FirstBank of Tennessee provided the buyer with $36.5 million in acquisition financing for the 216-unit property.

The 70-unit multifamily asset includes a number of affordable apartments.

But is it enough? Operating costs and staffing shortages continue to plague the sector.

JLL Capital Markets provided $38.5 million in nonrecourse acquisition financing for the 228-unit deal.

The 389-unit community in Sandy Springs last changed hands for $34.1 million in 2014.

Walker & Dunlop structured the Freddie Mac financing package, which covers a 2,286-unit Connecticut portfolio.

Berkadia provided the fixed-rate Freddie Mac loan at a loan-to-value ratio of 65%.