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.
They'll Be Back
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David Oelfke
