Fogelman Properties (“Fogelman”), one of the country’s largest, privately-owned multifamily investment and property management companies, is pleased to announce the acquisition of The Vineyards of Germantown, a 200-unit luxury rental community located in Germantown, Tennessee. This purchase marks the company's continued expansion in its hometown market, where Fogelman currently oversees 32 communities totaling more than 7,800 units.
Built in 1997, The Vineyards features one, two and three-bedroom apartment homes with rental rates starting at $1,200 per month. The recently acquired property is 93% occupied and managed by Fogelman.
Fogelman’s investment plan includes renovations to the unit interiors, construction of a new pickleball court, as well as targeted enhancements to the clubhouse, fitness center, grilling pavilion and pool areas.
“We are extremely excited to add The Vineyards of Germantown to the Fogelman portfolio. This high-quality property is located along the rapidly growing Germantown Medical Corridor, within the most desirable suburb in the Memphis MSA,” said Mark Fogelman, Co-CEO of Fogelman. “Our investment strategy is to build on the long-term success of The Vineyards by reinvesting in the property’s amenities and apartment interiors. As a Memphis-based company founded in 1963, our acquisition of the Vineyards further reinforces Fogelman’s long- term commitment to the Memphis area.”
Fogelman acquired The Vineyards through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the 18th acquisition for the Fogelman-Thackeray partnership, totaling more than 4,000 units.
The Vineyards is Fogelman’s second acquisition over the past 45 days, following the year-end purchase of Inkwell Greenhouse, a 300-unit luxury rental community located in Katy, Texas. Fogelman’s management portfolio currently encompasses 111 communities, totaling more than 31,000 units across its 12-state footprint.
For more information, visit www.vineyards-apartments.com.
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 acquisition of Inkwell Greenhouse (“Inkwell”), a 301-unit apartment community in Katy, Texas.
Built in 2018, Inkwell features one, two and three-bedroom apartment homes with rental rates starting at $1,253 per month. The recently acquired property is 91% occupied and managed by Fogelman.
Fogelman’s investment plan includes a comprehensive rebrand, as well as new exterior paint, enhancements to the pool and outdoor pavilion area, the clubhouse, fitness center and pet spa/dog park.
"Inkwell is a tremendous addition to our portfolio. It is a high-quality, newer community in one of the best locations in West Houston,” Thomas Henry, VP of Investments at Fogelman. “Being situated within the #1-rated Houston school district makes it especially attractive to families, and we're seeing strong growth in the Katy area. We're excited to invest in upgrades that will make Inkwell an even better place to call home, while supporting the continued growth of this thriving community."
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 acquisition of a 250-unit apartment community located in Villa Rica, Georgia, a western suburb of Atlanta. Formerly known as Hawthorne at Mirror Lake, the property will be renamed as part of a rebranding initiative aligned with extensive renovations and amenity enhancements.
Built in two phases in 2003 and 2018, the newly acquired community features one, two and three-bedroom apartment homes within the established Mirror Lake planned development. The property is currently 96% occupied and will be managed by Fogelman. Planned upgrades include comprehensive interior unit renovations, updated signage, enhancements to the pool and outdoor pavilion area, repurposing of the tennis court and improvements to the community playground and dog park.
“Villa Rica is a vibrant and fast-growing community just 30 minutes west of downtown Atlanta,” says Mike Aiken, SVP of Investments at Fogelman. “Its location within the established Mirror Lake master-planned development, along with strong population growth and ongoing retail and infrastructure investment, makes this property a strategic addition to our portfolio.”
For more information, visit www.fogelman.com.
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 acquisition of The Fenwick, a newly rebranded community formerly known as Advenir at Eagle Creek. Fogelman acquired the 258-unit apartment community in Humble, Texas, a city in the Houston metropolitan area, and has since renamed it to align with upcoming renovations and property enhancements.
Built in 2008, The Fenwick features one, two and three-bedroom apartment homes with rental rates starting at $1,094 per month. The recently acquired property is 91% occupied and managed by Fogelman. Fogelman’s investment plan includes upgrades to the interior units, amenity areas, clubhouse, dog park and landscaping.
Fogelman acquired The Fenwick through a joint venture with the Dallas-based company, Thackeray Partners. The closing marks the 17th acquisition for the Fogelman-Thackeray partnership, totaling more than 4,000 units.
“We are delighted to expand our partnership with Thackeray and add The Fenwick to our growing portfolio, which now totals 100 communities and 28,000 units,” says Thomas Henry, VP of Investments at Fogelman. “Humble continues to be an attractive submarket within the Greater Houston area, offering convenient access to major employment hubs, top-rated schools and a wealth of retail and recreation options.”
For more information, visit www.thefenwickhouston.com.
Fogelman, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce Tim Berger as the company’s new Senior Vice President of Information Technology.
Berger brings 25 years of experience in IT, including 10 years in multifamily, to his new role at Fogelman. As SVP of IT, Berger is responsible for creating, executing and supporting the overall business strategy for information technology, multifamily software platforms and next-generation technology to position the company for future business growth. Berger will be based in the Memphis Fogelman office and lead multiple teams including IT infrastructure, shared services, data/reporting, revenue management and telecom.
"We are thrilled to welcome Tim to our team as the new Senior Vice President of IT," expressed Melissa Smith, Chief Administrative Officer at Fogelman. "Tim's extensive expertise will greatly benefit Fogelman as we continue to centralize our technology and implement new forms of AI to align with the dynamic and ever-changing industry landscape."
Berger most recently served as the Chief Information Officer at Walton Communities in Atlanta, Georgia, where he led the integration of automation strategies, oversaw cybersecurity programs and launched new company innovations such as ServiceNow and Yardi Data Connect. Berger also served as Senior Director of IT Infrastructure and Operations at Mid-America Properties and the Director of IT at Oxford Industries. He earned a Bachelor of Science degree in Electrical Engineering with a minor in Computer Science from the University of Alabama before transitioning to his current career path.
For more information about Fogelman Properties, visit www.fogelman.com.
Fogelman Properties (“Fogelman”), one of the country’s largest privately-owned multifamily firms, is pleased to announce that it was named as Newsweek's 2023 Top 100 Most Loved Workplaces®. The annual list recognizes companies that have created a workplace where employees feel respected, inspired and appreciated and are at the center of the business model.
In collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company, the rankings were determined after surveying more than two million employees from businesses with workforces varying in size from 50 to more than 100,000.
“We are incredibly honored to be recognized on the coveted Top 100 Most Loved Workplaces® list. It is especially meaningful during our 60th anniversary and underscores our dedication to creating a workplace where team members thrive,” says Mark Fogelman, president of Fogelman. “We attribute the ranking to our collaborative culture, experienced team and unwavering commitment to excellence.”
Since 1963, the company has evolved from a local Memphis family-owned business to a leader in multifamily with more than 100 communities and 650 associates across 13 states in the Southeast, Southwest and Midwest. Fogelman has a trusted team of tenured experts with its leadership team averaging 20+ years in multifamily, and more than a decade of dedicated service at Fogelman. Today, Fogelman operates a portfolio of more than 30,000 apartment homes and more than $4.5B in asset value.
The key areas included in the analysis are based on how well companies demonstrate the areas within the Spark Model as defined by BPI including Systemic Collaboration, Positive Vision of the Future, Alignment of values, Respect and Killer Achievement. Employee sentiments and emotions indicating how engaged employees are, how positive they feel about their workplace and how committed they are to the organization’s success were analyzed to identify the Top 100 Most Loved Workplaces®.
“Fully understanding and acting upon employee sentiment, emotion and recommendations continues to be a challenge and top priority of executive leadership,” said Louis Carter, CEO of Best Practice Institute. “The companies on this list have committed to listening carefully to their employees to create a workplace employees love.”
“With the rapidly changing workplace and competition for top talent, more companies are recognizing the importance of employee engagement and commitment,” said Nancy Cooper, Global Editor in Chief, Newsweek. “The workplaces that have demonstrated a commitment to their employees in 2023 are more likely to attract the best talent and deliver strong business outcomes.”
For the complete Newsweek list of 2023’s Most Loved Workplaces, please visit https://www.newsweek.com/rankings/most-loved-workplaces-america-2023.
