A Chicago-based Mesirow fund just dropped $132 million on Sixty 11th Apartments in Midtown Atlanta, a 20-story luxury tower that is now one of the city’s priciest apartment deals on a per unit basis this year. The sale, recorded at the end of June, pencils out to roughly $412,500 per unit across about 320 apartments. The buyer did not immediately respond to requests for comment.
Deal Details And A Sky-High Per Unit Tab
As reported by Bisnow, a fund operated by Chicago-based Mesirow paid $132 million for Sixty 11th Apartments, with the transfer recorded in late June. Tax filings with the Georgia Superior Court Clerks' Cooperative Authority tie the seller's LLC to MetLife Investment Management in New Jersey, according to the outlet.
Run the numbers and the math comes out to about $412,500 per unit. That puts Sixty 11th near the top of Atlanta’s 2026 leaderboard for expensive apartment trades on a per unit basis, trailing only one other high rise sale so far this year.
Who Built It And Who Cashed Out
The 320 unit Sixty 11th was developed in 2016 by a joint venture that included Daniel Corporation, Selig Enterprises and MetLife, according to the Atlanta Business Chronicle. The tower is part of the 12th & Midtown mixed use district, with street level retail and rooftop amenities that clearly target renters willing to pay for the full package.
The building's leasing site lists the address as 60 11th St NE, within walking distance of Piedmont Park and nearby transit, which helps explain why investors are lining up to pay top dollar.
How The Price Fits In Atlanta’s Market
The roughly $412,500 per unit price still comes in just below this year’s top per unit trade. Bisnow notes Goldman Sachs paid about $432,000 per unit for a Buckhead high rise earlier in the spring.
Investors have been paying up for newer, well located multifamily across the metro. In Brookhaven, Key Real Estate’s $101 million acquisition of Alta Porter on Peachtree, reported by Brookhaven tower fetches $101M, highlighted Marcus & Millichap figures that show Atlanta’s vacancy rate narrowing roughly 70 basis points year over year to about 5.6%. That kind of tightening has pushed demand toward premium Class A towers and helped keep per unit pricing elevated for trophy and near trophy assets.
Mesirow’s Atlanta Play And What It Signals
Mesirow has not exactly been shy about its interest in Atlanta. The firm bought the 299 unit 1105 Town Brookhaven community for roughly $87 million last October, according to the Atlanta Business Chronicle. Taken together, the Brookhaven purchase and the Sixty 11th deal suggest Mesirow’s fund is comfortable placing bets across both suburban style properties and dense urban high rises as it puts capital to work.
For Midtown residents and renters, the Sixty 11th sale is another sign that centrally located, amenity heavy housing is still a hot commodity among institutional buyers. That level of investor appetite can keep pressure on rents and valuations at the top of the market, even as the rest of the region’s apartment sector tries to find its post boom footing.
