GRS Group recently provided transaction services on Merritt at Sugarloaf, a 424-unit multifamily asset in Duluth, GA, which was recently acquired for $68.85 million. Built in 1999, and located near the Interstate 85/State Route 316 interchange, the property is currently 95 percent occupied. The garden-style community includes one, two and three-bedroom floor plans, two swimming pools and a lake. The buyer, Passco Cos. is a nationally recognized real estate investment firm specializing in the acquisition, development, and management of multifamily and commercial properties throughout the U.S.
GRS | Group provided a Property Condition Assessment and a High Performance Building Assessment as part of the financing package. GRS Group director, Julie Sorensen, spearheaded the assessment on behalf of the firm’s client, KeyBank.
About GRS Group:
GRS Group is a leading provider of commercial real estate transaction services worldwide. With offices across the United States, Europe, and affiliates around the globe, GRS Group provides local market knowledge with a global perspective for institutional real estate investors, occupiers and lenders worldwide. The GRS Group team has evaluated and advised on over $1 trillion in commercial real estate transactions.