ATLANTA-Lane Co., a locally based, multi-phased apartment development company, has purchased two high-profile multifamily assets totaling 808 units in the prime Perimeter Center of the city for $89 million, or $110,149 per unit.

A joint venture of Goldman Sachs' Whitehall Fund and Korman Communities sold the 90%-leased properties in a deal that Marcus & Millichap broker John Brown calls “the largest apartment transaction in Atlanta this year.” He says the properties are “irreplaceable real estate.” Brown represented the seller.

The 412-unit, seven-year-old Mt. Vernon Place Apartments is at 1265 Mt. Vernon Highway in suburban Dunwoody. The 396-unit, four-year-old Dunwoody Place Apartments is at 6850 Peachtree-Dunwoody Road, also in Dunwoody. Average monthly rents at Dunwoody Place are $1,150; at Mt. Vernon Place, $1,100. Lane Management Corp., a Lane Co. subsidiary, will manage the newly acquired communities.