**The Ardent Companies Acquires Atlanta Retail Property, Plans Mixed-Use Redevelopment**
The Ardent Companies has acquired Perimeter Pointe, a 360,000-square-foot retail property located in the heart of Atlanta’s Perimeter market. The investment firm plans to reposition the shopping center into a vibrant mixed-use destination.
The redevelopment strategy involves a strategic lease-up of vacant spaces, remerchandising the existing tenant mix, and integrating a new multifamily residential component.
Over the past year, Ardent has acquired over $115 million in ground-up mixed-use development and redevelopment projects throughout the Southeastern U.S. These ventures pave the way for an additional $350 million in future development.
Just last week, Ardent announced the sale of the final parcel of a 268,000-square-foot mixed-use redevelopment in Roswell, Georgia, completing the transformation of an underperforming shopping center into a fully leased live-play-work destination.
Since its inception in 2012, Ardent has capitalized $3.5 billion across 140 equity investments.
