New York Life Acquires 245-Unit Dunwoody Apartment Project
New York Life purchased the Perimeter Gardens at Georgetown in Dunwoody. The price paid was $53.5 million. Sentinel Real Estate was the seller.
The Atlanta Business Chronicle reports the community last traded hands in 2017, when Sentinel purchased it from AMLI Residential for about $45.3 million.
On North Shallowford Road just north of Interstate 285, Perimeter Gardens at Georgetown was delivered in 2006 and features 245 multifamily units.
The community offers one- and two-bedroom floor plans. It also features a variety of shared amenities for residents, including two swimming pools, a coffee bar and a car care center.
New York Life’s Robert Bevers added, “With its strong tenancy, desirable location within Dunwoody and compelling market fundamentals, we believe that our renovation and capital plan will be well received by the market and deliver long-term value.”
Attend Connect Southeast Multifamily on December 4th in Key Biscayne when the market experts share the playbook for where capital is moving next, and how the region’s power players are positioning themselves to stay ahead of the national curve. Be there to explore the opportunities, challenges, trends, and the future outlook for the multifamily landscape throughout Florida and the Southeast. www.ConnectSEMF2025.com
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout