Waterton Associates LLC sold River Heights Apartments in Marietta, GA, to a joint venture of Lane Co., of Atlanta, and Griffin Realty Advisors for $40.7 million, or approximately $105,990 per unit.
River Heights includes one-, two- and three-bedroom units at 3702 River Heights Crossing. The 384-unit complex is Griffin’s first investment for its value-added fund. Interior and exterior renovations are planned.
The partnership will complete renovations of the first phase of apartments in early 2008, with the last group completed by November 2009.
source: costar.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment