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Rentals Trump Condos for NBA Star

Rentals Trump Condos for NBA Star
A fund headed by an  NBA Hall of Famer just bought a Buckhead condo building to  turn it into rental. Which player? The name of his company should give it away: Admiral Capital Group.
Admiral Capital Group's Dan Bassichis (on left with Admiral?s David Robinson, SDM Partners' Steve Martin and USAA's Greg Knowles 200 ashford perimeter brookhaven condominium

If you don't know, then your bar trivia team  will be contacting you with a pink slip later today. The Admiral is the nickname of former Spurs star David Robinson. In a JV with Wood Partners, he picked up the remaining unsold condo  units (209 total) at The Brookhaven, a 240-unit multifamily project on Peachtree Street, from The Private Bank for an undisclosed sum, says Admiral Capital Group's  Dan Bassichis (left with David, SDM Partners' Steve Martin and USAA's  Greg Knowles).

cushman wakefield gary waddell admiral capital david robinson san antonio spurs nba naismith memorial basketball hall of fame 200 ashford perimeter central value-add
Dan and the crew above were in town for a broker event at 200 Ashford Center North, a 160k SF office building  in Central Perimeter that Admiral and SDM Partners purchased last month in a JV with USAA. Above, David  is with Cushman & Wakefield's Gary Waddell (who also played b-ball at the University of Florida). Ashford is Admiral?s second purchase this year. We're told the fund will continue to search for value-add opportunities in Atlanta.
Transwestern's Jeremy Adams, Scotland Wright Associates? Tommy Watkins, Michael Tucker and Scotland Wright 200 ashford perimeter broker lunch elections obama jobs layoffs
Transwestern's Jeremy Adams, and Scotland Wright Associates?Tommy WatkinsMichael Tucker, and  Scotland Wright. Despite threats by some to layoff workers if President Obama were re-elected, Tommy tells us he hasn?t seen that in his tenant clientele. However, he also thinks it's  "too soon" to know if there will be an impact on commercial real estate demand coming off the election.