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| Steven DeFrancis |
ATLANTA, GA — Cortland
Partners is on track to meet its growth objectives for 2015 thanks to the
company’s acquisitions since the beginning of the year, including its most
recent addition in August of 1,374 units with a value of nearly $139 million
across markets in Georgia, Texas and Florida.
Since the start of 2014,
Cortland Partners has acquired approximately 14,000 units and now owns over
30,000 apartment homes throughout the Southeast, Midwest, and Texas.
As part of this expansion,
the Atlanta-based company opened a new regional office in Charlotte, North
Carolina in April. This spring, Cortland purchased 3,265 units in Charlotte,
becoming the fourth-largest multifamily owner in the Queen City.
The company’s growth has
landed it on the 2015 National Multifamily Housing Council’s (NMHC) prestigious
annual ranking of the 50 largest apartment owners. This designation marks
Cortland’s first time on the list, which is a nationwide ranking based on the
number of units owned.
“Our growth this year is
both significant and sustainable,” said Steven
DeFrancis, CEO of Cortland Partners. “Through our strategic infrastructure,
which includes product design, property management, construction management,
and manufacturing, we are uniquely positioned to drive outsized returns by
meeting the growing demand for distinct living choices and superior service.”
Cortland, which employs
over 950 associates in eight states and is the only institutionally scaled,
multifamily value-add enterprise in the country, began as a developer and still
pursues development opportunities. Yet, the company has shifted its primary
focus in recent years, using its development expertise to revitalize already
existing communities in order to deliver a higher quality product for a better
living experience.
For a complete copy of the company’s news release,
please contact:
Sarah DeFrancis
Cortland Partners
404.965.3988
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