Development Activity
We engage in the ground up construction of hotels, mixed-use projects anchored by hotels, as well as climate controlled self-storage.
Our preferred approach is to partner or joint venture with additional developers to bring scale to projects that are unique and destination-oriented. In particular, when we develop a hotel asset or mixed-use project, our focus is on targeting situations where true design architecture can be deployed to create memorable and desirable experiences for the users.
We target selective self-storage development opportunities because we believe in the long-term viability of the asset class and its risk/return profile. Through our relationship with two major self-storage REITs, we identify southeastern markets underserved by Class A climate controlled storage space and exploit those gaps.
Our overall development strategy is defined by building institutional-quality developments for our account (or in investment partnerships) for intermediate- and long-term hold periods.
Acquisition Targets
When considering acquisitions, we typically focus on hotel, life-style retail and self-storage assets but we also favor properties with in-place triple net or net lease structures such as industrial and stand-alone office and retail. We also pursue niche property types and special situations.
Markets of Interest
We focus on primary and secondary markets in the southeastern United States, but we are willing to entertain other locations for compelling opportunities. Below is a sampling of typical markets in which we are active:
Atlanta
Augusta
Baton Rouge
Birmingham
Charleston
Charlotte
Chattanooga
Columbia
Huntsville
Jacksonville
Knoxville
Little Rock
Macon
Miami
Montgomery
Nashville
New Orleans
Orlando
Raleigh
Savannah
Tampa
