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th Parallel Properties Investment Group ( 37
th Parallel ) is pleased to announce the recent acquisition of Hawthorne at Clairmont, a 269-unit, 2009-built multifamily asset located in Atlanta, GA, on behalf of their investors and joint venture partner, Sophus Investments. This acquisition is 37
th Parallel s fifth transaction in 2020 and adds to the firm s growing footprint in the Southeast.
Haven on Peachwood Apartments (PRNewsfoto/37th Parallel Properties)
We are excited to add this high-quality asset to our growing portfolio and continue our strategic expansion in suburban Atlanta, said Dan Chamberlain, Managing Partner. Suburban, garden-style and mid-rise multifamily has demonstrated material resiliency throughout the Covid-19 spread. We have been able to add several well-placed assets worth over $100 million this year focusing primarily on submarket stability and employment diversity. We look to accelerate this strategy into 2021. ....

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