EDITION MAIN PAGE | Residential Real Estate
Germany's Jamestown Buys Atlanta's Green Street Properties
(ATLANTA, GA) - Jamestown, a Cologne, Germany-founded real estate investment and management company with offices in Cologne and Atlanta, has purchased Atlanta-based Green Street Properties for an undisclosed price.
Kelley will continue in her role as President and CEO of Green Street Properties.
"There is no doubt that with the growing need for green consulting services, Green Street is poised for growth. With Jamestown's resources and reputation we are well prepared to maximize future opportunities."
Kelley says Green Street will continue its focus on green consulting and developing "sustainable" mixed-use communities and buildings.
"Green Street is a best-in-class company with a business model that we are confident will become increasingly robust as more attention is focused on green, sustainable real estate development," says Jamestown Managing Director Matt Bronfman.
"Green Street has been pursuing this niche since the company was founded in 2001, and its team members are recognized experts in the field. They are truly ahead of the green curve and we share a common vision."
The principals of Green Street are Katharine Kelley, Walter Brown and Amy Merritt Swick. Alix Rice is also a member of the Green Street team.
Kelley, Green Street's President and CEO, has a long list of successful developments in Atlanta, including Post Riverside and Post Parkside apartment communities.
Most recently, she led the Green Street team in its development of Glenwood Park, a nationally recognized sustainable, new urbanist community just east of downtown Atlanta.
Green Street was co-founded by Charles Brewer, an Atlanta entrepreneur who previously founded MindSpring Enterprises. Brewer left Green Street in 2006, transferring ownership to the other founding partners - Kelley and Brown.
Bronfman says Jamestown has acquired more than $8 billion of real estate in the last decade. It is strategically focused on two primary markets: 24-hour cities and Sunbelt markets with strong demographic growth.
Katharine Kelley
In a prepared statement, Green Street president and CEO Katharine Kelley, says Jamestown will provide support for Green Street's business operations along with capital investment.Kelley will continue in her role as President and CEO of Green Street Properties.
"There is no doubt that with the growing need for green consulting services, Green Street is poised for growth. With Jamestown's resources and reputation we are well prepared to maximize future opportunities."
Kelley says Green Street will continue its focus on green consulting and developing "sustainable" mixed-use communities and buildings.
"Green Street is a best-in-class company with a business model that we are confident will become increasingly robust as more attention is focused on green, sustainable real estate development," says Jamestown Managing Director Matt Bronfman.
Matt Bronfman
"In the coming years, all real estate projects - new developments as well as existing assets - will be measured by their sustainability and environmental impact."Green Street has been pursuing this niche since the company was founded in 2001, and its team members are recognized experts in the field. They are truly ahead of the green curve and we share a common vision."
The principals of Green Street are Katharine Kelley, Walter Brown and Amy Merritt Swick. Alix Rice is also a member of the Green Street team.
Kelley, Green Street's President and CEO, has a long list of successful developments in Atlanta, including Post Riverside and Post Parkside apartment communities.
Most recently, she led the Green Street team in its development of Glenwood Park, a nationally recognized sustainable, new urbanist community just east of downtown Atlanta.
Green Street was co-founded by Charles Brewer, an Atlanta entrepreneur who previously founded MindSpring Enterprises. Brewer left Green Street in 2006, transferring ownership to the other founding partners - Kelley and Brown.
Bronfman says Jamestown has acquired more than $8 billion of real estate in the last decade. It is strategically focused on two primary markets: 24-hour cities and Sunbelt markets with strong demographic growth.
Copyright 2010 - 2012 WORLD PROPERTY CHANNEL NETWORKS, INC. All Rights Reserved.
Comment with