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Thursday, 22 March 2018

424-Unit Apartment Property in Suburban Atlanta Fetches $68.85Mln

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Commercial Real Estate Direct Staff Report

Passco Cos. has paid $68.85 million, or about $162,382/unit, for the 424-unit Merritt at Sugarloaf apartments in the Atlanta suburb of Duluth, Ga.

The Irvine, Calif., investment manager bought the property, at 2951 Satellite Blvd. NW, from an affiliate of Roseview Group, a Boston investment manager which was represented by CBRE.

Passco funded its...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Atlanta
  • States: Georgia
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $50 million and $100 million
  • Private: Yes
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