NEWS & NOTABLES

KNOXVILLE, TN—Arbor Realty Trust funded a Fannie Mae DUS loan in Knoxville, TN. Sunset Rill Apartments, a 180-unit property, received $4,478,000 in acquisition funding under a Fannie Mae DUS Loan program. The deal provides a seven-year fixed term with a 30-year amortization schedule. Matt Madacsi of Arbor's New York City office originated the loan. Located off Interstate 40 in the prestigious Holston Hills area, the pet-friendly apartment complex is minutes from Downtown Knoxville.

ATLANTA—DHP founder Damian Donati joins Sina Companies as Atlanta-based Senior Vice President to focus on business development and client relationship activity to enhance and expand the combined firm's geographic scope. The Sina Companies remains headquartered in Palm Beach Gardens, andDonati now operates the combined firm's new Atlanta branch, focusing on new business development and client strategic relationships.

DEAL TRACKER

ATLANTA—ARIUM Kennesaw and ARIUM Kennesaw Villas, two properties located in Kennesaw, GA, have traded hands. The sale price: $29.3 million. Carroll Organization sold the multifamily assets to Townsend Group. Carroll initially acquired the apartment buildings in September 2015 as a part of Carroll Multifamily Real Estate Fund III, LP and managed by Carroll Management Group. “We were initially attracted to ARIUM Kennesaw and ARIUM Kennesaw Villas due to the properties' high-quality construction, functional floor plans, and most importantly, its walkability to Kennesaw State University, Georgia's third largest university with 35,000 students,” says M. Patrick Carroll, CEO of Carroll Organization. “We experienced tremendous occupancy and organic rent growth at both properties during our ownership, but we felt it was an opportune time to sell and realize significant profits for our Fund III investors.”

ATLANTA—Electra America closed its 2017 Multifamily Fund with $212 million from foreign institutions and high-net worth investors. With a strategy to acquire and reposition value-add multifamily assets in “Sun Belt” cities, the fund comprises over 7,000 apartment units in four states: Georgia, Florida, North Carolina, and Texas. “Although the investment landscape is competitive, we continue to see great opportunity and excellent returns in high job-growth metropolitan areas in the US Southeast, where there's a tremendous need for well-priced apartments with exceptional amenities for working professionals and families,” Joseph Lubeck, CEO of Electra America and American Landmark, tells GlobeSt.com. “This is our niche and we anticipate more growth in the future.”

ATLANTA—In 2017, Peachtree Center and Marquis Towers executed 35 leases totaling over 180,000 square feet of space. Additionally, during the year, tenants such as the Atlanta Regional Commission and the State Road and Tollway Authority moved into over 100,000 square feet of modern, efficient new office space at the property pursuant to leases executed late in 2016. 2018 is off to a robust start with leasing trending to far exceed the 2017 level. Scott DeMyer, vice president and principal, handles leasing efforts for Peachtree Center's four core towers, while Fish represents the upscale Marquis Towers on Peachtree Center Avenue. The Marquis Towers are known for skyline views through floor-to-ceiling windows and bright, efficient floorplans.

BUILDING BLOCKS

NEW ORLEANS, LA—Hemline will open their 27th store at Grand Boulevard at Sandestin Town Center in Miramar Beach, Florida this March. The store will be operated by franchisee Dominique Wurzlow Fetzer who also operates the Hemline located in Mandeville, LA. Fetzer has been working with the company for over three years. Holthausen and her late husband, Luciano, opened their first Hemline location in the historic New Orleans French Quarter in 1994. Over the years, Hemline has grown to 27 locations in seven states. The boutique carries an extensive list of high-end vendors including Bella Dahl, Blue Life, Cami NYC, Chan Luu, French Connection, Hudson, Jen's Pirate Booty and Mignonne Gavigan.