Business
Southprop makes positive return to investors
By Gertha Coffee
Jan 22, 2010Atlanta real estate investment firm Southprop Inc. bucked the dismal real estate trend by distributing an average return on initial investment of 27 percent to its retail investors in 2009.
It was the best year in the private company’s 26-year history, said vice president Brad Glenn.
"Despite the unpleasant real estate climate, Southprop's long-term plan of purchasing good property, paying off the mortgages and taking good care of the tenants enabled us to provide positive returns to our investors," Glenn said.
