{"id":1004106984,"date":"2014-11-06T12:38:17","date_gmt":"2014-11-06T20:38:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004106984"},"modified":"2022-12-08T17:19:11","modified_gmt":"2022-12-09T01:19:11","slug":"atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\/","title":{"rendered":"Atlas Buys M-F Portfolio Throughout Sunbelt Region"},"content":{"rendered":"

By Anna Spiewak, Senior News Editor<\/em><\/p>\n

\"Waterford<\/a>

Waterford Hills, Charlotte, N.C.<\/p><\/div>\n

For a solid return on investment, Atlas Apartment Holdings L.L.C. has grabbed 20 multi-family properties throughout Texas, Florida, Georgia, North Carolina and South Carolina.<\/p>\n

The estimated $490 million transaction was executed in two parts, with Atlas acquiring two of properties for $150 million<\/a>, as previosuly reported by CPE,<\/em> and assigning the remaining 18 assets worth a total of an estimated $340 million to a large private opportunity fund, whose details were not disclosed for privacy reasons.\u00a0The 18-property portfolio consists of 4,035 units located throughout the Sunbelt region of the United States.<\/p>\n

\"John<\/a>

John Alascio, Cushman & Wakefield<\/p><\/div>\n

Cushman & Wakefield acted as exclusive advisor to Atlas Apartment Holdings in both of the transactions, with the company’s debt & structured finance team John Alascio, Sridhar Vankayala and Alex Lapidus working on this transaction.<\/p>\n

The properties are primarily made up of 1970s and 1980s vintage value-add assets with mostly interior renovations and some minor cosmetic work, according to Alascio,\u00a0managing director of Cushman & Wakefield’s Equity, Debt & Structured Finance Group .<\/p>\n

The portfolio is currently 96 percent occupied and offers strong in-place cash flow. According to the news release, each of the properties is located in geographically diverse markets with demonstrated market rent growth.<\/p>\n

“This portfolio gave institutional equity the ability to deploy a large amount of capital into strong, economically diverse markets across the Southeast and Southwest United States,” said Alascio in the news \u00a0release.<\/p>\n

Atlas U.S.A. Holdings L.L.C. owns, acquires and develops real estate throughout the United States, including major projects in California, Florida, New York and Texas.<\/p>\n

 <\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

For a solid return on investment, Atlas Apartment Holdings has grabbed 20 multi-family properties throughout Texas, Florida, Georgia, North Carolina and South Carolina.<\/p>\n","protected":false},"author":952,"featured_media":1004107007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742],"tags":[],"class_list":["post-1004106984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest"],"acf":[],"yoast_head":"\nAtlas Buys M-F Portfolio Throughout Sunbelt Region - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlas Buys M-F Portfolio Throughout Sunbelt Region\" \/>\n<meta property=\"og:description\" content=\"For a solid return on investment, Atlas Apartment Holdings has grabbed 20 multi-family properties throughout Texas, Florida, Georgia, North Carolina and South Carolina.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-06T20:38:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:19:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Waterford-Hills.png\" \/>\n\t<meta property=\"og:image:width\" content=\"732\" \/>\n\t<meta property=\"og:image:height\" content=\"403\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"Atlas Buys M-F Portfolio Throughout Sunbelt Region\",\"datePublished\":\"2014-11-06T20:38:17+00:00\",\"dateModified\":\"2022-12-09T01:19:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\\\/\"},\"wordCount\":292,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/Waterford-Hills.png\",\"articleSection\":[\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/atlas-buys-20-asset-m-f-portfolio-throughout-sunbelt-region\\\/\",\"name\":\"Atlas Buys M-F Portfolio Throughout Sunbelt Region - 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