GRUBB & ELLIS ACQUIRES PEACHTREE CITY APARTMENTS

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PEACHTREE CITY, GA. — Grubb & Ellis Realty Investors has purchased the 306,000-square-foot, 312-unit Retreat at Peachtree City from a joint venture of AMLI Residential and Prudential for an undisclosed amount. The 94 percent-occupied property spans 15 residential buildings and includes a swimming pool, a lighted tennis court and an executive business center. The sellers were represented by Engler Financial Group, and Capstone Realty Advisors secured financing for the transaction.

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