Business
Business

Atlanta-based real estate firm acquires $154M portfolio

By Staff Staff
Nov 28, 2012

An Atlanta-based multi-family real estate specialist has purchased a $154 million portfolio of properties in a deal that makes it one of the largest private apartment owners in the metro area.

Cortland Partners announced Tuesday the move to buy properties in Dallas, Houston and Jacksonville, which will increase the firm’s real estate holdings by 20 percent.

The firm’s chief executive, Steven DeFrancis, said the deal marks the firm’s first foray into Florida and will triple its presence in Texas. Cortland Partners now has more than 10,000 units across the region.

About the Author

Staff Staff
More Stories

Keep Reading

A worker hurries with last minute preparations on Friday, Oct. 14, 2005, at Atlantic Station before its planned soft opening the following day. Publix, seen at right, which was one of the development's original tenants, is set to close its store there on Dec. 27. (John Spink/AJC)

Credit: AJC

Publix to close two Atlanta area stores, including longtime Midtown location

Publix will shutter two of its metro Atlanta stores on Dec. 27.

Korean diplomats visit Georgia to rebuild strained trust after Hyundai raid

The tight-knit relationship between South Korea and the U.S. faced one of its toughest tests after the September raid at Hyundai’s campus near Savannah.

Five years after Coca-Cola ended Tab, fans won’t give up hope for its return

Coca-Cola already announced it’s bringing back one retired soda. Could Tab be next?

The Latest

Unsold 2025 Gladiator pickup trucks sit on display outside a Jeep dealership Friday, Sept. 26, 2025, in Englewood, Colo. (David Zalubowski/AP)

Credit: AP

OPINION

December car sales are good but not magic

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Featured

Austin Walters died from an overdose in 2021 after taking a Xanax pill laced with fentanyl, his father said. A new law named after Austin and aimed at preventing deaths from fentanyl has resulted in its first convictions in Georgia, prosecutors said. (Family photo)

Credit: Family photo

A 30-year-old’s overdose sparked a new law. Now courts are testing how far it can go.

Austin’s Law, passed in 2024, is leading to convictions of fentanyl dealers after a father’s fight for justice following his son’s overdose death.

Jared Curtis isn’t the only Georgia football storyline to watch on signing day

What will National Signing Day look like? It is starting to materialize significant storylines.

Search for inmate who escaped from Grady hospital enters second day

Timothy Shane is accused of stealing an SUV and then crashing it during the getaway, according to authorities.