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Atlanta saw 8.2 megawatts of net absorption in 2018. The city currently has a data center inventory of 126.8 megawatts, with 14 megawatts available that calculates out to an 11% vacancy rate.
For multifamily developers, the addition of short-term rentals gives them the ability to incorporate an entirely new tenant into their planning and modeling, mitigating risks associated with vacancy.
“Chris is an incredibly gifted executive with a thorough understanding of project management paired with an ability to communicate well and maintain excellent customer relations during complex construction processes,” says Thomas Ricci, managing principal and a founder of Coretrust Capital Partners.
“594 DC is a great value-add/redevelopment lease-up play that fits within Endurance's long-term sweet spot of re-positioning well-located, functional excess corporate real estate assets,” says Jared Newman, vice president of acquisitions at Endurance.