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Joe Lubeck Joe Lubeck

ATLANTA—Electra America closed its 2017 Multifamily Fund with $212 million from foreign institutions and high-net worth investors. With a strategy to acquire and reposition value-add multifamily assets in “Sun Belt” cities, the fund comprises over 7,000 apartment units in four states: Georgia, Florida, North Carolina, and Texas.

“Although the investment landscape is competitive, we continue to see great opportunity and excellent returns in high job-growth metropolitan areas in the US Southeast, where there’s a tremendous need for well-priced apartments with exceptional amenities for working professionals and families,” Joseph Lubeck, CEO of Electra America and American Landmark, tells GlobeSt.com. “This is our niche and we anticipate more growth in the future.”

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