Passco Offloads Buckhead Rental Asset for $87.5M

ORIX Corporation USA purchased The Kendrick, a 423-unit multifamily property, for $87.5 million. Built in 1998, the garden-style multifamily community is located in Atlanta’s Buckhead neighborhood, near major employment, retail and entertainment centers. The business plan includes capital improvements to modernize units and common areas. It was part of a three multifamily portfolio totaling 1,029...