The latest news from Westplan Investors.
- Published on Thursday, 26 September 2013 11:01
ATLANTA, GEORGIA – Westplan has successfully sold Alta Royal Oaks Apartments, a 282-unit Class A apartment project in Houston, Texas. Westplan purchased an interest in the property with Wood Partners in 2004.
- Published on Friday, 19 July 2013 11:09
ATLANTA, GEORGIA – Westplan, as a partner with Euramex in Dunwoody Station Apartments LLLP, has sold Dunwoody Station Apartments to Lincoln Property Company. The property is a 530-unit, Class A community located in Dunwoody, Georgia. Westplan acquired the property in April 2009.
Rob Carter, Executive Vice President, stated “the performance of this asset has improved significantly since we acquired it. By selling it now we have been able to achieve a tremendous result for our investors.”
- Published on Wednesday, 03 July 2013 13:12
ATLANTA, GEORGIA - Westplan has sold The Shoppes at Fountain Oaks in Atlanta, Georgia to AmREIT, a Houston, Texas based equity real estate investment trust. The Shoppes at Fountain Oaks, acquired by Westplan in 2010 from a German based equity trust, is a 160,000 SF Kroger-anchored center located in a unique location in Sandy Springs.
Rece Morgan, VP Retail, stated “even though we continue to see improving performance for this type of property, the sale realized a 23% IRR result for our investors.”
- Published on Monday, 14 January 2013 13:13
ATLANTA, GEORGIA – Westplan executed over 69,000 square feet of new and renewal leases in its Atlanta Retail Portfolio in 2012 which increased overall occupancy to 91%. Westplan’s retail centers include Fountain Oaks in Sandy Springs, Rivermont Station in John’s Creek, Town Square in Decatur, Shoppes of Shiloh Crossing in Kennesaw and Butler Crossing in Acworth. Notable new tenants include Title Boxing Club, Inc., Bridge Club of Atlanta, Dance FX, Dance Theatre, Mazzy’s Sports Bar, Asian Cajun and Buffalo’s Café.