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Windsor Fund Sells Apartment Asset for Record Price

ATLANTA-Group One Investments of Chicago paid $53.7 million for the 632-apartment Windsor at River Heights complex about 18 miles northwest of Atlanta. The price is the highest this year for a multi-family property and one of the highest for a multi-family property in Atlanta real estate history.

By Judith Schonbak | Updated on September 11, 2000

ATLANTA-In one of the biggest apartment sale deals of the year here, Chicago-based Group One Investments paid Windsor Realty Fund-1, an affiliate of Boston-based General Investment & Development Co., $53.7 million for Windsor at River Heights. The 632-apartment complex is located about 18 miles northwest of Atlanta.

The sales price is the highest this year for a multi-family product and one of the highest in Atlanta’s real estate history, according to DataBank, an Atlanta-based transaction-tracking group.

The former Trillium Tower, now One Buckhead Loop, previously sold for $45 million or $195,652 per unit. The Trillium’s per-unit price is considered the highest recorded in Atlanta commercial property annals.CB Richard Ellis Inc. negotiated for General Investment & Development in the River Heights transaction.

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