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Simpson Housing Group Acquires 249 Units

ATLANTA-The newly constructed Westchester at Buckhead complex was approximately 50% leased at the time of the sale.

By Natalie Keith | Updated on February 26, 2008

ATLANTA-Denver-based Simpson Housing Group has acquired the 249-unit Westchester at Buckhead at 3155 Roswell Rd. The seller, Englewood, CO-based Ameriton Properties Inc., was represented in the transaction by locally based Apartment Realty Advisors’ Atlanta team of Derrick Bloom, Sean Henry and John Weber. The sale price was not released, but according to Data Bank, of Atlanta, the property sold for $48.2 million.

Constructed in 2007 by Ameriton Properties, the complex consists of two mid-rise buildings surrounding a multi-level parking deck. Units are one-, two- and three-bedrooms ranging in size from 643 sf to 1,516 sf, with an average unit size of 980 sf. Among unit features are Italian cherry wood cabinets and stainless steel appliances in the kitchen and simulated marble counter tops with integrated bowls and Italian cabinet vanities in the bathroom. Complex amenities include a fitness center, two swimming pools, a media room and cyber café. The complex is approximately 60% occupied.

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