ATLANTA, Ga. (April 02, 2012) – Real Asset Capital, through its affiliation with FourBridges Capital Advisors, today announced the successful formalization of a commercial real estate partnership between Archer Properties, LLLP and Somera Capital Management for the Archer on North project in Athens, Ga.
 
Based in Atlanta, Archer Properties is a commercial real estate investor, developer and manager of management-intensive properties.  The firm specializes in the development and redevelopment of apartment buildings, student housing and hotel properties throughout the Southeastern region. 
 
“We are excited about expanding into the Athens, Georgia market and look forward to offering a fully amenitized all one bedroom apartment community less than a mile from Downtown Athens.  With the increased demand and solid enrollment numbers of the University of Georgia’s excellent graduate schools, we feel we are well positioned to provide a high value proposition to graduate students and young professionals who want a superior living option while maintaining extremely close proximity to downtown and the University,” said George Connell, COO of Archer Properties (www.archerprop.com). 

 
As a result of the efforts of Real Asset Capital, Archer Properties secured an institutional real estate partner in Somera Capital. The companies will proceed with the redevelopment and repositioning of a  140-unit student housing community one mile from the University of Georgia’s campus. The project, which consists of all one bedroom units, will cater to the particular needs of graduate students at the University of Georgia.  
 
“Archer Properties was able to assemble a very unique opportunity in Athens and we are very pleased to be in a venture with a team who we know can execute and produce a great housing option for students and young professionals.  Four Bridges brought a high degree of credibility to the transaction with their endorsement of Archer Properties and knowledge of the types of transactions Somera seeks to invest in” said Jake Farver with Somera Capital
 
“We are pleased to help create a partnership between two quality firms,” said Lance Healy, Principal of Real Asset Capital and partner with FourBridges Capital Advisors.  “The Archer on North project is another example of Archer Properties’ ability to identify and capitalize on niche investment opportunities, emphasizing their management expertise in select markets around the Southeast.”
 
About Archer Properties, LLLP

Founded in 2001, Archer Properties is a full service real estate company focused on providing superior quality housing and lodging facilities in growth and niche markets that are underdeveloped and underserved. By providing "best in class" service, cutting edge amenities, high quality construction and superior interior finishes; Archer provides a high value proposition to our residents and lodging guests. Since inception, Archer Properties has developed, acquired and financed over $50 million of real estate properties in the southeastern United States.


About Somera Capital 

Somera Capital Management is a boutique real estate investment firm that was founded in 1994 to acquire and manage value-added real estate investments on behalf of its principals and third party investors. Somera invests in properties that are well-located with sound physical and economic fundamentals, properties that have the ability to generate attractive levels of distributable cash, and properties to which Somera can add value by executing recapitalization or repositioning strategies.  As of September 2010, Somera has acquired a diversified portfolio consisting of 71 properties with an original cost basis of almost $1.9 billion dollars. 


About Real Asset Capital, LLC
Real Asset Capital is an Atlanta-based investment banking firm that addresses the unique needs of investors in income-producing, tangible assets.  The firm assists its clients with arranging and structuring all types of equity and debt financing for real asset projects, portfolios and companies.  Real Asset Capital represents private, middle market and institutional real asset investors and owners with Structured Finance, Equity Capital Formation, Mortgage Debt Finance, Asset Valuation and Merger & Acquisition advisory services.