Passco Sees 60% Price Boost in Multifamily Sale

ATLANTA—“We acquired Sundance Creek in 2010 when many firms were focused on core markets.”

Formerly Oxford Creek, Sundance Creek Apartments is 100% townhome style multifamily units.

ATLANTA—Sundance Creek, a 232-unit multifamily community in the Atlanta submarket of McDonough, GA, had traded hands. Passco Companies acquired the asset for $14.5 million in 2010 and sold it at a 60% increase.

“We acquired Sundance Creek in 2010 when many firms were focused on core markets,” Gary Goodman, senior vice president of acquisitions for Passco, tells GlobeSt.com. “We knew that the McDonough submarket was positioned to perform extremely well over the next several years and that entering the market at the outset of this growth would provide tremendous value.”

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