The Newnan Times-Herald reports that Bleakly client, Continental Properties, has the green light to build 320 market-rate apartments in the fast-growing town of Newnan, which is in the southern portion of the Atlanta region.
In the news report Continental development director Gwyn Wheeler said the company was attracted to Newnan because it’s the fifth fastest growing community in Georgia—data she gathered from a recent Bleakly market study for the property.
Bleakly’s apartment market study for Continental analyzed the supply and demand conditions for the local Coweta County market area and made recommendations regarding achievable rent levels and potential lease-up pace.
Continental has since hired Bleakly Advisory Group to conduct similar analyses for other locations in the Atlanta metropolitan area.
For information on how Bleakly Advisory Group can help analyze housing development related questions email or call Geoff Koski, president of the firm.
Read the Times-Herald report here: http://times-herald.com/news/2018/08/city-council-approves-320-unit-apartment-community