Avison Young secured an equity partner for the purchase of the 266-unit property in Marietta, Ga.: Spaxel has paid $45 million for The Hills at East Cobb, a 266-unit workforce housing property in Marietta, Ga., with $16.4 million in limited partner equity from Sound Mark Partners. According to Yardi Matrix data, the previous owner was Aerial Development Group, which purchased the Class B property in 2018 for $35.1 million. Avison Young arranged the joint equity partnership. The acquisition is part of Spaxel’s strategy aimed at value-add and new construction multifamily opportunities, with a focus on affordable and moderate-income housing.