ATLANTA–The Paramount Apartment Homes, a 266-unit multifamily community in the Atlanta suburb of Duluth, has traded hands. Mesa Capital Partners sold the apartment community for an undisclosed price.

CBRE'sBrad Simmel of the Southeast Multifamily Groupexclusively represented Mesa. CBRE's Richard Jordan and Matt Forgioneassisted the buyer, M. Banks Realty Partners, with the assumption of an existing loan. Financial terms of the deal were not disclosed.

"The rental market has become much more active in the suburbs and not just in-town markets," Simmel tells GlobeSt.com. "With the metro Atlanta population continuing to grow and more diverse subset of renters, the suburbs will remain an active player in the multifamily scene. Strong occupancy, limited new construction, job growth and continued forecasts of annual rent growth make for a sound investment."