Jamestown is purchasing North American Properties' Atlanta-based subsidiary, which manages about $2 billion in assets.

The acquired firm, which was first established in 1996, mainly operates mixed-use properties in suburban and high-growth areas.

As part of the deal, Jamestown will make an undisclosed investment in the subsidiary's portfolio. It includes Georgia-based properties such as Colony Square in Atlanta, Avenue East Cobb in Marietta, and the Forum Peachtree Corners in Peachtree Corners. Additionally, properties are located outside the state including Birkdale Village in Huntersville, North Carolina, Ridge Hill in Yonkers, New York, and Newport on the Levee in Newport, Kentucky. Some of these mixed-use spaces might combine office with retail, or residential housing.