ATLANTA—The Estates at Crossroads, a 3440-unit, class A multifamily community in Atlanta's Duluth submarket, has traded hands. Passco Companies acquired the apartment community, which sits in the white hot Duluth submarket of Gwinnett County, GA.

“The Estates at Crossroads is located in Metro Atlanta's booming Gwinnett County, one of the nation's top-ten fastest growing counties with an impressive 46% population growth since 2000,” says Colin Gillis, director of acquisitions in the Southeast for Passco. "The growth in the sheer number of people and businesses moving into the area has resulted in strong renter demand for class A housing, making this an extremely smart acquisition for Passco Companies. In fact, Gwinnett County's population growth from 2012-2014 represented over 34 percent of the total population growth seen in the thirteen county area encompassing the Atlanta MSA.”

According to his research, the area's booming population is based on job growth in the region. Metro Atlanta's employment gains are expected to reach near record levels, with more than 140,000 new jobs expected in 2015.