JV ACQUIRES ATLANTA APT. COMPLEX FOR $39.7M

SANDY SPRINGS, GA. — A joint venture between Tribridge Residential and Stockbridge Capital Group has purchased the 298-unit Century Perimeter Park, located at 6210 Peachtree Dunwoody Rd. in Sandy Springs, from Centennial Holding Co. for $39.7 million. The property is located in the Perimeter Center submarket of Atlanta. Derrick Bloom, David Gutting, Vince Lefler and Porter Jones of Jones Lang LaSalle's Atlanta office represented the seller in the transaction.