ATLANTA—Engler Financial Group, a boutique investment advisory and brokerage firm specializing exclusively in the multifamily sector, closed about $1 billion in investment sales and equity placements in 2013. Another $625 million is currently under agreement.
“2013 was a milestone year for our company as we were involved in more than 40 transactions, some of which were the region's record-setting multifamily deals. We were also able to bring institutional quality capital to new markets around the southeast,” says Greg Engler, founder and CEO of the Georgia-based Engler. “During this period of unprecedented activity we have maintained our singular focus in providing our clients with best-in-class advisory and brokerage services that have set the benchmark for the entire industry.”
One of Engler's noteworthy deals this past year was the $49.3 million sale of Alexan Garrett Farms in Raleigh-Durham, NC. Built in 2010, the 308-unit, class A-plus multifamily community is located near Duke University. A major pension fund advisor investing on behalf of an off-shore investor acquired the luxury multifamily asset from Trammel Crow Residential, which partnered with a unit of Prudential Real Estate Investors.
Engler also arranged the $43 million sale of Mosaic at Westshore, a luxury residential complex located in the Westshore submarket of Tampa, FL. The firm represented UBS Realty Advisors in the sale of the trophy property to a major life insurance company.
“In 2014, we expect to see continued increase in investment sale and equity placement activity, especially given interest rates that should remain low and the type of high quality assets set to hit the market,” says Engler. “We look forward to the imminent closing of several new deals totaling more than $625 million.”
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