StoneBridge Acquires Atlanta Community for $31M

The 14 two- and three-story buildings offer 228 units. Atlanta—StoneBridge Investments announced the acquisition of 550 Abernathy Apartments in the Atlanta submarket of Sandy Springs, for $31 million. Kevin Geiger of CBRE represented the seller, an entity controlled by Harbor Group. Read More>>Multifamily Real Estate News

6 Questions Facing the Self-Storage Industry in 2017

The self-storage industry had a stellar 2016 and is looking solid this year as well. Still, there are challenges on the horizon, so keep an eye on these six trends. Read More>>Inside Self Storage

Jernigan Capital, RRB Development Co-Invest on Atlanta Self-Storage Project

Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, has closed on a $14.1 million self-storage investment with Atlanta developer RRB Development LLC. The companies intend to build a multi-story facility comprising 92,935 net rentable square feet in 1,049 climate-controlled units, according to a press Read More>>Inside Self Storage

Case Study: Vertical Village

From Memphis distribution center to mixed-use with a mission. Nobody believed Todd Richardson and McLean Wilson five years ago when they said they wanted to turn a long-vacant Sears distribution center in Memphis into an urban vertical village. At first, breathing new life into the vintage warehouse was a long shot at best. Despite a commanding appearance and Art Deco …

JV Sells Charlotte Community for $63M

The project broke ground in early 2014 and delivered the first units in late 2015. Charlotte, N.C.—Ram Realty Services and LMC announced the sale of Midtown 205, an apartment community located at 205 S. Kings Drive in Charlotte, N.C. to CWS Capital Partners for $63.35 million. Ram and LMC formed a joint venture partnership in 2013 to develop the community …

Amsdell Cos./Compass Self Storage Acquire 3 Raleigh, NC, Facilities

Compass Self Storage, a member of the Amsdell family of companies, has acquired a three-property portfolio in the greater Raleigh, N.C., area. Combined, the facilities comprise more than 265,000 net rentable square feet of storage space. The properties were purchased by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC and will Read More>>Inside Self Storage

Hunt Mortgage Group Delivers Financing for NC Property

The New York-based company provided a $10 million loan for the acquisition and renovation of 276-unit Serenity Apartments in Greensboro. Greensboro, N.C.—Hunt Mortgage Group recently announced that it has arranged a bridge loan in the amount of $10 million for a multifamily housing property in Greensboro. The first mortgage bridge loan was structured for borrower HCA Villages Greensboro LLC. Read …