Southeast Real Estate Business

OCT 2016

Southeast Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Southeast United States.

Issue link: https://southeastrealestatebusiness.epubxp.com/i/735102

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4 • October 2016 • Southeast Real Estate Business www.REBusinessOnline.com P U B L I S H E R S ' N O T E In late August, Southeast Real Estate Business conducted an informative and engaging roundtable discussion with key developers who are in the throes of building assets in Sandy Springs, Atlanta's second largest suburb. Alto- gether, the projects, led by the public- private City Springs development, rep- resent a $1 billion investment within a 1.5-mile radius. The roundtable featured conversa- tions about City Springs, the involve- ment of the Sandy Springs government, traffic and the construction timeline for these new developments. Check out the cover article entitled "There's a Sea Change in Sandy Springs" for the full discussion. Atlanta's retail market is seeing a trend of new developments and activ- ity following consumers back to the city's in-town nodes, such as Midtown, West Midtown and Buckhead. Two of the major retail developments under- way, however, are in Atlanta's afflu- ent northern suburbs — The Battery Atlanta in Cobb County and Avalon in Alpharetta. To read more about Atlan- ta's retail market, read the cover article entitled "Inward Focus for Atlanta." Speaking of retail developments, Shopping Center Business is hosting its third-annual Entertainment Expe- rience Evolution conference in Santa Monica, Calif., in early February. Reg- ister now while early bird rates still apply. In the meantime, InterFace Confer- ence Group has three conferences tak- ing place in the Southeast before the end of the year, including: • On-Campus Housing on Nov. 2-4 in Atlanta • Healthcare Real Estate Southeast on Nov. 16-17 in Nashville • Multifamily Southeast on Dec. 1 in Atlanta Jerry France Chairman & CEO Scott France President ROUNDTABLE FOCUSES ON THE LARGE-SCALE DEVELOPMENTS UNDERWAY IN SANDY SPRINGS FRANCE MEDIA, INC. EDITORIAL Jerry France ������������������������� Chairman & CEO/Publisher Scott France ������������������������������ President/Co-Publisher Michael Jacobs ����������������������������Chief Financial Officer Randall Shearin ��������������������SVP, Editorial & Operations Matt Valley ��������Editorial Director, Real Estate Regionals John Nelson ����������������������������������������������������������Editor Jaime Lackey �����������������������������������������Assistant Editor Haisten Willis �����������������������������������������Assistant Editor Katie Sloan ��������������������������������������������Assistant Editor Jeff Shaw �����������������������������������������������Assistant Editor Lynn Peisner ������������������������������������������Assistant Editor Nick Topolski �������������������������������������� Graphic Designer Julie Hunt ������������������������������������������� Graphic Designer ADVERTISING Scott France ���������������������������������������������Co-Publisher Ryan Nixon ������������������������������������ Associate Publisher Jeff Wright �����������������������������������������������Media Advisor CIRCULATION AND ADMINISTRATION Tammy Orr ��������������� Vice President, Circulation Director Teresa Hennington ��������������������������������� Office Manager Vally Smith ������������������������������������������������� Receptionist Southeast Real Estate Business (ISSN 1530-6097) is published monthly by France Publications, Inc., d/b/a France Media, Inc. Editorial and advertising offices are lo- cated at Two Securities Centre, 3500 Pied- mont Rd., Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262, facsimile (404) 832-8260. E-mail: southeast@francemedi- ainc.com. Periodicals postage paid at At- lanta, GA, and additional mailing offices. POSTMASTER: Send address changes to: Southeast Real Estate Business, P.O. Box 47065, Plymouth, MN 55447-0065. Southeast Real Estate Business is a regis- tered trademark of France Publications, Inc. Subscription rates: USA 1 year $69; 2 years: $116. Single copies are $10.00. For subscriber services, including change of address or subscriptions, please email SREB@kmpsgroup.com or call (800) 869- 6882. ©2016 France Publications, Inc. For re- prints or to photocopy articles, please con- tact Barbara Sherer, manager of special ad- vertising at (630) 553-9037. The opinions and statements made by authors, contributors and advertisers to Southeast Real Estate Business are not neces- sarily those of the editors and publishers. INTERFACE CONFERENCE GROUP Richard Kelley ������������������������������Senior Vice President Alicia Lewis ���������������������������������� Conference Manager Jordan Hopkins ������������������������Conference Coordinator October 2016 • Volume 17, Issue 7 HOME EQUITY LINE of CREDIT Read y f what' s next! 1) Subject to credit approval. Contact a HomeTrust Bank Loan Officer today for more details and program information. HomeTrust Bank checking account required to receive promotional rate. Minimum initial draw of $10,000 also required. An introductory rate of 2.24% ANNUAL PERCENTAGE RATE (APR), when paired with a HomeTrust checking account, or 2.74% APR applies for first 12 months, provided the balance does not fall below $10,000. Special offer ends 10/28/2016. If the balance falls below $10,000, or upon expiration of the initial 12 month period, the APR on existing and future balances will be a variable interest rate and is subject to change daily. e rate will equal the sum of the highest Prime Rate published in the "Money Rates" section of the Eastern Edition of the Wall Street Journal on the proceeding business day (the "Index"), plus a margin of 0.50% (the "margin"). As of 09/02/2016, the Prime Rate was 3.50%. e maximum APR is 16.00% or the maximum permitted by law, whichever is less. If you take an initial draw of $10,000 at an APR of 4.00%, took no other credit advances and made only the monthly payments, you would make 120 monthly "interest only" payments of $33.33 during the draw period, followed by 180 amortizing monthly payments ranging from $54.94 to $88.89 during the repayment period. Offer applies to new Home Equity Lines of Credit only. e minimum credit limit available is $12,500. Higher credit limits, up to a maximum of $500,000 ($250,000 for secondary liens), may be available to those who meet our credit standards. e amount of your loan will depend on your creditworthiness, the property used as collateral, your annual income, your debt-to-income ratio, and the value of your collateral. e amount of credit extended cannot exceed 80% of your home's value. is offer is limited to 1st and 2nd lien financing on owner-occupied, single family dwellings in the HomeTrust Bank market, and is not valid for investment properties, manufactured homes, residential lots or homes listed for sale. Hazard insurance and, if applicable, flood insurance are required. No fees must be paid to the bank to open and maintain a line-of-credit. However, you may have to pay certain fees to 3rd parties. If we cannot determine your home's value by an automated valuation model, you may have to pay for the cost of an appraisal, normally no more than $450. If your property is in VA, a recordation tax is payable to the Commonwealth. This tax varies based on location; however it approximates $0.25 on every $100 borrowed. HomeTrust Bank will pay up to a maximum of $400 towards VA recordation fees for qualified borrowers. If applicable, the total of all fees payable by you generally ranges between $350 and $750. To obtain this credit, you must respond on or before the offer expiration date and close the Home Equity Line of Credit by 12/15/2016. Pedro, BRANCH MANAGER NMLS #1399913 100 Queens Rd. • 704.971.7000 2.24 % APR 1 Introductory rate Fixed for first 12 months provided the balance does not fall below $10,000 & when paired with a HomeTrust checking account PRIME + 0.50 % APR 1 currently 3.50 % APR Variable rate after first 12 months For your bright idea.

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