(To read more on the multifamily market, click here.)
DECATUR, GA-A partnership of Stamford, CT-based GE Real Estateand Investment Realty Holdings LLC, of Birmingham, AL and Atlanta,has purchased the 250-unit Paces Park Apartments for $27.7million.
The garden-style apartment complex is located at 100 Paces ParkDr. in an in-fill area of Decatur. Units with one bedroom and onebathroom currently rent for $880, units with two bedrooms and twobathrooms rent for $1,180 and units with three bedrooms and twobathrooms rent for $1,505. Complex amenities include a clubhouse,fitness center, gated entranceway, swimming pool and tenniscourts.
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