Constructed in two phases in 1985 and 1986, the property sits on a 19.7-acre site and has a total rentable floor area of 242,986 sf. The complex has one- and two-bedroom units with balconies and patios and washer/dryer connections. Common area amenities include a swimming pool with sundeck, tennis courts, health and fitness center, clubroom with kitchen facilities, playground and car care center.

Chad Sanderson, Nicholas Genesta and Josh Needle handled the transaction for Bascom. Debt financing was arranged by Robert LaChapell, Matthew Forgione, Troy Tegeler and Brian Eisendrath of CBRE Melody. Worthing Southeast Corp. will serve as property managers.

The property is located in the Central Perimeter submarket, which has 27 million sf of office and is home to more than 115,000 employees and 4,000 companies. Anchored by the Perimeter Mall, the area is considered to be a shopping destination. "This property is located in a very strong submarket of Atlanta with high household incomes," Sanderson tells GlobeSt.com. "We saw this as a value-add opportunity and plan to make some modest renovations."