Real estate investment and management firm Jamestown completed its acquisition of the Atlanta subsidiary of North American Properties on October 30. The transaction includes the subsidiary’s real estate operating platform, as well as an investment by a Jamestown affiliate in the platform’s portfolio of properties. Subsequent to the acquisition, Jamestown has assets under management of approximately $13.7 billion.
“This acquisition gives us the ability to accelerate our expansion in secondary and tertiary markets throughout the Sun Belt where the population is growing,” said Matt Bronfman, CEO of Jamestown. “The additional experience in these markets and product types reinforces and enhances our differential capabilities as a vertically integrated, mixed-use operator, providing additional bench strength in these fast-growing markets.”
With the acquisition, Jamestown is expanding its presence in Atlanta and suburban, high-growth markets. The portfolio of properties includes Colony Square (Atlanta, Georgia); Avalon (Alpharetta, Georgia); The Forum Peachtree Corners (Peachtree Corners, Georgia); Avenue East Cobb (Marietta, Georgia); Mercato (Naples, Florida); Birkdale Village (Huntersville, North Carolina); Ridge Hill (Yonkers, New York); Riverton (Sayreville, New Jersey) and Newport on the Levee (Newport, Kentucky).
Cincinnati-based North American Properties will continue to be an investor in the portfolio of properties. The company also will continue to own and operate real estate through its other affiliates and manage investments across its venture portfolio.
