(Read more on the multifamily market.)
SANDY SPRINGS, GA-A joint venture of Santa Barbara, CA-basedSomera Capital Management and Irvine, CA-based Aslan Realty Grouphas acquired the 350-unit Legacy Key apartment complex. KingsDunwoody Springs Apartments LLC sold the property for $28.1million.
Built in 1979, the property consists of 25 two- and three-storybuildings on 18 acres. Units range in size from 544 sf to 1,400 sfand are one- and two-bedroom configurations. Community amenitiesinclude a business center, a fitness center, two swimming pools,two tennis courts, a barbeque area and car wash facilities. Theproperty has access to office complexes in the Central Perimeterarea, Marta, shopping in Midtown, Buckhead and the PlatinumTriangle.
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