Tuesday, April 20, 2010

Engler Financial Presents Prime Properties in Florida and South Carolina

ATLANTA, GA--Engler Financial Group, LLC is proud to present Alexan Back Beach, (top left photo)  an upscale 360-unit apartment community located in Panama City Beach, Bay County, Florida.

Built in 2007, Alexan Back Beach offers market-leading community amenities and an outstanding location near Simon's new Pier Park regional mall, major employers, and pristine Gulf of Mexico beaches.

Alexan Back Beach is being offered for sale on an unpriced basis and represents an excellent opportunity to purchase a Class “A+” apartment community in one of the Florida Panhandle's fastest growing markets.

The operations at the property continue to excel. Alexan Back Beach is currently 99.4% leased and 93.3% occupied. Concessions continue to decline since stabilizing.

Financial Update on Alta Brookwood in Greenville, SC

Alta Brookwood’s March financials and an analysis of the ten (10) most recent leases are now available online for review. March collections grew 2.8% over the previous month and 6.6% over the trailing six month average.

Concession reduction continues as a result of the property’s improving occupancy.

The property is currently 97% occupied and effective rents on the last ten leases are up more than 9% over current in place figures.

If you would like to schedule a tour of the property, please contact Kris Mikkelsen at your earliest convenience at (678) 992-2000, extension 4 or kmikkelsen@efgus.com.

Greg Engler, CEO/President, 678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
 Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com