They'll Be Back
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A JV between CFLane and Lubert-Adler recently sold six local multifamily properties to Steadfast, but Lubert-Adler SVP Rob Morgan and CFLane prez of acquisitions Bill Stahlke (snapped Monday in Atlanta's Atlantic Station) tell us Houston remains a key market. Bill says the deal (which included 1,692 Class-A units) was part of a very successful strategy to acquire Class-A properties below replacement in economically healthy markets in the Southeast and Southwest and improve their value before selling. It had purchased these communities in 2011. ARA's David Oelfke repped CFLane.