HFF arranges joint venture equity for Eastern Partners’ acquisition of REO portfolio in Atlanta

DALLAS, TX – Working exclusively on behalf of Eastern Partners, the Dallas and Atlanta offices of HFF (Holliday Fenoglio Fowler, L.P.) announced  they have raised joint venture equity for the unlevered acquisition of a real estate-owned (REO) portfolio of vacant developed, single-family residential lots in the Atlanta, Georgia, MSA.

Proceeds were used to acquire the portfolio from The Bank of North Georgia, which had originated development loans on these projects during the last three years.

Eastern Partners, LLC is a Dallas-based real estate firm that targets opportunistic investments for its private and institutional capital partners. Eastern Partners is currently focused on distressed property acquisitions from lenders through its extensive network of contacts primarily in the Texas, Georgia and California markets.

With more than 70 years of combined experience in all types of real estate investment, development, management and leasing, the principals of Eastern Partners have an established track record of successful projects and the capability to provide efficient management and above market returns.

 Contact Eastern Partners at (214) 292-2040 or www.easternpartners.com.

Contacts:

John Ahmed, HFF Associate Director, (214) 265-0880, jahmed@hfflp.com
Michael Cale, HFF Director, (404) 832-8460, mcale@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com