Managing Director Scott Werbel said the real estate company will start capital improvements to the properties and launch a strategy to attract new tenants.
Ardent acquired the portfolio in a partnership with Axonic Capital LLC and Taconic Capital Advisors LP.
Axonic is a New York based investment advisor founded by Clayton DeGiacinto in 2010. Taconic is a global institutional investment firm founded in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody.
Ardent has completed several large transactions over the past year, including an expansion of its ownership in Buckhead’s Piedmont Center, where it now controls nine buildings and 63 percent of the project.
Commercial Real Estate Editor
Atlanta Business Chronicle
From the Atlanta Business Chronicle: https://www.bizjournals.com/atlanta/news/2018/05/03/the-ardent-companies-buys-two-suburban-atlanta.html