GID Buys 240-Unit Kennesaw Apartments for $42.5M
GID acquired the 240-unit Windsor TownPark Apartments in Kennesaw for $42.5 million from CenterSquare Investment Management at a 6.87% cap rate.
GID (General Investment & Development Cos.) has acquired Windsor TownPark Apartments, a 240-unit complex at 3350 George Busbee Parkway NW in Kennesaw, for $42.5 million. Gregory S. Bates signed for the buyer; Todd Briddell represented seller CenterSquare Investment Management. The deal closed October 2, 2026.
The price works out to roughly $177,083 per unit. The property was 93% occupied at sale, with NOI of $2.92 million through June, implying a 6.87% cap rate.
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Built in 1997, the complex offers one- to three-bedroom units from 750 to 1,540 square feet. Amenities include a resort-style pool, 24-hour fitness center, yoga studio, clubroom, coworking space, fire pit, dog park, and detached garages. Units have in-home laundry.
The property sits near Kennesaw State University and Town Center at Cobb, with access to I-75 and I-575.
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Project File
- Address
- 3350 George Busbee Parkway NW, Kennesaw, GA 30144
- Units
- 240
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