Atlanta

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"The dynamic of muted wage growth in the low-to-medium skill jobs and a growing middle-class renter cohort leads us to invest in the space that has the highest demand with little to no new supply,” says M. Patrick Carroll, chief executive officer of Carroll Organization.

This marks the 12th acquisition in 2018 for Coastal Ridge and its first in the new joint venture with Sefira.

Urban submarkets continue to enjoy healthy absorption in a slowing market.

The Osprey will be among the first projects using the Prescient modular offsite construction solution to go vertical in the Atlanta market.

“Central Perimeter continues to be a magnet for corporate headquarters with job creation and therefore investor interest," says Cushman & Wakefield's Mike Kemether.

Moody's Analytics estimates total damage from the Category 4 storm at between $16 billion and $20 billion.

The portfolio acquisition increases Colony's light industrial warehouse space in Atlanta to more than 7.7 million square feet.