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Sun Holdings/Barvin JV acquires Ga. apartment asset for $78.5M

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Sun Holdings/Barvin JV acquires Ga. apartment asset for $78.5M

Sun Holdings Group and The Barvin Group LLC paid $78.5 million for the 341-unit apartment complex at 1125 Hammond Dr. in Sandy Springs, Ga., the Atlanta Business Chronicle reported, citing Fulton County property records.

The security deed showed that the acquisition included the assumption of an existing loan from State Farm Life Insurance, the publication added.

The asset, now known as Sync at Perimeter, was appraised at $75.4 million in 2019.