(Read more on the multifamily market.)

CHARLOTTE, NC-The Lane Co. already owns and manages somemultifamily properties in the Carolinas and Southern Virginia, butthe Atlanta-based company is now expanding its presence in theregion to the development arena. The move coincides with the hiringof Wyatt Dixon as Carolinas development partner; he will be basedhere.

"We own several properties in the region and manage, as thirdparty, several other communities, but we have not had a developmentpresence in the market," Dixon tells GlobeSt.com. He adds that thecompany created the position as part of the strategic expansion. "Iam excited to be part of a great team."

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