Developed in 2008 by Atlanta-based Pollack Shores Real Estate Group, the Two Blocks multifamily community has demonstrated effective rent growth of more than 11% for the last two years.

ATLANTA—Two Blocks, A Class A, 400-unit midrisemultifamily community in the Dunwoody submarket of Atlanta,has traded hands. The sale price: $72 million. PasscoCompanies acquired the multifamily property.

Developed in 2008 by Atlanta-based Pollack Shores Real EstateGroup, the Two Blocks multifamily community hasdemonstrated effective rent growth of more than 11% for the lasttwo years. That's despite its lack of key unit upgrades and amenityenhancements while maintaining occupancy rates exceeding 95%.

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Atlanta
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Multifamily