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FOR IMMEDIATE RELEASE
UC Funds $18 Million Equity Investment in Fayetteville, GA
UC Funds closes another Georgia transaction, the ground-up development of a new urban mixed-use project in burgeoning film and entertainment market
Boston, MA – May 20, 2019 – UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced today its $18 million equity investment to develop a new urban mixed-use project in the burgeoning film and entertainment market in Fayetteville, Georgia.
Just 20 miles from downtown Atlanta, The Lofts at Pinewood will consist of 263 multifamily units; 29,000 square feet of retail space; and a 262-space parking garage. The Lofts is the first phase of Pinewood Forest’s 234-acre master-planned development, which will include 750 single-family residences, 300 hotel rooms, and 100,000 square feet of office and retail space.
UC Funds’ investment enables the development of Pinewood Forest’s first multifamily units, The Lofts at Pinewood, and the start of the mixed-use plan. This marks UC Funds’ 30th transaction in the greater Atlanta region.
“The Lofts at Pinewood’s success will lead to our continued involvement in subsequent phases of this transformative urban development in Fayetteville,” said Daniel Palmier, Founder and CEO of UC Funds. “We are excited to be in on the “ground floor”, transforming this new area surrounding Pinewood Studios and to be part of the growth of Pinewood Forest’s submarket of Fayetteville with best-in-class visionary partners. This makes for a great addition to our Georgia portfolio and we plan to further expand our footprint in this robust region in the coming months.”
The Lofts at Pinewood in Pinewood Forest sits just off of Tillman Place in Fayette County, 20 miles south of downtown Atlanta. Two major nearby employers include Pinewood Atlanta Studios and Piedmont Fayette Hospital, with employment exceeding 2,000 people at both facilities. The property is well-situated 12 miles south of Hartsfield-Jackson International Airport, the busiest airport in the world in terms of passengers per day. Pinewood Forest is also located in a robust region for employment in the film and entertainment, education, healthcare, leisure, and hospitality sectors.
About UC Funds
Providing over $2 billion of capital solutions to date, UC Funds is known as the “go to” commercial real estate capital provider and the most sophisticated financial ally in the industry. Their team is dedicated to developing and maintaining long-term relationships with borrowers, and the company has earned a strong reputation for providing extensive reliability, standing by borrowers through completion. Those interested in learning more about UC Funds can visit www.UCFunds.com or call (844) UC Funds.
Associate Vice President