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 One Rocky Ridge, a 300-unit multifamily community located in Douglasville, Ga.

Developed in 2003, One Rocky Ridge offers one, two and three-bedroom apartment units with monthly rental rates ranging from $950 to $1,400. The newly acquired property is 95% occupied and managed by Fogelman. One Rocky Ridge will undergo extensive community upgrades, including renovations to all in-unit kitchens, living rooms and bathrooms, as well as overall community enhancements across the common area amenities. 

Fogelman acquired One Rocky Ridge through a joint venture with New York-based DRA Advisors. Since 2003, the Fogelman-DRA partnership has acquired 34 multifamily communities totaling more than 11,000 apartment homes, with an aggregate value of more than $1.5 billion. Since the beginning of 2020, Fogelman and DRA Advisors have completed $160 million in investments and have a current joint venture holding totaling more than 4,600 apartment homes.

“We’re excited to expand our portfolio with DRA Advisors and our presence in one of the top-performing submarkets of Atlanta,” said Mike Aiken, SVP of Investments for Fogelman Properties. “In addition to being the primary healthcare and retail hub for the western suburbs of Atlanta, Douglasville continues to benefit from the industrial/logistics growth spilling over from the Fulton Industrial Corridor.  This is the fourth property we’ve acquired in Douglas County since January 2019 and we’re just getting started.”

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 94 multifamily communities totaling more than 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 us on Facebook, Twitter and Instagram.

MEMPHIS, TENN.: Fogelman Properties (Fogelman), one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce that despite the pandemic, it experienced a successful year of acquisitions during 2020. Over the past 12 months, Fogelman bought five multifamily communities totaling 1,350 units for an aggregate cost of $225 million.

Fogelman’s investment success resulted in continued corporate growth for the organization, with expansion in key target markets in Georgia, Florida and Tennessee.  “Despite a year that was filled with economic uncertainty, we were fortunate to remain on offense by growing our investment portfolio with acquisitions in resilient Southeastern markets,” Mike Aiken, Vice President of Acquisitions at Fogelman. “We are thankful for the continued support of our long-time institutional partners and look forward to ongoing growth in 2021.”

Fogelman continues to be one of the most active buyers in the country and oversees a portfolio of more than 28,000 units across 91 properties in 10 states, totaling more than $4.5B of managed assets. The company’s national portfolio has maintained a 95% average occupancy in 2020.

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 91 multifamily communities totaling more than 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 Facebook, Twitter and Instagram.

MEMPHIS, Tenn.: Fogelman Properties (Fogelman), one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the expansion of the marketing team and appointment of Melissa Brady as the new Vice President of Strategic Marketing. The company is also pleased to celebrate and honor Tatiana Dwight, Fogelman’s Recruiting & Retention Specialist, and Earl Williams Jr., Chief Financial Officer, for their recent award recognitions, including IREM’s 30 Under 30, NAA’s 20 in Their Twenties and Memphis Business Journal’s 2020 CFO of the Year, respectively. 

Brady brings more than 20 years of deep expertise and marketing, communications and PR experience to the newly created role at the Memphis, Tenn.–based multifamily real estate services company. She will be a key player in driving overall marketing initiatives, including supporting regional property and digital marketing efforts, bolstering current redevelopment marketing initiatives and leading the company’s marketing technology and corporate brand strategies. Brady’s prior experience includes consulting for several public and private firms, in addition to her marketing and communication work at ServiceMaster, FedEx and Juice Plus.

“Melissa is a seasoned marketing professional with deep experience and expertise in communications, public relations, brand management, digital marketing and client services,” says Lori Marada, SVP of Shared Services at Fogelman Properties. “We are excited to welcome her to the executive team and look forward to her insights and contributions within the newly created role at Fogelman.”

Fogelman is also pleased to celebrate the recent national and regional award recognition of two team members. Tatiana Dwight, Fogelman’s Recruiting & Retention Specialist, was recognized for two prestigious national awards by the Institute of Real Estate Management (IREM) and the National Apartment Association (NAA). IREM’s 30 Under 30 Awards acknowledged Dwight as the next generation of real estate management leaders by highlighting her as one of 30 professionals who have made significant impact on the industry and in their communities. Dwight was also recognized for her contributions to the profession as demonstrated through her career success, professional leadership and community involvement. Similarly, NAA’s 20 in Their Twenties award recognizes 20 young professionals who have made great achievements in their career and show great potential for future impact on the industry. Dwight was recognized at this month’s Virtual Apartmentalize Conference.

Earl Williams Jr., Chief Financial Officer of Fogelman Properties, was named an honoree of Memphis Business Journal’s 2020 CFO of the Year awards. Featured in the publication’s November 2020 issue, Williams Jr. was chosen for his leadership abilities, dedication to coworkers and communities, and strong drive in leading Fogelman’s financial success, especially throughout the economic uncertainty due to the pandemic.

“We’re proud to celebrate both Tatiana and Earl for their well-deserved achievements,” said Melissa Smith, Chief Administrative Officer of Fogelman. “Both are incredibly passionate about their work and dedicated to delivering the best results in their respective roles. We’re grateful to have them on board and look forward to their continued success.”

For more information about Fogelman Properties, visit www.fogelman.com.

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 us on Facebook, Twitter 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 The Edison, a brand-new 327-unit A+ multifamily community located in Fort Myers, Fla.

Completed in 2020, The Edison offers one, two and three-bedroom apartment homes with rental rates ranging from $1,395 to $2,095. The newly-acquired community is 93% occupied and will be managed by Fogelman.

Fogelman and LIV Development acquired The Edison through a joint venture with New York-based DRA Advisors. Since 2003, the Fogelman-DRA partnership has acquired 33 multifamily communities totaling more than 11,000  apartment homes, with an aggregate value of more than $1.5 billion. 

“We’re thrilled to further expand our longstanding partnership with both DRA Advisors and LIV Development and enter the Fort Myers submarket with the highest quality multi-family community in the MSA,” says Mike Aiken, SVP of Investments for Fogelman Properties.  “Southwest Florida continues to benefit from national migration patterns favoring the Sunbelt, with the lower cost of living coastal areas seeing outsized growth.”

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 us on Facebook, Twitter 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 Legends of Chatham apartments in Savannah, Ga.

Developed in 2015, Legends at Chatham is a 255-unit garden-style community that offers one, two and three-bedroom apartment homes. The newly acquired property is 90% occupied with rental rates ranging from $1,035 to $1,475. In conjunction with the acquisition, the community is expected to receive renovations to the unit interiors, the clubhouse and the fitness center, in addition to landscape upgrades and a redesign of the pool area.

Fogelman acquired Legends of Chatham through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the 11^th acquisition for the Fogelman-Thackeray partnership, totaling more than 2,900 units, with an aggregate value of more than $380 million.   

“We are excited to add Legends at Chatham to our expanding portfolio with Thackeray,” says Mike Aiken, SVP of Investments at Fogelman. “Migration patterns since the pandemic have accelerated in favor of southeastern cities like Savannah, and this property is located in a submarket with strong accessibility to the growing set of demand drivers in the region.”

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, announced the acquisition of Fields Waterford Point, a 334-unit multifamily community located in Lithia Springs, Ga.

Developed in three phases from 1989 to 1992, Fields Waterford Point offers one, two, and three-bedroom apartment homes with rental rates ranging from $750 to $1,300. The newly acquired property will undergo a planned rebrand to 670 Thornton in conjunction with community upgrades, including renovations to all unit interiors and community enhancements across the common area amenities. 

Fogelman acquired Fields Waterford Point through a joint venture with New York-based DRA Advisors. Since 2003, the Fogelman-DRA partnership has acquired 31 multifamily communities totaling more than 10,000 apartment homes, with an aggregate value of more than $1 billion.

"The asset was previously performing below the market occupancy level. We're now off to a strong start and have experienced meaningful growth in the first 45 days of ownership, despite closing this transaction during the pandemic,” says Mike Aiken, SVP of Investments for Fogelman Properties. “670 Thornton marks our fifth acquisition in the Atlanta market in the last 18 months. It’s another opportunity for our operational team to enhance asset performance as part of the repositioning strategy for the community.”