In Atlanta's South Fulton submarket, locally based Jamco paid Bank of America $11.7 million or $32,143 per unit for Chester Ridge, a 364-unit community on Campbellton Road. The complex comprises 35 two-story buildings with 390,084 rentable sf on 27 acres.
In the suburbs, locally based Victory Group purchased the 130-unit, 167,050-sf Parc View Estates in Decatur, GA from Miles Properties of Atlanta for $4.7 million or $36,154 per unit.
Residential Properties Trust of Chicago sold the 74-unit, 44,928-sf Norwood Apartments in Lilburn, GA to B&M Enterprises of Montgomery, AL for $3.2 million or $43,243 per unit.
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