EXCHANGEPOINT COMPLETES TIC TRANSACTION FOR 440-UNIT APARTMENT COMPLEX

ATLANTA — Beverly Hill, Calif.-based ExchangePoint Properties has completed a tenant-in-common transaction for Cameron Brook Apartments, a 440-unit multifamily facility located at 4659 Dawson Blvd. in Atlanta. ExchangePoint, which acquired the property 5 months ago for $26.2 million, has sold the complex to 35 TIC investors for an undisclosed amount. A $3 million renovation program is planned for the property, which houses a variety of one-, two- and three-bedroom units.