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Jamestown Acquires Atlanta Subsidiary of North American Properties
Slice of Real Estate Team
August 16, 2024
Key Highlights:
Jamestown to acquire Atlanta subsidiary of North American Properties.
Acquisition includes $2 billion in assets under management across the Eastern U.S.
Jamestown to scale its vertically integrated platform and mixed-use expertise.
Source (Business Wire)
Notable Quotes:
"Jamestown’s North Star is to create inspiring places that serve as the foundation of community life and reinforce a sense of place and belonging, while generating value for investors."
"Our goal is to be the best mixed-use investor and operator globally, focusing on creating innovation hubs and community centers. As part of the firm’s next chapter, Jamestown plans to continue to scale its vertically integrated platform and mixed-use expertise to more markets."
"Joining Jamestown represents an exciting new chapter. We look forward to continuing to create dynamic, community-focused destinations and unlocking new value creation opportunities as part of Jamestown’s global platform."
Our Take:
This acquisition marks a significant strategic expansion for Jamestown, positioning the firm to further cement its leadership in the mixed-use real estate sector. By integrating the Atlanta subsidiary of North American Properties, Jamestown not only strengthens its suburban portfolio but also enhances its service offerings with a robust, vertically integrated platform. This move aligns with Jamestown's long-term vision of creating dynamic, community-centric spaces while generating value for investors across a broader geographic footprint. The synergy between Jamestown’s urban placemaking expertise and NAP’s suburban developments presents a promising pathway for future growth.