The Fortis Company, represented by Tammie Lowe, CFO has purchased 1846 Fairfield Avenue, currently named the Highland View Tower, a 208 unit high rise multi-family property.
The Fortis Company will renovate the property to Class A standards to provide housing to the growing medical community in the Fairfield area.
The Fortis team is working with Plan A Architecture and Aillet, Fenner, Jolly & McClelland of Shreveport to provide the design and engineering for the project. Fortis currently owns and operates properties in Bossier City, Lake Charles, Dallas, Arlington, Mobile and Orange Beach. The seller was represented by John Hamilton of Vintage Multi Family – a department within Shreveport-based Vintage Realty Company.
Vintage Multi-family is a leader in the private and institutional multi-family brokerage investment sales in secondary and tertiary markets in Arkansas, East Texas, Louisiana and Mississippi. They specialize in all classifications of conventional apartment product, but have been involved with numerous subsidized and tax credit apartment projects over the years. Transaction sizes range between $1mm to $50mm or higher. John Hamilton and Luke Nicholls with Vintage Multi-family, have collectively been brokering apartment sales since 2002, with total sales volume near $1 billion.
Vintage Realty Company is a privately owned, full-service real estate firm specializing in the brokerage, development, property management and leasing of quality office, industrial, multi-family and retail properties throughout the south.