MEMPHIS, TENN., JANUARY 19, 2021: Fogelman Properties (Fogelman), one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce that despite the pandemic, it experienced a successful year of acquisitions during 2020. Over the past 12 months, Fogelman bought five multifamily communities totaling 1,350 units for an aggregate cost of $225 million.
Fogelman’s investment success resulted in continued corporate growth for the organization, with expansion in key target markets in Georgia, Florida and Tennessee. “Despite a year that was filled with economic uncertainty, we were fortunate to remain on offense by growing our investment portfolio with acquisitions in resilient Southeastern markets,” Mike Aiken, Vice President of Acquisitions at Fogelman. “We are thankful for the continued support of our long-time institutional partners and look forward to ongoing growth in 2021.”
Fogelman continues to be one of the most active buyers in the country and oversees a portfolio of more than 28,000 units across 91 properties in 10 states, totaling more than $4.5B of managed assets. The company’s national portfolio has maintained a 95% average occupancy in 2020.
Fogelman Properties (Fogelman) is one of the country’s largest and most experienced privately- owned multifamily investment and property management companies. As a fully integrated company, Fogelman specializes in multifamily acquisitions, property management, construction management, and asset management. Founded in 1963, Fogelman operates 91 multifamily communities totaling more than 28,000 apartment homes spread across 10 states in the Southeast, Southwest and Midwest. For more information about Fogelman, please visit www.fogelman.com or follow on Facebook, Twitter and Instagram.