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Fogelman Properties, one of the country’s largest, privately-owned and fully-integrated multifamily investment and property management companies, is pleased to announce the acquisition of Crestmark Apartments in Douglasville, Ga.

 

Developed in two phases in 1992 and 1994, Crestmark Apartments is a 334-unit garden-style community that offers one, two and three-bedroom apartment homes. The newly-acquired property is 98% occupied with rental rates ranging from $800 to $1,400. Crestmark Apartments is expected to receive enhancements to common area amenities and upgrades to unit interiors in connection with the investment.

 

Fogelman acquired Crestmark Apartments through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the fourth acquisition for the Fogelman-Thackeray partnership in the last six months and grows Fogelman’s Atlanta portfolio to more than 4,500 units. Since 2015, the Fogelman-Thackeray partnership has acquired nine multifamily communities totaling more than 2,400 units, with an aggregate value of more than $300 million.

 

“Crestmark fits nicely within our partnership’s strategy: to acquire properties in middle tier price point submarkets with strong fundamentals, and limited supply,” says Mike Aiken, Vice President of Acquisitions for Fogelman Properties. “The community is located just minutes from downtown, Cumberland-Vinings and Hartsfield-Jackson International Airport in Atlanta’s most vibrant commercial and logistics hub on the west side.”

 

Crestmark Apartments offers a host of desirable features including spacious fully-equipped kitchens, washer and dryer connections, bay windows, garden-style tubs and generous walk-in closets. The community also features two outdoor swimming pools, a resort-style clubhouse, a business center, a fitness center, running and walking trails and covered parking.  

 

About Fogelman

Fogelman Properties (Fogelman) is one of the country’s largest and most experienced privately- owned multifamily investment and property management companies. As a fully integrated company, Fogelman specializes in multifamily acquisitions, property management, construction management, and asset management. Founded in 1963, Fogelman operates 88 multifamily communities totaling 28,000 apartment homes spread across 10 states in the Southeast, Southwest, and Midwest. For more information about Fogelman, please visit www.fogelman.com  or follow on FacebookTwitter and Instagram.

Fogelman Properties, one of the country’s largest, privately-owned and fully-integrated multifamily investment and property management companies, is pleased to announce the acquisition of Crestmark Apartments in Douglasville, Ga.

 

Developed in two phases in 1992 and 1994, Crestmark Apartments is a 334-unit garden-style community that offers one, two and three-bedroom apartment homes. The newly-acquired property is 98% occupied with rental rates ranging from $800 to $1,400. Crestmark Apartments is expected to receive enhancements to common area amenities and upgrades to unit interiors in connection with the investment.

 

Fogelman acquired Crestmark Apartments through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the fourth acquisition for the Fogelman-Thackeray partnership in the last six months and grows Fogelman’s Atlanta portfolio to more than 4,500 units. Since 2015, the Fogelman-Thackeray partnership has acquired nine multifamily communities totaling more than 2,400 units, with an aggregate value of more than $300 million.

 

“Crestmark fits nicely within our partnership’s strategy: to acquire properties in middle tier price point submarkets with strong fundamentals, and limited supply,” says Mike Aiken, Vice President of Acquisitions for Fogelman Properties. “The community is located just minutes from downtown, Cumberland-Vinings and Hartsfield-Jackson International Airport in Atlanta’s most vibrant commercial and logistics hub on the west side.”

 

Crestmark Apartments offers a host of desirable features including spacious fully-equipped kitchens, washer and dryer connections, bay windows, garden-style tubs and generous walk-in closets. The community also features two outdoor swimming pools, a resort-style clubhouse, a business center, a fitness center, running and walking trails and covered parking.  

 

About Fogelman

Fogelman Properties (Fogelman) is one of the country’s largest and most experienced privately- owned multifamily investment and property management companies. As a fully integrated company, Fogelman specializes in multifamily acquisitions, property management, construction management, and asset management. Founded in 1963, Fogelman operates 88 multifamily communities totaling 28,000 apartment homes spread across 10 states in the Southeast, Southwest, and Midwest. For more information about Fogelman, please visit www.fogelman.com  or follow on FacebookTwitter and Instagram.

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the appointment of Earl E. Williams Jr. as Chief Financial Officer.  

Williams brings more than 30 years of real estate experience to his new role at the Memphis, Tenn.–based multifamily real estate services company. The new CFO will be responsible for Fogelman’s corporate finances, banking relationships, risk management, tax compliance and long-term planning for Fogelman-related entities.  

“Earl brings significant experience in real estate and a deep understanding of multi-generational and family-owned organizations,” says Rick Fogelman, CEO of Fogelman Properties. “We look forward to his contributions on the leadership team at Fogelman Properties.”

Prior to joining Fogelman, the financial professional served as CFO for 18 years at Loeb Properties, a Memphis-based real estate development company. Prior to Loeb, Williams spent 14 years as the corporate controller at Belz Enterprises, another multi-generational, family-owned real estate organization. Williams began his career as a tax manager at Arthur Andersen.

 Williams is a graduate of the University of Arkansas at Little Rock and is a Certified Public Accountant (CPA). Williams is a member of the Lambda Alpha real estate fraternity and an advisory board member for the Urban Land Institute within the Memphis district. He is also a board member and finance chair of the Memphis Leadership Foundation, where he previously served as board chair.  

 

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Reserve Bartram Springs Apartments in Jacksonville, Fla.  

 

Developed in 2006, Reserve Bartram Springs is a 268-unit garden-style community that offers one, two, and three-bedroom apartment homes. The newly-acquired property is 96% occupied with rental rates ranging from $950 to $1,440. Reserve Bartram Springs is expected to receive enhancements to the common area amenities and upgrades to unit interiors in connection with the investment.

 

Fogelman acquired the community through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the second Jacksonville acquisition for the Thackeray partnership in the past 120 days and grows Fogelman’s Jacksonville portfolio to more than 1,900 units. Since 2015, the Fogelman-Thackeray partnership has acquired eight multifamily communities totaling more than 2,000 units, with an aggregate value of over $260 million.

 

“The community was a great fit for our partnership as it sits directly within the path of growth in southeast Jacksonville and is located within one mile of the Pavilion at Durbin Park, a 2.4M square foot mixed-use development which is currently under construction,” says Mike Aiken, Vice President of Acquisitions for Fogelman Properties.

 

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Reserve Bartram Springs Apartments in Jacksonville, Fla.  

 

Developed in 2006, Reserve Bartram Springs is a 268-unit garden-style community that offers one, two, and three-bedroom apartment homes. The newly-acquired property is 96% occupied with rental rates ranging from $950 to $1,440. Reserve Bartram Springs is expected to receive enhancements to the common area amenities and upgrades to unit interiors in connection with the investment.

 

Fogelman acquired the community through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the second Jacksonville acquisition for the Thackeray partnership in the past 120 days and grows Fogelman’s Jacksonville portfolio to more than 1,900 units. Since 2015, the Fogelman-Thackeray partnership has acquired eight multifamily communities totaling more than 2,000 units, with an aggregate value of over $260 million.

 

“The community was a great fit for our partnership as it sits directly within the path of growth in southeast Jacksonville and is located within one mile of the Pavilion at Durbin Park, a 2.4M square foot mixed-use development which is currently under construction,” says Mike Aiken, Vice President of Acquisitions for Fogelman Properties.

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the appointment of Lori Marada as the Senior Vice President of Shared Services.

 

Marada brings more than 20 years of real estate experience to the newly created role at the Memphis, Tenn.–based multifamily real estate services company and will be a key player in driving strategy and change-management for technology and management services at Fogelman. The new SVP of Shared Services will work closely with the executive team in implementing the ongoing business strategy of new multifamily technology platforms, training, marketing and planning for information technology and systems support.

 

“Lori is a seasoned professional with a deep understanding of creating successful business processes and strategic organizational design in real estate,” says Melissa Smith, CAO of Fogelman Properties. “We are thrilled to welcome her to the leadership team and look forward to her contributions and insights within the newly created role of shared services.”

 

The real estate professional joined Fogelman as a consultant and led the company’s upgrade to Yardi 7S while serving as a founding principal of Lori Marada Consulting, LLC. Prior to starting her own consulting company, Marada spent 15 years at RealPage in a variety of senior roles including, SVP of Client Success and founding member of YieldStar, where Marada cultivated the now established role of Revenue Manager for multifamily. The new Fogelman team member earned her bachelor’s in psychology from the University of North Texas.

 

ABOUT FOGELMAN PROPERTIES

Fogelman Properties (Fogelman) is one of the country’s largest and most experienced privately-owned multifamily investment and property management companies. As a fully integrated company, Fogelman specializes in multifamily acquisitions, property management, construction management, and asset management. Founded in 1963, Fogelman presently operates 88 multifamily communities totaling 27,000 apartment homes, spread across 10 states in the Southeast, Southwest and Midwest regions of the country. Fogelman is headquartered in Memphis, TN, with offices in Atlanta, GA; Dallas, TX: Raleigh, NC; Houston, TX; Kansas City, KS; and Orlando FL. For more information about Fogelman, please visit www.fogelman.com or follow on FacebookTwitter and Instagram.

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