Atlanta-based Cortland Partners has agreed to buy a Canadian apartment company for $1.2 billion.
The transaction is expected to close by the fourth quarter this year.
Pure Multi-Family owns and operates 22 apartment projects with just over 7,000 units in Texas and Arizona.
The deal comes as Cortland continues investing heavily in Sunbelt markets such as Atlanta.
Last October, it paid $156 million for more than 500 units just northwest of Atlanta around SunTrust Park. In February, it paid…
