NEW YORK INVESTOR ACQUIRES MULTIFAMILY PORTFOLIO

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ATLANTA, AUSTELL AND DECATUR, GA. — New York-based GEI Capital Resources has acquired three multifamily properties, totaling 994 units, in Georgia from New York-based Sterling American Property. The properties include Park at Bouldercrest, a 438-unit apartment complex located at 26 Bouldercrest Ln. SE in Atlanta; West Chase, a 288-unit complex located at 7200 Six Flags Pkwy. in Austell; and Park on Candler, a 268-unit complex located at 2571 Candler Rd. in Decatur. Sterling was represented in-house by Mel Mayers.

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