37th Parallel Properties closes on 240-unit asset in Atlanta

37th Parallel Properties has purchased Parkside Vista, a 240-unit, 2007-built multifamily asset located in Atlanta on behalf of their investors and joint venture partner, Apta Properties. With this acquisition, 37th Parallel has acquired over 500 units representing over $100 million in value in the Atlanta MSA in the last 12 months.

"We are excited to add Parkside Vista to our growing portfolio, a quality asset in one of the most transformational nodes in Atlanta," said Dan Chamberlain, managing partner. "Atlanta's affordable, pro-business environment has driven significant job and population growth alongside industry diversification. The property is located near 285 and I-85 North East in the I-85 corridor, a booming economic corridor that has been the lead