MAA Completes Acquisition Of Allure At Brookwood

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7/24/2012 12:52 PM ET

MAA (MAA: Quote) announced the completion of the acquisition of Allure at Brookwood, a 349-unit high-end urban multi-family apartment community located in the Buckhead sub-market of Atlanta, Georgia.

Commenting on the announcement, Al Campbell, EVP and CFO said, "We are pleased with this high quality addition to our Atlanta portfolio and we expect this new investment will provide attractive long-term value for our shareholders."

The company stated that Allure at Brookwood was developed in 2008 and consists of two six-story mid-rise buildings joined by a five-level structured parking deck. The property offers residents a wide range of amenities including a resort-style pool with cascading fountains, a 50-meter lap pool, outdoor stone terrace with grill and an expansive fitness facility and business center.

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