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: Lakeside at Arbor Place, located in the west metropolitan Atlanta suburb of Douglasville, Ga., and Retreat at Steeplechase, located in Houston, Texas.

Built in two phases in 1988 and 1996, Lakeside at Arbor Place is a 246-unit apartment community located in Atlanta’s most active commercial and logistics hub within minutes from downtown, Cumberland-Vinings and Hartsfield-Jackson International Airport. The community is 96% occupied and offers one, two, and three-bedroom apartment homes. Lakeside at Arbor Place will be managed by Fogelman with rental rates ranging from $904 to $1,385. The community is expected to receive full renovations to unit interiors, the clubhouse and the fitness center, in addition to landscape upgrades.  Lakeside at Arbor Place was acquired in a joint venture with Fogelman and Dallas-based company, Thackeray Partners. The closing marks the third acquisition for the Fogelman-Thackeray partnership in the last year and grows Fogelman’s Atlanta portfolio to more than 4,700 units.  

Built in 1998, Retreat at Steeplechase is a 390-unit resort-style apartment community located in northwest Houston and minutes from FM 1960, Willowbrook Mall and the West Houston Energy Corridor. The community is 94% occupied and offers one, two, and three-bedroom apartment homes. Retreat at Steeplechase will also be managed by Fogelman. As part of the investment plan, Retreat at Steeplechase will receive upgrades to the unit interiors, exteriors, clubhouse and pool area. Fogelman acquired Retreat at Steeplechase through a joint venture with New York-based company, DRA Advisors. The closing marks the third acquisition for the Fogelman-DRA Advisors partnership in the last year and grows Fogelman’s Houston portfolio to more than 1,300 units.  

With the September closings, Fogelman’s 2019 investment activity surpassed 2,000 apartment homes totaling more than $267 million in investment activity.     

“We are thrilled to add both Lakeside at Arbor Place and Retreat at Steeplechase to our growing portfolios with Thackeray and DRA Advisors,” says Mike Aiken, VP of Acquisition at Fogelman. “Both communities are located in prime submarkets with strong economic outlooks and excellent access to sought-after school systems and nearby employment corridors. As active investors and experienced property managers, we look forward to the continued relationship expansion with two long-time partners.”

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 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 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 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 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.