PARTNERSHIP BUYS CONDO HIGH-RISE IN ATLANTA

ATLANTA — Admiral Capital Group and Wood Partners have partnered with the University of North Carolina Kegan-Flagler Business School's student-managed real estate fund to buy a 17-story condominium property in Atlanta. Brookhaven, located in Atlanta's Buckhead neighborhood, is a Class A, 209-unit community. Built in 1985, the condos were upgraded in 2008 with hardwood floors, granite countertops and stainless steel appliances. Atlanta-based Wood Partners led the purchase and the new owners plan to modernize the property. The partnership between Admiral and UNC's Business School was able to build on the mission of both organizations. NBA Hall of Famer David Robinson and Dan Bassichis, a former executive with Goldman Sachs, founded Admiral. A portion of Admiral's profits go toward philanthropic causes that Robinson supports. UNC's student-managed real estate fund was created to provide competitive financial returns to investors and provide first-hand real estate experience to UNC students.