Metro apartments sold
QR Capital of Atlanta bought Concord Village Apartments in Peachtree City for $9 million and Gwinnett Station Apartments in Tucker for $6.7 million in a deal brokered by CBRE's Atlanta group.
Both complexes contain 180 units each and were built in 1995.
The Atlanta apartment market has been heating up in the face of the housing crisis, with sales and occupancy rates rising.
The housing slump has produced about 150,000 new renters in the metro area and 3 million nationally, estimates David Stockert, chief executive of Atlanta-based apartment titan Post Properties.
--Christopher Quinn
About the Author
Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.
