Hurd Buys Concorde Apartments in Chattanooga for $5M

ATLANTA-The Dallas office of Holliday Fenoglio Fowler arranged $4.6-million financing for the 170-unit, 25-year-old property which is 70% occupied with unit rents ranging from $455 to $695 per month.

By Marita Thomas | July 12, 2002 at 01:01 AM

Mona Carlton, senior director of the Dallas office of Irving, TX-based Holliday Fenoglio Fowler, arranged the $4.6-million, three-year, fixed-rate acquisition financing for Hurd through Minneapolis-based U.S. Bancorp Asset Management, Inc.

The property at 7301 East Brainerd Road is 70% leased. It consists of 100 one-bedroom, 60 two-bedroom, and 10 three-bedroom units.

A Chattanooga rental agent tells GlobeSt.com that one-bedroom units rent for $455 a month, and three-bedroom units rent for $695 a month.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

1 Blackstone Says Tariffs Are Affecting CRE Investment

2 CRE's Women of Influence 2025

3 Real Estate Markets That Could Win in Several Tariff Scenarios

4 Economists Continue Raising the Likelihood of Tougher Economic Times

5 Prologis Expects Increased Warehouse Demand Because of Tariffs and Trade Wars

Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Real Estate
GlobeSt. Multifamily Fall 2025
October 15, 2025 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Workers' Compensation Risk Management Award for Excellence Nominations
May 05, 2025 - Nomination Deadline

The 2025 Workers Comp Risk Management Award for Excellence honors outstanding loss control, safety and return-to-work programs.
More Information

South Atlanta Industrial Supply Drops Sharply as Vacancy Rises and Rents Fluctuate

By Anthony Russo | April 15, 2025

Other categories in the first quarter fluctuated based on quarter-over-quarter and year-over-year comparisons.

South Atlanta Industrial Supply Drops Sharply as Vacancy Rises and Rents Fluctuate

Brookfield Provides $176M Loan for Atlanta Area SFRs

By Anthony Russo | March 13, 2025

The portfolio covers 709 homes and a total of 1.4 million square feet.

Brookfield Provides $176M Loan for Atlanta Area SFRs

Atlanta Challenges Northern Virginia for Data Center Leadership

By Kristen Smithberg | March 05, 2025

The sector struggles to meet demand due to power constraints and supply chain delays.

Atlanta Challenges Northern Virginia for Data Center Leadership

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio link

Guide

Sponsored by Assurant

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio

Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.

Browse More Resources ›

The Return to Office: Recovery Still Underway link

Guide

Sponsored by Placer.ai

The Return to Office: Recovery Still Underway

Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!

Browse More Resources ›

The State of Commercial Property Management Technology in 2025 link

Report

Sponsored by Building Engines

The State of Commercial Property Management Technology in 2025

Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.

Browse More Resources ›