Passco Cos. LLC, a California-based real estate investment firm, acquired Sundance Creek at 575 McDonough Parkway in McDonough, GA, from Principal Financial Services for $18 million, or about $77,586 per unit.

The 220,892-square-foot, 232-unit townhouse apartment delivered in 2004 on 15.44 acres. It is in the fast growing South Clayton/Henry County submarket.

Patrick Jones of Engler Financial Group represented the seller. There was no buyer...