WATERTON RESIDENTIAL ACQUIRES PARC ALPHARETTA

ALPHARETTA, GA. — Chicago-based Waterton Residential has acquired Parc Alpharetta, a Class A, age-restricted, multifamily community in Alpharetta. Located just west of Georgia 400 off Westside Drive, Parc Alpharetta is a four-story, two-building structure containing 210 units and is an active adult (55-plus) community. Constructed in 2008, it offers services and amenities including a fitness center, exercise classes, a library and business center, shuttle services, planned social events, walking paths, a luxury pool and an upscale community room. Parc Alpharetta was acquired as part of Waterton Residential Property Venture XI, a $500 million discretionary multifamily investment venture. It was originally developed by Wood Partners and Parc Communities.