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Compass Real Estate Fund III LLC completes first closing

Compass Real Estate Fund III LLC completes first closing

ROSWELL, Ga. -- Compass Real Estate Fund III LLC (“Compass Fund III”), the third private equity real estate investment fund formed by Compass Real Estate (“Compass”), had its first closing in December 2013. The closing enables the fund managers to begin deploying capital from this fund immediately.

“We have a proven track record of providing co-investment equity for commercial real estate acquisitions, developments and recapitalizations in major markets throughout the United States,” said Robert (“Bob”) F. Godard, founder and chief executive officer of Compass, and the managing member of Compass Fund III. “Our third fund allows Compass to continue our transition from being a successful sponsor to being a source of capital for other successful sponsors. We look forward to finding the right opportunities for our investment capital and to forming long-term partnerships with great sponsors.”

Fulton County Housing Information Session focuses on supportive housing for veterans

Fulton County Housing Information Session focuses on supportive housing for veterans

ALPHARETTA, Ga. -- Veterans or family members of veterans who want to learn about supportive housing for homeless veterans can participate in a Wednesday, Sept. 25 Housing Information Session.

The Veterans Housing Services session will be held from 11 a.m. until 12 p.m. in the Alpharetta Branch Library located at 238 Canton Street. Iola Green, Director of the Housing and Urban Development/Veterans Affairs Supportive Housing Program (HUD/VASH), will serve as the presenter.

The Department of Housing and Urban Development/Veterans Affairs Supportive Housing (HUD-VASH) Program combines Housing Choice Voucher (HCV)  and rental assistance for homeless Veterans with case management and clinical services provided by the Department of Veterans Affairs (VA). VA provides these services for participating Veterans at VA medical centers (VAMCs) and community-based outreach clinics.

MetLife forecloses on Mansell Overlook

MetLife forecloses on Mansell Overlook

ROSWELL, Ga. -- MetLife Inc. has foreclosed on Roswell's Colonial Center at Mansell Overlook for more than $80 million, according to Fulton County records and Databank Inc.

The foreclosure, completed in December, includes the development's four mid-rise office buildings and its retail properties. The project went back to MetLife for about $82.5 million, according to Databank, an Atlanta firm that covers commercial real estate transactions.

Mansell Overlook got caught in a highly competitive north Fulton market and the slow rebound in job growth after the downturn.

In 2006, near the height of the commercial real estate boom, Birmingham, Ala.-based Colonial Properties Trust completed a $166.4 million joint venture, sale and long-term management and leasing assignment deal with UBS Wealth Management for Mansell Overlook.

Fulton County to Host Information Workshop for Future Homeowners

Fulton County to Host Information Workshop for Future Homeowners

Fulton County residents with dreams of owning a home are invited to attend a “Do You Dream of Owning Your Own Home?” information session on Tuesday, June 26, 2012.  Future homebuyers can learn more about all eligibility requirements of the Home Ownership Program (HOP) and the Neighborhood Stabilization Program (NSP).  The workshop hosted by the Department of Housing and Human Services Office of Housing and Community Development will be held from 6:30 p.m. – 7:30 p.m. at the South Fulton Service Center.  The Service Center is located at 5600 Stonewall Tell Road in College Park, Georgia 30349.

Somebody Else Owns The Home You Are Living In

Somebody Else Owns The Home You Are Living In

Someone Else Owns The Home You Are Renting

Owning a home is still the American Dream. Renting is easier, but let's remember, somebody else owns the home you're renting. You are helping them achieve the American Dream and that's awful nice of you...but don't you want to achieve your own dream? You think that by renting you are saving money? You aren't. You are just paying someone else's mortgage, or at least part of it.

Wouldn't you rather invest that rent money into your own home? Let us assume that the average rent in a San Antonio Texas neighborhood for a 3 bedroom, 2 bath home is $1000. Over the period of one year (12 months), you have contributed $12,000 to a person's, whom you probably don't even know, future.

11 Questions to Ask Before Pricing Your Home

11 Questions to Ask Before Pricing Your Home
 

 

 

 

 

 

  1. Are there improvements I can make to my home — both major and minor — that could enhance the price?

Not So Big House Principles Apply to Remodeling Projects of all Sizes

Free Educational Program on Oct. 15   The concept or movement of “Not So Big House” has entered the mainstream, but what is it and who started it? Well, what it is not about is tiny houses for everyone, or a creed of bad design in favor of tiny energy bills.   The No So Big House philosophy, in fact, embraces architectural style across the spectrum, and is a concept dedicated to homes of all … well, most sizes. It can be described as an anti-McMansion sort of trend, but it is much more positive than that.   This is a direction in home design and construction championed by Sarah Susanka, an architect by trade, that emphasizes the concept of home as haven, in scale and proportion to need, a welcoming, comfortable, usable place where space is used according to purpose, rooms flow together with subtle delineations -- well-built, light-filled and energy-efficient.