302 Perimeter Center N — Dunwoody Apartment Acquisition Site
A sprawling, garden-style apartment complex in Dunwoody has a new owner with big renovation plans. TruAmerica Multifamily announced the acquisition of Bricks at Perimeter Center, a 446-unit community tucked into Atlanta’s Perimeter Center submarket, and the Los Angeles-based firm says it intends to overhaul nearly the entire property while the surrounding area faces a thinning pipeline of new apartment supply.
The deal, reported by The Real Deal, adds a low-density community at 302 Perimeter Center North to TruAmerica’s growing Southeast footprint. According to Yieldpro, the property includes 16 studios, 250 one-bedroom units, 154 two-bedroom units and 26 three-bedroom units, and the outlet reported it was built in 2007 — though a separate listing from corporatehousing.com puts the construction year at 2006 with five stories across the complex. Either way, the community sits near major employment centers and public transit within the submarket, per the dossier’s property-level details.
Nearly the Whole Complex Is Getting a Facelift
TruAmerica has identified renovation potential in 442 of the 446 units — about 99% of the community, the same Yieldpro report notes. Planned upgrades include quartz countertops, stainless-steel appliances, new flooring, and updated cabinetry and hardware throughout the residences…