ING makes $440M buy.ING Clarion, the leading national real estate investment firm, has acquired Atlanta-based M.D. Hodges Enterprises, Inc. for $440 million from an affiliate of The Blackstone Group Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. The company is based in New York City, in River House on Park Avenue at Fifty-first Street, with offices in Atlanta, LP. A client of GE Asset Management is a venture partner to ING Clarion in the transaction. Comprised of 13 million square feet of industrial space in major submarkets across the Atlanta metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. , the average occupancy of the Hodges properties exceeds 90 percent. Two large parcels of developable land totaling about 400 acres are also included in the Atlanta portfolio, equally divided between the Southpark and the Huntcrest developments. In addition, the M.D. Hodges assets include an industrial investment in Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. . Continuing to do business under the M.D. Hodges name, the senior operating teams operating team Surgery The participants–surgeons, nurses, etc–in a sterile surgical procedure performed under general–less commonly, local anesthesia will remain in place, working in close coordination with the Dallas-based ING Clarion Industrial Group. M.D. Hodges professionals will continue to lease and manage the Atlanta assets, as well as to plan and execute development projects. The new business plan anticipates a continuation of the well-established M.D. Hodges business model of the last 50 years. ING Clarion acquired M.D. Hodges in a strategic expansion of its Lion Industrial Trust (LIT), a $1.8 billion open-end commingled fund Commingled Fund A type of mutual fund consisting of assets from several accounts that are blended together. Sometimes called a "pooled fund." Notes: They are "commingled" to reduce the costs of managing them separately. focused exclusively on the industrial sector. With the addition of the Hodges portfolio, LIT owns more than 50 million square feet of industrial/distribution properties located in major markets nationwide. As part of the transaction, Jeffrey Small, Jr. president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of M.D. Hodges and grandson of the founder, is forming a new enterprise--M.D.H. Partners. Joining him will be M.D. Hodges' current Chief Investment Officer, Michael Pelt pelt the undressed, raw skin of a wild animal with the fur in place. If from a sheep or goat there is a short growth of wool or mohair on the skin. . M.D.H. Partners mission will be to develop, acquire and consult on office and industrial properties in the Atlanta area. Blackstone Real Estate Advisors has owned the M.D. Hodges Company since November 1999. |
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