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“I've seen firsthand the stimulus of tax credits on the affordable housing industry and how they help to create quality homes," says Monarch Private Capital's Sean Cammann.
Old Fourth Ward's booming growth has been spurred largely by the Atlanta BeltLine, which is responsible for 30,000 permanent jobs and nearly $10 billion in economic development.
The hotel benefits from the area's wide variety of corporate demand generators, dining and shopping options, says Apple Hospitality REIT's Nelson Knight, executive vice president and chief investment officer.
“It's great to go full circle,” says Randy Sullivan, principal of environmental consulting firm Golder, which is moving back to the Chamblee neighborhood where it got its start.
“Environmental sustainability is a key part of NCR's commitment to the prosperity of our employees and our community in Midtown Atlanta," says Andrea Ledford of NCR, which occupies the property.
“Tenants will find great value in the impressive, long-term energy economics, highly reliable infrastructure, Ascent's personalized, around-the-clock support, secure location and enterprise-grade data center,” says Phil Horstmann, CEO of Ascent.
Jefferson Lighthouse Place, built in 2015, is currently 94% occupied. HGI reports it plans to spend an additional $850,000 on capital improvements at the property located at 4411 North Federal Highway.