Monarch acquired the Terrell Mill Center in 2012 and undertook a successful repositioning and leasing program over an 18 month period.
Stephen M. LaMastra, Managing Principal of Monarch, stated, “I am very proud of the way Monarch was able to improve, reposition and sell this property so quickly and successfully, less than two years after acquiring it.”
Monarch co-founder, Moshe Manoah, adds, “Monarch was able to more than double the investment made by its equity partners, while providing a huge return on investment for our investors and improving the property at the same time. This turnaround approach is a hallmark of Monarch’s strategy of providing strong investor returns.”
Monarch Investments Group owns numerous other retail properties in the greater Atlanta area and throughout the southeastern U.S. Monarch is an affiliate of Atlanta-based Crown Holdings Group, founded in 2009 by Blair Schlossberg and Moshe Manoah.
Crown has investments in retail, multifamily, office, residential and mixed-use properties. Crown and its affiliates have acquired over $350 million worth of assets over the past few years and plan to acquire over $1 billion worth of commercial properties over the next three years.
Monarch ([email protected]) is actively seeking to acquire properties throughout the southeastern U.S.