VOL. 114 | NO. 218 | Tuesday, November 7, 2000
Fogelman Management adds
Fogelman Management adds
three properties to portfolio
Fogelman Management Group announced it was awarded new property management assignments on three different apartment communities located in three different states.
The added business increases its total portfolio by 926 units and further expands the companys presence in North Carolina, Georgia and Tennessee.
The new communities in the Fogelman stable are the Vineyards of Cartersville in Cartersville, Ga.; McAlpine Place Apartments in Charlotte, N.C.; and Winstone Park Apartments in Memphis.
"We are excited about the opportunities that lie ahead of us at each of these new communities and know that we can make a meaningful difference for both the owners and the residents at each location," said Jeff Kelly, president of FMG.
FMG presently manages about 11,000 apartment units located in major markets throughout the Midwest and Southeast.
Greenbrier Partners LLC, a Tennessee limited liability company, purchased about 57 acres of property at Kirby and Messick roads from Louise Kirby Ellis for $1.5 million, according to a special warranty deed filed in the Shelby County Registers Office Thursday.
Ramesh C. Gupta and wife, Manju Gupta, purchased developed property on Poplar Avenue from Day Two LP, a Delaware limited partnership, for $1.1 million, according to a special warranty deed filed Friday in the Shelby County Registers Office.
Novogroder/Collierville LLC, an Indiana limited liability company, borrowed $1.5 million from Royal Indemnity Co., securing the loan with one acre of property at Poplar Avenue and Schilling Boulevard East, according to a trust deed filed in the Shelby County Registers Office Oct. 30.
Nortrax Equipment Co. purchased a four-acre portion of property at Corporate Avenue and U.S. Highway 51 from Frank G. Barton Jr. and James H. Barton for $2 million, according to a special warranty deed filed Oct. 30 in the Shelby County Registers Office.
Lenox Homes LLC, a Tennessee limited liability company, borrowed $2.3 million from Union Planters Bank, securing the loan with lots 54 through 105 of Collierville Farms planned development, according to a trust deed filed in the Shelby County Registers Office Oct. 27.
Oakwood Joint Venture of Collierville borrowed $5.6 million from Bank of Bartlett, securing the loan with about 133 acres on Seed Tick Road in Lakeland, according to a trust deed filed Oct. 30 in the Shelby County Registers Office.