Mesa Capital Partner snapping up apartments

Mesa Capital Partners, headed by executives familiar to the Atlanta business scene, have bought four apartment complexes in metro Atlanta since February, including two in June.

Tom Bell, former CEO of Cousins Properties, and Pete Correll, the former head of Georgia Pacific, are among the principals.

Bell said the group had about $40 million to invest and are hoping to close on another eight or nine apartment complexes in the Sun Belt. The company is buying, often out of foreclosure, improving the units, and putting in new management teams. The failure of the single family home market has helped spur the need for apartments, he said.

"They provide a good cash return," Bell said.

--Christopher Quinn

About the Author

Have you thought about how AI will change cybersecurity? You should.

Some Atlantans and companies are dabbling in AI, while others have fully embraced it. But with any fast-changing technology promising opportunity, there’s a dark side.

6 ways AI can upgrade your holiday shopping this season

Shoppers are turning to AI tools like ChatGPT, Gemini, Claude and Perplexity to research products, compare prices and more.

Hyundai suppliers fined after forklift death at Georgia EV factory site

Three companies affiliated with Hyundai’s Metaplant campus near Savannah have been fined for safety violations that allegedly contributed to a worker’s gruesome death.

The Latest

Credit: TNS

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

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

Featured

Credit: Phil Skinner / Staff

Atlanta antique appraiser made $20M selling fakes, lawsuit says

An Atlanta art and antique appraiser is being sued by a Florida multimillionaire, who says he spent about $20 million on thousands of fake works.

How an ex-Texan and a university helped change the face of a Georgia city

Mercer University President Bill Underwood is stepping down after two decades at the helm. He's credited with boosting enrollment, resurrecting football and reshaping Macon.

Thanksgiving to bring chilly, dry, overall delightful weather to metro Atlanta

A big drop in temperatures is coming overnight Wednesday, so go ahead and pull out those flannels and blankets.