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 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 two communities: Legends at Charleston Park, located in Charleston SC and Westridge, located in Jacksonville, Fla.

Developed in 2005, Legends at Charleston Park is a 232-unit garden style community that offers one, two, and three-bedroom apartment homes. The newly-acquired property is 94% occupied with rental rates ranging from $970 to $1,450. Legends at Charleston Park is expected to receive enhancements to the common area amenities and upgrades to unit interiors in connection with the investment.

Westridge was built in 2008 and consists of 312 apartment homes ranging from one to three-bedrooms. The recently-acquired Jacksonville community is 95% occupied with rental rates ranging from $870 to $1,200. As part of the investment plan, Westridge will undergo a full re-branding which includes a multi-million dollar property renovation. 

Fogelman acquired both communities through a joint venture with the Dallas-based company, Thackeray Partners. Since 2015, the Fogelman-Thackeray partnership has acquired seven multifamily communities totaling more than 1,800 units, with an aggregate value of over $220 million.

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“We are thrilled to add both Legends at Charleston Park and Westridge to our growing portfolio with Thackeray,” says Mark Fogelman, President of Fogelman Properties. “Both communities are located in prime submarkets in growing MSA’s with a strong economic outlook. As active investors and seasoned property managers, we look forward to continued growth within our long-standing relationship with Thackeray Partners.”

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce Phase I of the Tennessee Brewery is now completely leased.

The first phase of the mixed-use community is currently 100% leased and accomplished stabilization in record time with leasing complete less than five months after the first units moved into the main Tennessee Brewery building. 

“The Tennessee Brewery has quickly become one of most profiled Memphis development projects and is a proven success story of adaptive reuse in Memphis,” says Mark Fogelman, President of Fogelman Properties. “Billy and his team took an old, dilapidated building and radically transformed it into an incredibly vibrant development with marketable rents and exceptional features.”

According to Fogelman, the property opened its doors in late December 2018 and has since become the real estate company’s fastest “opening to stabilization” community during this cycle.

“We’re thrilled to see the response to the Tennessee Brewery and remain quite impressed with our team’s ability to quickly activate the space and execute on the strategic marketing plan,” says Billy Orgel, lead developer for 495 TN Partners. “We look forward to continued excitement and demand around the project as we improve the retail mix of the neighborhood and transform a key area in downtown Memphis.”

Construction on Phase II of the Tennessee Brewery, which includes an additional 121 units, will begin early July 2018 with expected delivery in summer 2019. 

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 Mike Aiken as Vice President of Acquisitions.

Mike brings more than 12 years of real estate experience to his new role at the Memphis, Tenn.–based multifamily real estate services company and will be a key player in Fogelman’s overall acquisition strategy. The new vice president of acquisitions will be responsible for leading the effort of Fogelman’s multifamily acquisition, through sourcing, evaluation, and closing of Fogelman’s real estate investments.

“Mike brings a deep wealth of knowledge and extensive understanding of relevant market dynamics,” says Rick Fogelman, CEO of Fogelman Properties. “We look forward to his contributions on the leadership team as they will significantly impact the growth of Fogelman Properties.”

The real estate professional comes to Fogelman from Bell Partners where he served as both the Director of Investments and Investment Manager in leading acquisition sourcing and disposition efforts. During his time at Bell Partners, Mike completed more than $1B in acquisitions and dispositions within the Atlanta, Austin, Baltimore, Boston, Central Florida, Dallas-Fort Worth, Nashville and Washington, D.C. markets.

Prior to Bell Partners, Mike served in associate roles at Eastdil Capital Markets, Cousins Properties and Trimont Real Estate Advisors. The new Fogelman team member earned his MBA at The University of North Carolina at Chapel Hill and his bachelor’s degree at Georgia State University. Aiken served as the past committee chairman for the Atlanta Boys and Girls Club, “Club Blue” program and currently serves as a board member of NMHC Emerging Leaders.  

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 Mike Aiken as Vice President of Acquisitions.

Mike brings more than 12 years of real estate experience to his new role at the Memphis, Tenn.–based multifamily real estate services company and will be a key player in Fogelman’s overall acquisition strategy. The new vice president of acquisitions will be responsible for leading the effort of Fogelman’s multifamily acquisition, through sourcing, evaluation, and closing of Fogelman’s real estate investments.

“Mike brings a deep wealth of knowledge and extensive understanding of relevant market dynamics,” says Rick Fogelman, CEO of Fogelman Properties. “We look forward to his contributions on the leadership team as they will significantly impact the growth of Fogelman Properties.”

The real estate professional comes to Fogelman from Bell Partners where he served as both the Director of Investments and Investment Manager in leading acquisition sourcing and disposition efforts. During his time at Bell Partners, Mike completed more than $1B in acquisitions and dispositions within the Atlanta, Austin, Baltimore, Boston, Central Florida, Dallas-Fort Worth, Nashville and Washington, D.C. markets.

Prior to Bell Partners, Mike served in associate roles at Eastdil Capital Markets, Cousins Properties and Trimont Real Estate Advisors. The new Fogelman team member earned his MBA at The University of North Carolina at Chapel Hill and his bachelor’s degree at Georgia State University. Aiken served as the past committee chairman for the Atlanta Boys and Girls Club, “Club Blue” program and currently serves as a board member of NMHC Emerging Leaders.  

 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 328-unit Lake Cameron Apartments, located in Raleigh, North Carolina.

 Built in 1988, the community is currently 95% occupied and offers one, two, and three-bedroom apartment homes ranging from $848-$1,249 per month. The newly-acquired property is expected to receive upgrades to unit interiors in connection with the investment, and community enhancements across the common area amenities including the clubhouse, pool area and fitness center, community playground, grilling pavilion and dog park.

 Fogelman acquired Lake Cameron Apartments through a joint venture with New York-based DRA Advisors. Since 2003, the Fogelman-DRA partnership has acquired 26 multifamily communities totaling more than 8,800 apartment homes, with an aggregate value of more than $780 million.

 “We are thrilled to further expand our longstanding partnership with DRA and add this high-quality asset to our local Raleigh portfolio,” says Rick Fogelman, CEO of Fogelman Properties. “As active investors and seasoned property managers with 30+ years’ experience in the local market and more than 4,000 apartment homes in our DRA partnership, we look forward to continued growth across the Raleigh-Durham region and within our long-standing relationship with DRA Advisors.”