July 1, 2018
ATLANTA, Ga. – Howard L. Michaels, Chairman of The Carlton Group, announced today that it has secured an equity partner for the development of a luxury multifamily mid-rise complex in Atlanta, Georgia. Carlton Group is an international real estate investment banking firm that specializes in raising large amounts of equity and debt.
The Class A, multifamily development will be located on Cheshire Bridge Road and will be comprised of 285 state-of-the-art apartments. The property’s prime location will offer prospective residents immediate access to ample dining and retail options within its thriving urban neighborhood.
The Carlton Group’s Stephen Scorgie, Brendan Sullivan and Andrew Karaan executed the transaction, arranging the equity. The team secured the equity on the behalf of a highly successful development firm with a strong presence in the southeastern United States.
“Through the utilization of our extensive equity relationships, we secured a number of favorable offers from prospective investors in this transaction,” said Howards Michaels, Chairman of The Carlton Group. “We were able to arrange financing from a reputable private equity investment firm that provided highly beneficial terms to our client — a result of both our high-profile network and diligent efforts.”
Over the past several years, The Carlton Group has completed more than $6 billion of development equity and debt transactions, regularly working with some of the largest developers and institutions in the world. As a result of this track record, the firm has come to be widely known for its ability to navigate the complexities of high-profile transactions.Previous Next
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