Saturday, November 22, 2014

Chatham Lodging Completes Inland American Acquisitions

Jeffrey H. Fisher
PALM BEACH, FL —Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium-branded, select-service hotels, announced that it completed the previously announced acquisition of a 52-hotel, 6,976-room portfolio from Inland American (Inland). 

The combined total purchase price was approximately $1.1 billion, before deal costs and funding of escrows.

Chatham acquired four hotels as part of the sale of the 52-hotel portfolio for a purchase price of $106.7 million, or approximately $186k per room, before deal costs.  The four hotels are comprised of the following:

·         179-room Hilton Garden Inn Burlington, Mass.
·         176-room Courtyard by Marriott Dallas (Addison), Texas
·         120-room Residence Inn by Marriott West University Houston, Texas
·         100-room Courtyard by Marriott West University Houston, Texas

“These top-tier branded hotels expand our presence in some of the country’s best hotel markets and match our strategy of targeting specific high growth markets based on growing corporate demand tied to the technology, medical and oil and gas industries,” said Jeffrey H. Fisher, Chatham’s chief executive officer and president. 

Hilton Garden Inn, Burlington, MA
“Given our confidence in the health of the hotel industry, we will continue to be net buyers of high-quality hotels.”

The remaining 48 upscale extended-stay hotels and premium-branded, select-service hotels were purchased by a joint venture comprised of NorthStar Realty Finance Corp (NYSE: NRF), a diversified commercial real estate company that is organized as a REIT, and Chatham for a purchase price of $964 million before deal costs and funding of escrows, or $151k per room.

NorthStar owns a 90 percent ownership interest in the joint venture, and Chatham owns a 10 percent interest. Chatham acquired its 10 percent equity interest in the joint venture for approximately $28 million.

Courtyard by Marriott, Dallas, TX
Chatham financed the investments with available cash and borrowings under its revolving credit facility of $69 million. 

In late September, Chatham issued 6.9 million common shares, generating net proceeds of approximately $144.6 million, which was used at the time to repay any borrowings outstanding on its revolving credit facility. 

All four of the Chatham wholly-owned hotels and 34 of the 48 hotels owned by the joint venture will be managed by Island Hospitality Management, a hotel management company that currently is 90 percent owned by Fisher.

 For a complete copy of the company’s news release, please contact:

Chris Daly                                                                                   
Daly Gray Public Relations                                                    
(703) 435-6293                                                                          

Dennis Craven
Chatham Lodging Trust
 (561) 227-1386  

Post Properties Announces Quarterly Dividends and New Stock and Note Repurchase Program

ATLANTA, GA --(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, announced quarterly dividends on its common stock of $0.40 per share for the fourth quarter of 2014. 

The dividend is payable on January 15, 2015 to all common stockholders of record as of January 2, 2015.

Post also announced regular quarterly dividends on its 8.5 percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for the fourth quarter of 2014. 

The dividend is payable on December 31, 2014 to all Series A preferred stockholders of record as of December 15, 2014.

In addition, Post announced that its Board of Directors has adopted a new stock and note repurchase program under which Post may repurchase up to an aggregate of $200 million of its common stock or preferred stock or its operating partnership’s senior unsecured notes from time to time until December 31, 2017. The new stock and note repurchase program replaces a substantially similar program that is currently set to expire at the end of 2014.

 For a complete copy of the company’s news release, please contact:

Post Properties, Inc.

Chris Papa, 404-846-5000

CBRE Arranges $22.2 Million Sale of Luxury Orlando, FL Apartments

Vista Verde Apartments, Orlando, FL
Orlando, FL –  CBRE Capital Markets arranged the sale of Vista Verde Apartments, located at 1658 S. Hiawassee Road in Orlando, FL, for $22.2 million.

The 200-unit luxury apartment community was completed in 1990 and has a current occupancy of 97%.

CBRE exclusively represented the seller in the transaction, Karlin Real Estate out of Los Angeles.

 Shelton Granade, Executive Vice President of CBRE Capital Markets, Multifamily, said, “Multifamily offerings in Orlando are continuing to draw a diverse and deep pool of investors,
particularly on well-located assets like Vista Verde.

“Upgraded units in this South Orange County submarket are achieving $100/month premiums, and new ownership has the tremendous opportunity to generate additional returns through modest interior renovations.”

Shelton Granade
Located 15 minutes from downtown Orlando and just 10 minutes to Orlando’s “Restaurant Row” in the Dr. Phillips area, and five minutes to the upscale Mall at Millenia, the community offers golf course views and luxury features such as a large resort-style pool and sun deck, private garages, barrel tile roofs, and full-size washers and dryers in all units.

Shelton Granade, Luke Wickham, and Justin Basquill led the sales effort for CBRE, and have closed more than $1.5 billion in apartment sales in Central Florida since 2013 to date.

 For a complete copy of the company’s news release, please contact:

Elizabeth Cross
Marketing Director, FL

Daniel Jimenez
Communications Specialist

BKM Capital Partners Adds Five Team Members Including John J. Mack, Former CEO/Chairman of Morgan Stanley

John J. Mack
IRVINE, CA  – BKM Capital Partners has formally announced its Board of Advisors, which includes former CEO/Chairman of Morgan Stanley, John J. Mack, Paul Dolinoy, former President of Equitable Real Estate Investment Management, and Jeff Gehl, Managing Principal and co-founder of RCP Advisors.

These three business leaders join BKM’s co-founders Brian Malliet and Nima Taghavi on the board.

The firm has also hired two executive staff fund management experts, Michael Hernstad and Charlie Ittner, according to Brian Malliet, CEO and Co-Founder of BKM.

Paul J. Dolinoy

BKM Capital Partners is a fund manager and operator platform targeting value-add, multi-tenant industrial real estate in the Western U.S.

The firm has made five acquisitions with combined capitalization of over $70 million in 2014 on behalf of its first commingled fund, BKM Industrial Value Fund I.

For a complete copy of the company’s news release, please contact:

Jenn Quader
Brower, Miller & Cole
(949) 955-7940

SoulCycle Inks Lease at Related Midwest’s OneEleven in Chicago, IL

SoulCycle Founders Elizabeth Cutler (left) and Julie Rice

Oprah Winfrey
CHICAGO, IL – Related Midwest  announced that SoulCycle®, the country’s premier indoor cycling brand known for its high-energy workouts that combine cycling with dance, has signed a 4,200-square-foot lease at OneEleven, the developer’s 60-story ultra- luxury apartment tower at 111 W. Wacker Drive.

Scheduled to open next fall, the cycling studio will serve one of the fastest-growing downtown areas in the country and complement OneEleven’s existing suite of amenities designed to promote the health and well-being of its residents.

“SoulCycle has become the go-to cycling studio in cities like New York and Los Angeles, so it’s exciting to have OneEleven represent the company’s first location in Chicago’s Loop,” said Curt Bailey, president of Related Midwest.

 “Their unique and inspirational programming is a seamless fit with the active lifestyle of the people who live and work in downtown Chicago.”
Founded in 2006 by Elizabeth Cutler and Julie Rice, SoulCycle has developed a loyal following of fitness enthusiasts over the years, including high-profile celebrities like Oprah Winfrey, Madonna and Lady Gaga.

The chain’s 45-minute workouts, which take place in dimly lit studios designed to look more like a nightclub than a health club, are synced to one-of-a-kind playlists and involve core-engaging choreography, upper-body weight training and inspirational coaching that seeks to benefit both the body and mind.
The SoulCycle chain currently has 32 locations nationwide, with plans to open more than 60 studios, including select international locations, by 2016. The company’s first Chicago studio, located in the Old Town neighborhood, is scheduled to open early next year.

Lady GaGa
“As one of the largest and most bike-friendly cities in the country, Chicago was a logical place for us to expand our brand,” said Elizabeth Cutler, co-CEO and co-founder of SoulCycle.

 “Each day, more than 10,000 riders leave our studios feeling mentally and physically stronger, and we’re excited to invite Chicagoans along for the ride.”

Located on the first level of OneEleven, with an entrance along Wacker Drive, the SoulCycle studio will feature stationary bikes, men’s and women’s locker rooms and a SOUL boutique that will sell the chain’s own line of clothing and accessories.

Curt Bailey
Customers have the choice of enrolling in individual classes, or purchasing a block of classes at a discounted rate.

“The forward-thinking design of OneEleven perfectly suits SoulCycle’s innovative approach to fitness,” said Bailey.

 “The addition of SoulCycle not only strengthens OneEleven’s position as a downtown destination, but also adds to the amenity offerings already available to residents of the building.

“With an indoor pool, world-class fitness center and, now, a premier cycling studio, OneEleven makes it easy for residents to stay fit and healthy all year long.”

Located at the southwest corner of Clark Street and Wacker Drive, the riverfront tower features 504 luxury apartment residences, two amenity levels and 32,000 square feet of first-level retail space. SoulCycle is OneEleven’s first commercial tenant.
For a complete copy of the company’s news release, please contact:

 Abe Tekippe,, (312) 267-4528
Julie Liedtke,, (312) 267-4521

MG Properties Group Acquires Arizona and California Multifamily Communities for $50 Million Total

Garden Grove Apartments, Tempe, AZ
San Diego, CA --  MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of two multi-family properties; the 376-unit Garden Grove Apartments in Tempe, Arizona and the 72-unit Bella Vista Apartments in Napa, California.

Mark Gleiberman
 “Both acquisitions leverage our existing management platform, creating operational efficiencies and allowing us to scale our portfolio in high-quality markets with strong growth potential” according to Mark Gleiberman, MG Properties Group’s President.

Tempe, Arizona:

Built in 1988, Garden Grove Apartments is an upgraded, conveniently located infill property in south Tempe, with easy access to the I-10 freeway and surrounded by a variety of retail amenities.

 MG Properties Group plans to invest nearly $1.5 million in capital improvements and plans to enhance the property’s common area amenities to improve the  ambiance for current and prospective residents, including performing landscaping improvements and upgrading the fitness facility and pools.

 The improvements will capitalize on the strong market conditions in Phoenix.

Bella Vista Apartments, Napa, CA
 Garden Grove Apartments was purchased for $35.6 million from MetLife, Inc. The acquisition was financed with a 10-year fixed-rate mortgage from Fannie Mae, arranged by CBRE.

Napa, California:

Built in 1972, Bella Vista Apartments is a well-maintained and conveniently located property in central Napa. 

  MG Properties Group plans to invest approximately $500,000 in capital improvements. The property’s central location is one block from the Queen of the Valley Medical Center, near the CA-29 highway, and convenient to commercial and retail centers.

Rob Singh
Bella Vista was purchased for $14.075 million from Trinity Real Estate. The acquisition was financed with a 10-year fixed-rate mortgage from Fannie Mae, arranged by Key Bank.

According to Rob Singh, MG Properties Group Chief Investment Officer, “both properties are in strong sub-markets and therefore should benefit from long-term rental rate growth.”

For a complete copy of the company’s news release, please contact:

Lexi Astfalk or Jenn Quader
Brower, Miller & Cole
(949) 955-7940

HFF closes sale of 604-unit multi-housing community in suburban Denver, CO

Sonoma Resort at Saddle Rock, 21904 East Ontario Drive,  Aurora, CO

 DENVER, CO – HFF announced it has closed the sale of Sonoma Resort at Saddle Rock, a 604-unit, Class A, garden-style, multi-housing community in Aurora, Colorado, an eastern Denver suburb. 

Jordan Robbins
               HFF marketed the property on behalf of the seller, a joint venture between The Bascom Group and GE Capital Real Estate.  An investor purchased the property for an undisclosed amount free and clear of existing debt.

               Sonoma Resort at Saddle Rock was originally built as two separate properties in 2001 and 2002 and sits on 19.45 acres at 21904 East Ontario Drive in Aurora. 

The now-combined property is located about 10 minutes east of the Denver Tech Center, one of metro Denver’s main employment centers and home to the headquarters of seven Fortune 500 companies.

 The 97-percent occupied property includes 30 two- and three-story buildings with one-, two- and three-bedroom units averaging 923 square feet each.  

Sean Deasy
Community amenities include two fitness centers, a business center, two resort-style clubhouses and pools with a Jacuzzi, an outdoor barbeque area and a playground.

               The HFF investment sales team representing the seller was led by director Jordan Robbins along with co-head of HFF’s national multi-housing investment sales platform, Sean Deasy, associate director Jeff Haag and real estate analyst Jared Buffington.

               “Sonoma Resort at Saddle Rock is located in a very high demographic submarket within one of Colorado’s best school districts,” Robbins said.  

“There is very little new competition within proximity, resulting in significant rent growth over the last 12 months, which should continue for the foreseeable future.  The asset was highly sought after.”

Jeffrey Haag
GE Capital Real Estate is an extension of GE's rich heritage of building and supporting growth. Since 1973, they have been investing in the commercial real estate sector and currently have debt and equity activities across North America, Europe and Asia-Pacific.  

Businesses that work with GE Capital Real Estate benefit from the global know-how and expertise of GE.  Learn more at

The Bascom Group, LLC ( is a private equity firm specializing in value-added multifamily, commercial, non-performing loan, real estate-related investments and operating companies.  

Bascom sources value-added and distressed properties, including many through foreclosure, bankruptcy, or short sales and repositions them by adding extensive capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management.

  In its history, Bascom has acquired and renovated 250 properties totaling over 68,000 apartment units.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

HFF closes sale of regional power center in Medford, OR

Medford Center, Medford, OR

Nicholas Bicardo
PORTLAND, OR – HFF announced it has closed the sale of Medford Center, a 335,043-square-foot, movie theater-anchored regional retail center in Medford, Oregon.

               HFF marketed the properties on behalf of the seller, Kimco Realty Corporation.  LBG Realty Advisors, LLC purchased the asset free and clear of debt.       

Medford Center is situated on 30.14 acres at 501-1093 Medford Center at the intersection of Biddle Road and East Jackson Street along Medford’s main Biddle Road retail corridor with direct access to Interstate 5. 

Most recently renovated in 1997, the center is 87 percent leased to a variety of national and regional tenants, including Sears, Cinemark Theatres, International Fitness, Ashley Furniture HomeStores, Rogue Air Park and John L. Scott Real Estate. 

               The HFF investment sales team representing the seller was led by managing director Nicholas Bicardo, director Nick Kucha and real estate analysts Logan Greer and Brandon Rogoff.

Nick Kucha
“Medford Center received very strong interest from private and institutional buyers targeting non-primary markets,” Bicardo said.  

“We continue to see no shortage of equity and/or debt capital chasing yield in these types of markets.  Medford Center is a great entree into the Pacific Northwest given the size and tenancy. ”

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York, that owns and operates North America’s largest publicly-traded portfolio of neighborhood and community shopping centers. 

  As of September 30, 2014, the company owned interests in 814 shopping centers comprising 117 million square feet of leasable space across 41 states, Puerto Rico, Canada, Mexico and South America.  

Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

Logan Greer
 For further information, please visit, the company’s blog at, or follow Kimco on Twitter at

LBG Real Estate Companies, LLC is a private real estate investment company actively involved in purchasing and redeveloping value-add and opportunistic shopping centers located in California, Las Vegas, Utah, Michigan and throughout the Western States.  

LBG's extremely diligent and entrepreneurial approach to investing and execution has resulted in tremendous returns for its investors that far exceed the typical benchmarks.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

HFF arranges $14.5 million combined financing for regional power center in Birmingham, AL

Tucker Knight
HOUSTON, TX – HFF announced it has arranged a combined $14.5 million in financing for the acquisition of Eastwood Village a 134,256-square-foot regional power center in the affluent Mountain Brook area of Birmingham, Alabama.

               HFF worked on behalf of Morrison Companies to secure the 10-year, fixed-rate, securitized loan through Redwood Trust.  The financing consists of a $12.9 million senior loan and a $1.6 million mezzanine loan.

Eastwood Village is situated on 5.5 acres at 1604-1624 Montclair Road in the eastern Birmingham area of Mountain Brook, an area with an average annual household income of more than $75,000. 

The retail center is near the intersection of U.S. Highway 78 (Crestwood Boulevard) and Oporto Madrid Boulevard with a traffic count exceeding 46,000 vehicles per day. 

Michael F. Johnson
Completed in 2007, the center consists of two single-story buildings and two outparcels that are 99 percent leased to Ross Dress for Less, Office Depot, Party City, Show Carnival, Starbucks, T-Mobile, Game Stop and Tuesday Morning.  Additionally, Eastwood Village is shadow-anchored by a 24-hour Walmart Supercenter.

The HFF team representing the borrower was led by managing director Tucker Knight, associate director Tyler Ford and real estate analyst Michael Johnson.

The Morrison Group of Companies owns, operates and develops commercial and industrial properties throughout the Southeast United States.  

Current projects are located in Louisiana, Arkansas, Alabama, Georgia, South Carolina and North Carolina.  For more information, visit
For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

Lincoln-Led Joint Venture Breaks Ground on Class A Industrial Building in Miami, FL

Roy Paskow
MIAMI, FL – A joint venture between Lincoln Property Company and a real estate fund advised by Crow Holdings Capital Partners has broken ground on Turnpike Park, a Class A, 136,500-square-foot industrial building in Miami’s Medley submarket.

 Completion of the front-load, shallow-bay facility is slated for second-quarter 2015. 

Americas Industrial Realty Corp. will lease the building, which is located along the Florida Turnpike, just south of the Okeechobee Road exit.

“With today’s tenants seeking warehouse space that will allow them to operate more efficiently, we are extremely confident in the future of Turnpike Park,” said Roy Paskow, senior vice president of Lincoln who oversees the firm’s Miami office.

 “With its many features that will promote efficiency for its tenants, and its prime location with over 350 feet of frontage along the Florida Turnpike, this is a development that is poised to lease quickly.”

For a complete copy of the company’s news release, please contact:

 Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

MHA Brokers Sale of Tuscaloosa, AL Apartment Community

University Village Student Apartments, Tuscaloosa, AL

BIRMINGHAM, AL — Multi Housing Advisors (MHA) has arranged the sale of University Village, a 456-unit, 1,164 bed purpose built student apartment community in Tuscaloosa that serves the University of Alabama and Shelton State.

 Jimmy Adams and Brian Savage of MHA’s Birmingham, Alabama, office represented the seller, BP Building & Land Co. LLC, in the transaction.

“With college enrollment growing every year, off-campus student housing has been a hot market for investors,” Adams said. “The property is very well occupied, and is likely to remain so for years to come.”

Jimmy Adams
CEV Tuscaloosa LP, a Campus Evolution affiliate, acquired the 35-acre property, located at 800 31st Street. 

University Village was built between 2006 and 2009. Amenities include eight resort-style pools, two tennis courts, tanning salon, a running track, putting green, computer lounge, fitness center, car wash, sand volleyball court, game room and a multi-media theater.

“The timing for the acquisition of this asset is excellent,” Savage said. “With the adoption of changes aimed at restricting new large scale student housing developments in this market, along with the continued expansion and increased enrollment at UA, the outlook for this property and the others in Tuscaloosa should be bright.”

For a complete copy of the company’s news release, please contact:

 Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

Lincoln Brokers $1.24 Million Sale of Building in Avalon Center Office Park in Norcross, GA

Denton Shamburger
ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has brokered the $1.24 million sale of 3135 Avalon Ridge Place, a 16,983-square-foot office building in the Avalon Center Office Park in Norcross in metro Atlanta.

Denton Shamburger, a vice president in Lincoln’s Atlanta office, and Jeff Henson, a senior associate in Lincoln’s Office Leasing Group, represented the seller. Custard Insurance Adjusters purchased the building and was represented by Paul Hanna of JLL.

Custard Insurance Adjusters occupied just more than 6,000 square feet of the building at the time of purchase and has plans to expand its presence in the building.

“Denton and Jeff did an outstanding job finding the right buyer for this property,” said Tony Bartlett, senior vice president at Lincoln who oversees the firm’s Atlanta office. “Their experience and expertise resulted in a transaction that proceeded seamlessly and delivered a good price for our client.”

For a complete copy of the company’s news release, please contact:

 Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

Lincoln Harris Brokers Seven Leases Totaling More Than 184,000 Square Feet in Charleston, SC

Mike Ferrer
CHARLESTON, SC — Mike Ferrer of Lincoln Harris’ Charleston office has arranged seven industrial and office leases totaling 184,769 square feet in metro Charleston. Ferrer represented the landlord in all of the transactions.

The details of the transactions are below:

·      L&W Supply signed a 15,000-square-foot lease renewal at 4301 Dorchester Road, an industrial building in North Charleston. Lee Allen of Jones Lang LaSalle represented the tenant.

·      Ferguson Enterprises signed a 16,250-square-foot lease renewal at 4301 Dorchester Road. Will Sherrod of Lee & Associates represented the tenant.

·      Liberty Cedar signed a new 16,250-square-foot lease at 4301 Dorchester Road. Ferrer also represented both the tenant in the transaction.

·      Kontaine Logistics signed a lease extension for its 30,000-square-foot industrial space, located at 1023 Legrand Boulevard in Charleston. Hagood Morrison of Colliers International represented the tenant.

Lee B. Allen
·      Bibliolabs expanded its office sublease to 7,269 square feet at 100 Calhoun St. in Charleston. Peter Fennelly of Colliers International represented the tenant.

·      Coastal Logistics Group signed a 100,000-square-foot lease expansion and extension at 2725 W. Fifth St., an industrial building in Summerville. Bob Robers of Transwestern represented the tenant.

For a complete copy of the company’s news release, please contact:

 Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

Balfour Beatty Construction announces new project and continued relationship with Southern Polytechnic State University in Marietta, GA

Kip Stokes

 ATLANTA, GA -- Balfour Beatty Construction’s Georgia division is proud to announce that they will serve as construction manager for the renovation of Building D on the Southern Polytechnic State University (SPSU) campus in Marietta, Georgia.

The project, which broke ground recently, is slated to finish completion in time for the 2015 Fall semester.

Building D, referred to on campus as the Mathematics Building, is one of the original buildings on the SPSU campus, constructed in the early 1960s. This 27,000-square-foot facility will undergo renovations to 20 classrooms and 14 faculty offices.

Mathematics Building, Southern Polytechnic State University
Marietta, GA
The renovation will take place on an occupied campus, so Balfour Beatty is taking special care not to disrupt campus activities. Understanding that safety is a deeply personal issue, one that reaches beyond the jobsite to impact families and individuals, the company takes a “Zero Harm” approach to all of their projects.

The new classrooms will contain new, state-of-the art A/V technology. The project also includes upgrades of the mechanical, electrical, and plumbing systems to support current demands and requirements for space to support instruction.

Chad McLeod
Although this is the first construction project Balfour Beatty has completed for SPSU, the company has long been involved with the school’s students. Nine employees of the Atlanta office are SPSU graduates, in addition to two current interns. 
“We are excited to continue our relationship with SPSU,” said Kip Stokes, business unit leader for Balfour Beatty. “This project will allow us to apply the latest innovations in construction and technology, and deliver the best possible product to the school and for the Cobb County community.”
Chad McLeod, Balfour Beatty’s director of business development and SPSU alumnus, also commented, “Giving back to and being involved with the educational institution that provided the knowledge and passion I have for construction is inspiring. It means a lot to be able to give back to SPSU by renovating this building."

Design services will be provided by Lord Aeck Sargent. 

For a complete copy of the company’s news release, please contact:

 Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

Jim Fowler Joins Atlanta Apartment Association as President

Jim Fowler

 ATLANTA, GA — Jim Fowler has joined the Atlanta Apartment Association (AAA) as president. 

In his position, Fowler oversees a 13-employee staff and coordinates the activities and services of AAA, the nation's third largest apartment association.

 He has more than 20 years of association management experience.

“I am honored to join this prestigious association, and I look forward to overseeing and engaging in all of the wonderful work AAA does,” Fowler said.

“AAA is highly regarded in the multifamily industry for its top-notch educational programs and its considerable charitable efforts and commitment to its community. I am immensely proud to be a part of this team.”

“We are tremendously excited about Jim joining AAA,” said David Hirsch, Chairman of AAA and ECI Group Inc. “There is no doubt that his deep experience and expertise in association management will provide top-notch guidance and leadership for AAA during this very exciting time for the multifamily industry.”

David Hirsch
Prior to joining the AAA, Fowler was vice president at Kellen Company, a global association management services company, which provides association management services.

While at Kellen, Fowler served as executive vice president of the Research Chefs Association, an international, 2,000-member professional society, and as executive director of the International Flight Services Association, a 350-member trade organization serving the airline catering industry. 
Fowler has a Bachelor of Business Administration in Marketing from Auburn University. He is a Certified Association Executive (CAE), a designation awarded to association executives demonstrating the highest level of management knowledge, ethics, leadership and activity in community affairs.

 Fowler also is a member of the American Society of Association Executives (ASAE), serves on the Board of Directors of the Georgia Society of Association Executives (GSAE), and is Chair-Elect of the GSAE Executive Committee.

For a complete copy of the company’s news release, please contact:

 Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)