Atlanta

The developer will build 15 communities in Sunbelt markets, and it plans to deploy the capital over the next 18 months.

"My advice for the next generation would be to become self-aware, determined and cultivate personal strengths, constantly evolve, and always show up 100%, provide more value than you receive, and demand equality at every turn."

The firm's first company acquisition aligns with its strategy to expand its multi-tenant retail investment sales presence.

The company purchased the South Carolina 330-unit, class A, residential community in an off-market transaction from Southeastern Co.

Armada Hoffler Properties Inc. and Terwilliger Pappas plan to break ground this month on the 223-unit residential project in Gainesville, GA.

The company aims to capitalize on the area's economic growth with its recent acquisition of the 500-unit apartment community.

Although downtown office leasing slowed during the first two quarters, largely driven by the pandemic, "That doesn't mean the market is dead at all," said Scott Amoson, director of research at Colliers' Atlanta office.

Through the acquisitions of three apartment communities, the company aims to capitalize on the area's continued job growth.