GFI Capital Resources Group has paid $27 million for three apartment properties in the Atlanta area with 994 units.
The New York company purchased the properties from Sterling American Property, which has owned them for roughly 10 years through its second investment vehicle.
The properties - Park at Bouldercrest, with 438 units; Candler, with 268 units in Decatur, Ga., and West Chase, with 288 units in Austell, Ga. - had been renovated over the years by Sterling.
Each of the properties includes at least one swimming pool, playgrounds and laundry facilities. West Chase is near the Six Flags entertainment complex.
111 Great Neck Road, Suite 408, Great Neck, NY 11021 TEL: 516.773.3800 FAX: 516.773.3849
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