The Gwinnett Place Mall Finally Has A Buyer: Gwinnett County

A Boston multifamily investor has made its first foray into Atlanta and plans to buy up metro units over the next few years. Northland Investment Corp. purchased Novel Perimeter, a 320-unit luxury apartment complex off Glenridge Drive overlooking >

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This may have been the year of widespread illness, social isolation, economic hardship and overall uncertainty, but property managers have made one thing clear: Christmas is not canceled.

Whether it is elaborate outdoor lighting, lobby decorations or interactive displays, property managers across all asset classes nationwide have still worked to deliver some holiday cheer even as they struggle with balance sheets and occupancy.

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It has been a grim year in many ways, but according to community revitalization expert Quint Studer, some small and midsized communities are showing remarkable resourcefulness in the face not only of the coronavirus pandemic but also longer-term economic forces.

The Studer Community Institute, a Pensacola-based organization that Studer founded and heads, recently recognized seven such places with Community Resiliency Awards. 

"Over the years, small and midsized cities have lost their talent to larger metros," Studer said. "Capital follows talent and talent follows place. Talent wants to be in a vibrant, healthy place. Creating healthier communities isn't something that takes a year or two. It's 10 years or more, and we were looking for communities that just got started and are trying to get some traction when it comes to their own improvement."

It has been too easy for smaller communities to simply think of themselves as victims when talent leaves, Studer said. In giving out the awards, the organization wants to recognize places trying to take control of their own destinies. Some workers, and the companies who employ them, are more open than before to locating away from larger, more expensive metros and working remotely. Resourceful communities might be able to capture some of that exodus.

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This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Thru Shivakumar spent about 13 years working on the capital side of real estate. Figuring out the processes and personalities of real estate was a challenge, as was often being the only female in the room when she worked for or with funds — at one point, she even left the industry.

But good mentors brought her back, though now with a whole new focus: Two years ago, she founded proptech company Cohesion, which provides an app owners and managers can use to do everything from manage smart building technologies to offer tenant experiences and perks like calling an elevator from your phone.

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