ATLANTA-The Bascom Group LLC acquired The Parc at DunwoodyApartments for $10 million in an all cash deal. TheIrvine-Calif.-based private equity firm paid $32.51 per unit at aforeclosure sale.
Chad Sanderson, Tim Whiting, Han Jang and Brent Schertzermanaged the acquisition for Bascom. Parc at Dunwoody is a 312-unitclass B property constructed on 26.23 acres in 1980. It wasrenovated in 2007 and 2008. The property is 95% occupied.
“We liked the price per unit,” Chad Sanderson, senior vicepresident of Business Development at Bascom, tells GlobeSt.com.“This is a renovated product in a very, very good location—goodquality jobs and good quality schools.”
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