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Atlanta Submarkets See Multifamily Transactions

ATLANTA-The $10 million sale of The Parc at Dunwoody signals the trend toward investors searching for multifamily deals in Atlanta's prime submarkets.

By Jennifer LeClaire | Updated on September 13, 2010

ATLANTA-The Bascom Group LLC acquired The Parc at Dunwoody Apartments for $10 million in an all cash deal. The Irvine-Calif.-based private equity firm paid $32.51 per unit at a foreclosure sale.

Chad Sanderson, Tim Whiting, Han Jang and Brent Schertzer managed the acquisition for Bascom. Parc at Dunwoody is a 312-unit class B property constructed on 26.23 acres in 1980. It was renovated in 2007 and 2008. The property is 95% occupied.

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