Birmingham, January 23, 2024 – LMS Investment Management, a leader in real estate investment, proudly announces the successful acquisition and closing of Prose Fairview Apartments, now rebranded as Fairview Springs. This strategic move solidifies LMS Investment Management’s commitment to sourcing excellent real estate opportunities and delivering exceptional returns for investors.
Fairview Springs, a meticulously constructed 318-apartment home community completed in 2022, is poised to become a flagship property in LMS Investment Management’s portfolio. The community, comprising one- and two-bedroom apartment homes, achieved stabilization in a remarkably short seven months.
Situated in the thriving I-20 corridor, Fairview Springs aligns with the dynamic growth of industries including e-commerce, pharma, movie production, and auto/aeronautical manufacturing. The area is projected to generate over 10,000 jobs in the next few years, contributing to an existing housing shortage.
Recent data from CoStar highlights our submarket as having the fastest-growing rent and occupancy rates in all of Metro Atlanta, further underscoring the potential for substantial returns on this investment.
LMS Investment Management is optimistic about the future of Fairview Springs and its ability to produce strong growth and exceptional returns for partners and investors. The company’s expertise in identifying prime real estate opportunities aligns seamlessly with the promising prospects of the I-20 corridor.
“We are thrilled to welcome Fairview Springs to our portfolio. This acquisition represents a significant milestone for LMS Investment Management, and we are confident in the success and growth potential of this exceptional property,” said Sean Henry, Chief Investment Officer at LMS Investment Management.
The acquisition of Fairview Springs was made possible through the dedication of LMS Investment Management’s talented team and the support of valued partners.
About LMS Investment Management:
Headquartered in Birmingham, Alabama, LMS Investment Management is a vertically integrated real estate company specializing in acquisitions, development, construction, and property management with more than $800 million in assets under management. With a proven track record of identifying and capitalizing on lucrative real estate opportunities, LMS Investment Management is dedicated to delivering exceptional returns for partners and investors.
