Westplan Successfully Sells Dunwoody Station Apartments

ATLANTA, GEORGIA – Westplan, as a partner with Euramex in Dunwoody Station Apartments LLLP, has sold Dunwoody Station Apartments to Lincoln Property Company.  The property is a 530-unit, Class A community located in Dunwoody, Georgia.  Westplan acquired the property in April 2009.

Rob Carter, Executive Vice President, stated “the performance of this asset has improved significantly since we acquired it.  By selling it now we have been able to achieve a tremendous result for our investors.”

Westplan will continue to dispose of some of its investments on a selective basis over the next 12 months to take advantage of the improved capital markets. Its multi-family strategy is to continue to grow its portfolio in Georgia, Florida, Texas and North Carolina with investments in distinct development projects.

Westplan
Westplan (www.westplan.com) is a privately held company that owns and manages twenty-seven apartment properties with over 9,000 units and a commercial portfolio of approximately 850,000 square feet.

For further information, please contact Rob Carter, EVP, at 770-390-9378.