Posted on October 6, 2020 by iwano@_84
Acquires a 269-unit Multifamily Property in Atlanta’s Perimeter Center
Providence Real Estate, LLC (“Providence”), a multifamily owner-operator, announced the completion of the acquisition of The Stratford Apartment Homes located in the Perimeter Center submarket of Atlanta, Georgia. The property was acquired by the Providence Multifamily REIT, Inc., a Providence-managed private REIT that invests in value-add multifamily opportunities throughout the Southeastern United States.
The Stratford was built in 1990 and consists of four residential midrise apartment buildings and a one-story clubhouse and leasing center. The property is located less than one mile from the largest medical center in Georgia that is home to Northside Hospital Atlanta, Emory St. Joseph’s Hospital and Children’s Healthcare of Atlanta. In addition, the property is located less than one mile from the Perimeter Center’s 30 million square foot office market that is home to numerous Fortune 500 companies and the world headquarters of United Parcel Service
Posted on October 2, 2020 by iwano@_84
NEW YORK, Oct. 1, 2020 /PRNewswire/ — Inland Pipe Rehabilitation (“IPR”), a portfolio company of an investment affiliate of J.F. Lehman & Company (“JFLCO”), announced today the completion of the acquisition of Murphy Pipeline Contractors (“Murphy”).
Founded in 1973, IPR is a leading provider of trenchless pipe rehabilitation solutions and technology to the municipal wastewater and storm water markets. The company’s technologies and services provide government customers with minimally disruptive, cost-effective solutions to manage aging underground pipe infrastructure.
Murphy Pipeline Contractors provides unique trenchless rehabilitation solutions for the municipal potable water and wastewater markets. With a 21-year track record of success, Murphy provides its customers with specialized capabilities, including its branded CompressionFit solution and pre-chlorinated pipe bursting.
Rob McCrae, Chief Executive Officer of IPR, commented, “We are excited to partner with the Murphy team and
Posted on September 25, 2020 by iwano@_84
Markets are volatile, there can be no doubt. So far this month, the S&P 500 has fallen 9% from its peak. The tech-heavy NASDAQ, which had led the gainers all summer, is now leading the on the fall, having lost 11% since September 2. The three-week tumble has investors worried that we may be on the brink of another bear market.The headwinds are strong. The usual September swoon, the upcoming election, doubts about another round of economic stimulus – all are putting downward pressure on the stock markets.Which doesn’t mean that there are no opportunities. As the old saw goes, “Bulls and bears can both make money, while the pigs get slaughtered.” A falling market may worry investors, but a smart strategy can prevent the portfolio from losing too much long-term value while maintaining a steady income. Dividend stocks, which
Posted on September 21, 2020 by iwano@_84
“We are thrilled for this new chapter and to be a part of Paradise’s growth under Titan’s ownership. With the resources that Titan has in place, we should be able to significantly grow our market share and provide our excellent service to more customers than ever before,” said Jeffery Becker, General Manager of Paradise.
Mel Feinberg, Chairman of Titan, commented that “we welcome Paradise and its employees to the Titan organization. Joe Schuette [Paradise’s founder and former owner] did an amazing job building a great team and culture here at Paradise, and we look forward to taking the business to the next level over the coming years.”
The acquisition of Paradise will serve to further grow Titan’s broad network of providers. Last month Titan was proud to learn that the “Remodeling 550” List, published by Remodeling Magazine, named Titan the 3rd largest remodeling company in the country