Fogelman Properties Accelerates Growth in Atlanta with 2017 Portfolio Expansion & New Development

Staff Report From Metro Atlanta CEO

Wednesday, November 29th, 2017

Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce that its portfolio experienced major growth in the Atlanta market during 2017 by surpassing 4,400 apartment homes spread among 17 local communities.
 
The Memphis, Tenn.-based company has owned and managed apartment communities in the region for more than 30 years and currently has more than 110 local employees. Fogelman’s largest regional office is located in Atlanta, and is headed by local industry veteran and company chief operating officer, Justin Marshall.
 
“We have continued to enjoy another successful year in Atlanta as our local portfolio saw meaningful growth in 2017,” says Justin Marshall, COO of Fogelman Properties. “We are also very excited to see our newest development, 1760, which opened in early 2017, has been well received by the market and is already approaching 80% occupancy. Success was made possible thanks to the local team of 110 Fogelman associates who put forth their best in providing excellent services to our residents and clients while continuing to produce ‘top of the market’ results.”   

With the expanded portfolio and new developments well underway, Fogelman Properties is now one of the largest management companies in Atlanta with 17 communities and more than 4,400 apartment homes. These communities include:

·       Rosemont – 270 Units

·       1900 Vinings – 320 Units

·       Belmont – 344 Units

·       CityNorth – 357 Units

·       Hamptons East Cobb – 196 Units

·       Autumn Ridge – 113 Units

·       Wynfield Trace – 146 Units

·       Charlestown – 184 Units

·       Sugarloaf Crossing – 262 Units

·       St. Andrews – 228 Units

·       Estates at Crossroads – 344 Units

·       Grove Pointe – 312 Units

·       Cobblestone – 248 Units

·       Two Blocks – 400 Units

·       Twenty Five 25 – 238 Units

·       Park Summit – 148 Units

·       1760 (New Development) – 239 Units

Fogelman’s current stabilized portfolio in Atlanta has experienced average occupancy of 95% in 2017, with projected revenue growth of 5%.