Jamestown Completes Acquisition of North American Properties' Atlanta Subsidiary
Slice of Real Estate Team
11/01/2024
Key Highlights:
- Jamestown acquires North American Properties' Atlanta subsidiary as of October 30, 2024.
- Acquisition includes real estate operating platform and portfolio investment.
- Expands Jamestown's $13.7B portfolio in high-growth Sun Belt markets.
- Portfolio includes prominent properties such as Colony Square, Avalon, and Mercato.
- North American Properties to remain an investor in the acquired portfolio.
Source: Business Wire
Quotes
“ “This acquisition gives us the ability to accelerate our expansion in secondary and tertiary markets throughout the Sun Belt where the population is growing.” ”
Matt Bronfman, CEO at Jamestown
Our Take:
Jamestown’s acquisition of North American Properties' Atlanta subsidiary marks a pivotal move into key Sun Belt and suburban markets, aligning with population growth and demand for mixed-use spaces in high-density areas. The acquisition allows Jamestown to leverage its design-driven, vertically integrated approach across a portfolio of prominent properties, strengthening its position as a leader in real estate investment and management. With a substantial $13.7 billion under management, Jamestown is well-poised to capitalize on demographic shifts while enhancing operational depth across fast-growing regions.
