(To read more on the multifamily market, click here.)
ATLANTA-Locally based Lane Co. has hired Philip Pitney as partof its strategic plan to increase the firm's apartment real estateholdings. Pitney, who will serve as president of Lane InvestmentsLLC, plans to assemble a team that will help acquire a large numberof multifamily assets.
"Lane Co. has a very stable platform from which to doacquisitions," Pitney says. "It has all the resources, tools,systems and people to competitively acquire new properties, raisemoney from equity partners and place deals quickly andefficiently."
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