Memphis’ multifamily housing market is ‘leveling off’
“More people are choosing Memphis as other cities have gotten more expensive,” said Mark Fogelman, president of Fogelman Properties.
There are 18 article(s) tagged Fogelman Properties:
“More people are choosing Memphis as other cities have gotten more expensive,” said Mark Fogelman, president of Fogelman Properties.
Colliers commercial real estate firm announces promotions and an addition; PRSA Memphis Chapter honors public relations leaders at the VOX Awards, and Fogelman Properties appoints CFO.
The Memphis-based real estate and investment firm has acquired six properties so far in 2022, including two in Shelby County.
With rents up more than 17% nationally over this time last year, the most user-friendly amenities are add-ons that do not cost residents more.
The historic Oliver and Stewart buildings Downtown are being transformed into an apartment complex.
While Memphis-based Fogelman Properties doesn’t have real estate interest in Haywood County, president Mark Fogelman said his experience in regions like Chattanooga following Volkswagen’s investment could be used to gauge what could happen in West Tennessee.
“The new trolley stop will complete the mission of the Downtown Mobility Center by bringing key transportation means together at one site in Downtown Memphis.”
Over the last three years, Memphis-based Fogelman Properties has purchased 16 properties, totaling 4,829 units worth a combined $706 million.
Robert Fogelman was devoted to numerous civic causes, particularly providing support to the University of Memphis.
Since 2003, the Fogelman-DRA partnership has purchased 34 apartment communities totaling more than 11,000 units, with an aggregate value of more than $1.5 billion.
Fogelman and DRA Advisors have acquired 33 apartment communities since 2003.
The property will undergo a rebrand to 670 Thornton in conjunction with community upgrades, including renovations to all unit interiors and community enhancements across common area amenities.
Fogelman Properties recently announced the acquisition of two apartment communities – Lakeside at Arbor Place in Douglasville, Georgia, and Retreat at Steeplechase in Houston, Texas – totaling 636 units.
Memphis-based Fogelman Properties, one of the nation’s largest privately owned multifamily investment and property management companies, has made its third acquisition of 2019.
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