Lawrence R. Gottesdiener, Northland's chairman, tellsGlobeSt.com that, in turn, "We'll selectively liquidate some of ourolder B-quality buildings including holdings in Corpus Christi,Dallas and Tyler." One of those holdings, the 324-unit StanfordCourt at 18175 Midway Rd. in Dallas, has just hit the market.
Austin again has turned into a core market for Northland, whichnow owns 4,500 units in the city. "We re-entered in 2005 and thinkthe area is well-positioned for the long-term," Gottesdiener says."It's the state capital, is an information capital and has theuniversity." Austin particularly fits one of Northland Investments'main strategies, which is investment in informationtechnology-growth markets.
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