VOL. 115 | NO. 184 | Tuesday, October 30, 2001
Fogelman Management Group was awarded the management contract for Arbors
River Oaks Apartments
adds Arbors to portfolio
Management Group was awarded the management contract for Arbors River Oaks
in 1990, Arbor River Oaks is a 191-unit garden-style apartment community with
an optimum location, company officials said.
the Baptist East Medical Center located on one side and the prestigious River
Oaks subdivision located on the other, the location of this beautiful property
cant be beat, said FMG president Jeff Kelly.
look forward to working with the owner toward marketing their corporate efforts
in order to better present this community to the many prospective residents
that work in the immediate area.
addition of Arbor River Oaks caps a busy growth period for the Memphis-based
management company. FMG was awarded management contracts on seven properties
consisting of 2,902 units since the beginning of the year.
new properties are in Atlanta and Memphis, as well as a portfolio of three A+
communities in Indianapolis and Fort Wayne, Indiana.
in 1963, FMG is a privately held, full service property management organization,
focused entirely on the operations of multifamily real estate investments held
by individual and institutional investors.
firm manages more than 12,000 apartment units in markets throughout the
Southeast and Midwest.
CNL Net Lease
Funding 2001 LP, a Delaware limited partnership, purchased property at
6201 Poplar Ave. at Shady Grove Road, site of the Steak & Ale restaurant,
from CNL APF Partners LP, a Delaware limited partnership, for $1.5 million,
according to a special warranty deed filed in the Shelby County Register's
Office Oct. 19.