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One of the first pieces of the multifamily empire amassed by Adam Neumann is about to be in new hands. An affiliate of Neumann's Flow is in talks to sell a stake in a Buckhead apartment tower it acquired in 2021, a source with knowledge of the deal told Bisnow.

Cortland, a large, Atlanta-based apartment developer and landlord, is expected to close in the next few weeks on the acquisition of the 425-unit apartment building at 3005 Peachtree Road NE, the source said. Cortland will take over management and leasing of the property.