The seller, Atlanta-based Focus Group, purchased the propertyfrom Post Apartment Homes, an operating company of Post Properties,in February for $32 million or $150,235 per unit. River West islocated in a prime Buckhead area on Northside Parkway, some ninemiles north of Downtown. After buying property, the Focus Groupbegan a conversion of the units from apartments to condos.

Sales, however, did not go well. Industry observers suggest themarketing was not on target. In addition, Focus Group, had internalproblems, including the departure of partner Ed de Guardiola wholeft this past fall to start his own company, Vista RealtyPartners, an apartment development firm.

River West includes two mid-rise buildings with 125 units and 88townhomes. Unit range from 500 sf to 1,600 sf. The price range is$100,000 to $320,000. At the time of the most recent sale, morethan 30 of the units had been sold and the remainder arerenters.