Berkadia's Paul Vetter and Andrew Mays Broker Sale of 395-Unit Legacy at West Cobb to Acento Partners

ATLANTA — Berkadia announced the sale of Legacy at West Cobb, a 395-unit, garden-style multifamily property in Marietta, Georgia. Senior Managing Directors Andrew Mays and Paul Vetter of Berkadia Atlanta led the transaction on behalf of the seller, Massachusetts-based Aspen Square Management. The buyer, Maryland-based Acento Partners, closed on the property on Oct. 30. Berkadia announced the sale Nov. 6, 2026.

Berkadia Atlanta Team Represents Aspen Square Management

Mays and Vetter represented Aspen Square Management in the disposition of the community, which was 88% occupied at the time of sale. Berkadia said the offering drew 20 initial offers.

"This complex transaction required persistence and disciplined execution from all parties," Mays said. "Twenty initial offers reflected strong investor interest in the property's affordable-to-market rent upside and large floor plans. Despite rate volatility, we attracted qualified buyers and delivered a successful outcome for our client."

Legacy at West Cobb Property Details

Legacy at West Cobb is located at 2665 Favor Road SW in Marietta. The property was built in 1970 and renovated in 2021. It comprises 37 buildings of two and three stories on a 12.18-acre site, or about 32.4 units per acre, with brick-and-siding construction and pitched composition-shingle roofs.

The community offers one-, two-, three- and four-bedroom floor plans averaging 1,139 square feet, within a total of 450,010 rentable square feet. Townhome-style layouts account for 17% of units. Amenities include gated access, a clubhouse and business center, a swimming pool, a fitness center, a playground, a picnic and grilling area, and select-unit garages.

Location Near Cobb County's Platinum Triangle

The property provides access to Cobb County's "Platinum Triangle" employment hub, which includes the Cumberland/Galleria area, as well as Truist Park and The Battery. The average home mortgage payment in the surrounding area is about $3,301 per month, compared with a market rent of approximately $1,572 per month at Legacy at West Cobb.

Value-Add Profile for Acento Partners

The property was marketed as a value-add opportunity. Berkadia identified more than $265,000 in potential additional annual revenue from moving rents from an affordable position toward market levels, and an estimated $118,500 of potential revenue from a new amenity fee. Effective gross income at the property had increased 12.6% since December 2024.

With occupancy at 88% at closing, Acento Partners acquires a community with room for lease-up alongside the rent and ancillary-income opportunities Berkadia outlined. The 2021 renovation is recent relative to the property's 1970 construction date.

Sources

• Berkadia: Legacy at West Cobb, Marietta, GA | Sold by Berkadia 2026