ATLANTA, Jan. 17, 2018 /PRNewswire/ -- With a successful 2017 in the rearview mirror, PPD Holdings, LLLP will embark on an ambitious agenda — with its sights set on Florida and Georgia — that includes new construction and securing land for multifamily projects.
In Georgia, PPD Holdings plans to begin construction on The Crest at Acworth by the end of spring. In the meantime, they are in negotiations for a $30 million construction loan for the 300-unit project.
The Crest at Acworth is one of three properties planned for construction in 2018. The other two are in southwest Florida: The Crest at Bonita Springs and The Crest at Naples. The Crest at Bonita Springs will consist of 264 units in six three-story buildings and The Crest at Naples will consist of 200 units.
The three projects slated for development come on the heels of District at Duluth's completion. Located downtown Duluth, Georgia — and valued at more than $80 million — District at Duluth is a 370-unit mixed use project that will be completed in the summer.
Regarding another property in Georgia, PPD Holdings refinanced a loan with State Farm for The Crest at Laurel Canyon — a 350-unit luxury apartment community in Canton, Georgia — for $28.3 million.
Also on the horizon, PPD Holdings is searching for land to purchase across the southeast.
"Our focus is on the Greater Atlanta area; Raleigh, North Carolina and Tampa, Florida," PPD Holdings founder Pablo Diego said.
About PPD Holdings, LLLP
PPD Holdings is an investment company based in Atlanta that specializes in multifamily real estate and service-related industries across the Southeast. With over 30 years of combined experience, PPD Holdings has invested in assets worth more than $1 billion since its founding in the early 1990s. For more information, visit www.ppdholdings.com