| One of the more prominent multifamily communities in Dunwoody is on the market. Here's a pic of Dunwoody Station, which we drove by yesterday. This 530-unit, Class-A property has just been placed on the market with CBRE's Kevin Geiger and the firm's multifamily group. It's being sold in a partnership between Wesley Apartment Homes and Westland/MGS Realty for an undisclosed price, according to Databank. The nearly full property has been also achieving 7% effective rent increases since December, Kevin tells us. ?The market has improved greatly, with Class-A and Class-B sector fundamentals improving and with life companies returning into the investment scene." |
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