Hamilton Zanze Completes Acquisition of 204-Unit 45Eighty Dunwoody Residence Neighborhood in Extremely Fascinating Atlanta Submarket

Hamilton Zanze Completes Acquisition of 204-Unit 45Eighty Dunwoody Apartment Community in Highly Desirable Atlanta Submarket

ATLANTA, GA – San Francisco-based real estate company Hamilton Zanze (HZ) has acquired 204-unit 45Eighty Dunwoody Apartment Homes in Dunwoody, Georgia. HZ purchased the property from FPA Multifamily, LLC represented by Cushman & Wakefield.

The purchase marks the company's sixth acquisition in the Atlantic market. Built in 1990, the community is located just off Georgia State Route 400 and I-285N and provides access to downtown Atlanta and local employers.

"We are very excited about the opportunity to buy again in the Atlantic market and further expand our presence in the growing metro," said David Nelson, Chief Transactions Officer of Hamilton Zanze. "The 45Eighty is conveniently located with easy access to Buckhead, Midtown, Downtown Atlanta and other major business centers. Dunwoody residents are drawn to Dunwoody for their strong schools, nearby outdoor recreational opportunities and proximity to employers."

45Eighty was 96.0% full at the time of purchase. The community is located at 4580 Barclay Drive in the coveted Dunwoody submarket, approximately 20 minutes from downtown Atlanta. The 204 units averaged 946 square feet with 14 different floor plans. Communal facilities include a swimming pool, fitness center, clubhouse, business center and parcel reception center.

HZ's capital improvements will focus on continuing the seller's indoor unit renovation plan. Management of the property has also been transferred to HZ subsidiary Mission Rock Residential, a Denver-based company.

Source: Hamilton Zanze


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