GID Investment Advisers LLC — on behalf of affiliate Windsor Realty Fund III Acquisition LLC — has acquired the 412-unit Mt. Vernon Place luxury apartment community in Atlanta, Ga.

The value of the transaction was not disclosed.

The community, which will be renamed Windsor at Mount Vernon, is located in the Sandy Springs/Dunwoody section of Atlanta. Completed in 1997, the property includes two swimming pools, two tennis courts, a picnic area and well-landscaped grounds. The clubhouse facility contains a fully equipped fitness center, 21-seat movie theater, business center with Internet access, serving kitchen, sun room and leasing office.

Apartment amenities include 9- and 12-foot ceilings, large walk-in closets, air conditioning, full-size washer and dryers, private terraces and verandas, spacious gourmet kitchens, and oversized garden bathtubs.

Windsor Realty Fund III is an equity co-investment joint venture between GID (a developer) and the California Public Employees’ Retirement System. Formed in 1998, WRF III has acquired 23 properties aggregating approximately 8,000 apartment homes across the United States.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription