Newport Beach-based Olen Properties paid top dollar among 2025 multifamily sales in Metro Atlanta for an Alpharetta apartment complex.
Olen purchased Magnolia at Milton, an upscale apartment complex at 13125 Morris Road, for $179.7M from Sherman Oaks, California-based IMT Residential, according to tax records filed in the Georgia Superior Court Clerks’ Cooperative Authority database. 
Magnolia’s purchase price is some $29M more than the two previous top apartment sales in Metro Atlanta: Bell Partners’ acquisition of Rock Springs Village in Druid Hills in November and Cortland’s purchase of Cortland at Buckhead Village from Adam Neumann’s Flow earlier this year. Each of those properties traded for $150M,…