February 15, 2013 (Marietta, GA). Crown Holdings Group’s multifamily affiliate, Marquis Investments, announced it has acquired Autumn View apartments from FR Owner, L.L.C. The property which is located in Marietta, GA was purchased with financing that was provided by BB&T. Autumn View has been renamed Marquis View and consists of 224 units. Marquis View is located next to Marquis Place on Franklin Road off the Delk Road exit on I-75.

 

The property will be managed by Star Residential. With the addition of Marquis View, Marquis Investments has approximately 5,000 units under its ownership. Blair Schlossberg, founder and co-manager of Crown Holdings Group, commented, “Once again we have found an asset that will thrive under our proven “3R Strategy” of Recapitalizing, Renovating and Repositioning a property.”

 

Marquis Investments is actively seeking value-add multifamily acquisition opportunities in the Southeastern United States. Please contact Blair Schlossberg at (770)-391-1233 for more information.

December 20, 2012 (Roswell, GA). Marquis Investments, Duke Homes and Duke Land Group, affiliates of Crown Holdings Group, announced that they have joined forces and acquired over 100 acres at the intersection of GA 400 and Holcomb Bridge Road in one of Atlanta, Georgia’s fastest growing suburbs of Roswell, GA. Kings Bridge was sold by North Fulton I, LLC and was purchased with cash and bank debt from Northstar Realty Finance Corporation. The property contains an apartment complex which has been renamed Marquis Trace. Marquis Trace apartments are a 312 unit complex made up of 1, 2 and 3 bedroom apartments as well as 2, 3 and 4 bedroom townhome apartments. Located near the Chattahoochee River, Marquis Trace has a pool and a clubhouse facility on its lakefront.

 

Blair Schlossberg, founder and co-manager of Crown Holdings Group, commented, “This is an excellent purchase for our companies. It utilizes the expertise of Marquis Investments and Star Residential on the multifamily portion of the property. In addition, it offers Duke Homes and Duke Land Group the capability to re-entitle and develop the over 70 acres of raw land.” Moshe Manoah, also a founder and co-manager of Crown Holdings Group, commented, “This is one of the best large tracks of land located in the Metro Atlanta area. We are excited about the upside potential of this acquisition for our investors.”

 

Marquis Investments is actively seeking value-add multifamily acquisition opportunities in the Southeastern United States.
Please contact Blair Schlossberg at (770) 391-1233 for more information.

 

Duke Homes and Duke Land Group are actively seeking raw land and fully platted subdivisions in the Southeastern United States.
Please contact Eyal Livnat at (770) 391-1233 for more information.

November 30, 2012 (Atlanta, GA). Marquis Investments announced that it has refinanced Marquis Chase apartments with Wells Fargo. After applying its “3R Strategy” of Recapitalizing, Renovating and Repositioning the property within an 18 month period, Marquis Investments has returned all of the equity to its investors (including preferential payments). Moshe Manoah, a Managing Member of Marquis Investments, commented, “Marquis Chase is a great example of the strength of our team and “3R Strategy.” We continue to see top and bottom line growth at this complex.”

June 14, 2012 (Atlanta, GA). Marquis Investments announced today that it has acquired Stonebridge Apartments (now known as Marquis Bridge). Marquis Bridge, which was sold by Blue Valley Apartments, Inc., was purchased with cash and bank debt from CMFG Life Insurance Company. This property is located on N. Hairston Road in Stone Mountain, GA within minutes of Highway 78, I-285, and I-85. The 240 unit complex is made up entirely of 2 bedroom apartments with a mix of different floor plans. This is one of the most attractive communities in the immediate submarket, equipped with a swimming pool and sun deck, private balconies and patios, ceiling fans, sunrooms, and nature hearth fireplaces in some units. The property is one mile from Memorial Drive, which provides a wide array of retail offerings.

The property will be managed by Star Residential. With the addition of Marquis Bridge, Marquis Investments now controls nearly 3,500 units in the Atlanta metropolitan area. Marquis Investments, LLC began operations in 2010 to efficiently execute the highly structured business plans of the demanding and discriminating opportunistic real estate investment community. Marquis Investments brings over 50 years of top level experience in the multifamily arena.

Blair Schlossberg, a Managing Member of Marquis Investments, commented, “Marquis Bridge is a great addition to our portfolio. This property is in excellent condition and has historically had very strong occupancy. Our experience with this sub-market in Atlanta has been excellent, with terrific performance from Marquis Chase and Marquis Pointe. With a moderate renovation and application of our ‘3R’ Strategy — Recapitalize, Renovate and Reposition, I expect that we can quickly improve cash flow.”

Schlossberg added, “Our unmatched combination of acquisition, renovation and management expertise, all delivered by our company affiliates without third party managers, will allow us to maintain strict control over all aspects of the investment lifecycle.”

Marquis Investments is actively seeking value-add multifamily acquisition opportunities in the Southeast. Please contact Blair Schlossberg at (770) 391-1233 for more information.

 

February 27, 2012 (Atlanta, GA). Marquis Investments announced today that it has acquired Hamptons at Lenox (now known as Marquis at Lenox). Marquis at Lenox, which was sold by Fannie Mae, was purchased with cash and bank debt from Mutual of Omaha. This property is located inside the I-285 perimeter on Briarwood Road between the I-85 access road and Buford Highway. The 192 unit complex is made up entirely of 2 bedroom apartments and has a swimming pool, sun deck and playground. The property is one mile north of North Druid Hills Road and Lenox Road with easy access to I-85 and is minutes away from nearby Lenox Mall, Georgia Tech, Emory, Oglethorpe University and Georgia State.

 

The property will be managed by Star Residential. With the addition of Marquis at Lenox, Marquis Investments now controls over 2,500 units in the Atlanta metropolitan area. Marquis Investments, LLC began operations in 2010 to efficiently execute the highly structured business plans of the demanding and discriminating opportunistic real estate investment community. Marquis Investments brings over 50 years of top level experience in the multifamily arena. Blair Schlossberg, a Managing Member of Marquis Investments, commented, “Marquis at Lenox is a great addition to our portfolio. The southern part of the Buford Highway corridor has historically performed well, but has underperformed due in part to the market downturn. This area continues to be a very desirable location as evidenced by the new construction located close to Marquis at Lenox. Once stabilized, we expect to see significant operating leverage and appreciation as we apply our ‘3R’ Strategy — Recapitalize, Renovate and Reposition. We will immediately begin to make capital improvements to this property. I expect that we can quickly stabilize the property and generate significantly increased cash flow.”

 

Schlossberg added, “Our unmatched combination of acquisition, renovation and management expertise, all delivered by our company affiliates without third party managers, will allow us to maintain strict control over all aspects of the investment lifecycle.”

 

Marquis Investments is actively seeking value-add multifamily acquisition opportunities in the Southeast.
Please contact Blair Schlossberg at (770) 391-1233 for more information.

 

Investors that would like more information about Marquis’ recent acquisitions.
Please contact Loren Wimpfheimer at (770) 391-1233.