SDG Funds CentDev Properties
Atlanta – SDG Real Estate Advisors, LLC, through its SDG Value Fund I, LP has funded equity for CentDev Properties, LLC to redevelop four acres in Douglasville, Georgia. The transaction closed in early December 2007.
This marks the first in a series of CentDev developments in which SDG will provide equity funding. SDG plans to fund equity for CentDev retail developments in Greenwood, South Carolina, as well as an 80-acre mixed-use project in Kernersville, North Carolina.
The Douglasville development will include a hotel and fast food restaurant. The site for the restaurant will be ground leased to a national operator and the hotel site is under contract to a hotel developer. Construction time on this project is expected to be less than six months.
Due to the size of the project, SDG Value Fund I, LP was able to fund this investment without a subscription call.
SDG Advisors provides opportunities for high net worth individuals, family trusts, and other accredited investors to participate in a diversified, institutional-style real estate fund. SDG Value Fund I is an investment vehicle that focuses on real estate with significant capital appreciation potential.
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