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204-unit multifamily community changes hands in Dunwoody

by John Yellig

Image courtesy of Hamilton Zanze.

San Francisco real estate investor Hamilton Zanze picked up the 204-unit 45Eighty Dunwoody Apartment Homes in Dunwoody for an undisclosed amount.

The property, sold by FPA Multifamily LLC, marks Hamilton Zanze’s sixth acquisition in the Atlanta metro area, according to a press release. It was constructed in 1990 and was 96% occupied at the time of acquisition. Hamilton Zanze plans to continue the interior renovation plans FPA Multifamily was in the process of carrying out at the time of the transaction.

The asset’s units average 946 square feet apiece and offer 14 different floor plans. Amenities include a swimming pool, fitness center, clubhouse, business center and package-receiving center.

“45Eighty is conveniently located with easy access to Buckhead, Midtown, Downtown Atlanta and other major employment centers,” Hamilton Zanze chief transactions officer David Nelson said in the release. “Residents are attracted to the Dunwoody area for its strong schools, nearby outdoor recreation and proximity to employers.”

Seperately, Denver-based apartment-management firm Mission Rock residential announced that it was taking on managment of the multifamily community.

Image courtesy of Mission Rock Residential.

 

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