DONE DEALS.

NORTHRIDGE APARTMENTS, a newly developed 160-unit property in Jackson, Tennessee, was recently sold for $7.15 million, or $44,690 per unit. EQUITY RESOURCES, INC., a Birmingham based corporation, purchased the property. The seller was Northridge Apartments, L.L.C., who developed the property in 1996. R. LYNN GREEN and STEVE L. RUDESILL of SPL CORPORATION were the brokers in the transaction.

An affiliate of DOMINIUM MANAGEMENT SERVICES INC., Minneapolis, Minnesota, has contracted with ARV ASSISTED LIVING INC., Costa Mesa, California, to purchase the general partnership in 11 separate partnerships. The partnerships own 11 multifamily affordable housing communities, totaling 1,128 units, in Ohio, California, Colorado, and Michigan. Dominion is a real estate development and accredited property management company. It now owns or manages nearly 15,000 housing units across the country, ranging from affordable housing to luxury properties. It has grown from 3,000 units in 1993, making it one of the fastest growing companies in the region.

BERKSHIRE REALTY COMPANY, INC., Boston, Massachusetts, a multifamily REIT specializing in renovations and major rehabilitations, has announced the acquisition of four apartment communities located in metropolitan Atlanta. The communities were acquired for $59.7 million. The portfolio includes 1,076 units with a variety of floor plans including two- and three-bedroom townhomes, large unit sizes averaging approximately 1,200 square feet, and washer/dryer connections. The acquisition of this portfolio brings Berkshire's holdings in Atlanta to seven properties consisting of approximately 2,300 units.

VILLAGGIO AT RANCHO BERNARDO APARTMENTS, Rancho Bernardo, California, recently sold for $33.25 million. The seller was AMSTAR and the buyer was an entity formed by BOSTON FINANCIAL. The sale was negotiated by ROBERT BRUNO and MARK FORRESTER of HENDRICKS & PARTNERS, Phoenix, Arizona, and STEVE HUFFMAN and JULES ARTHUR of HENDRICKS & PARTNERS, San Diego.