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DEVELOPMENT

Ciropic focuses on workforce and senior affordable housing, mixed-use developments, office, and economic revitalization projects, working with municipalities, development authorities, non-profit organizations, property owners, strategic partners, and developers.

ACQUISITIONS & SALES

We represent buyers or sellers in purchasing or disposing of land and property in accordance with their strategic plan, providing guidance as needed.

ADVISORY SERVICES

We provide project or hourly based consulting services for deal structuring, tax credits, entitlement and permitting, vendor selection, project management and agency representation for municipalities, property owners and businesses.

INVESTMENTS

Ciropic invests in land, multifamily, and businesses that are complimentary acquisitions with our existing verticals or that are underperforming assets.

WHO WE ARE

Ciropic is a real estate development and advisory services company, headquartered in Georgia, focusing on workforce and senior affordable housing, multifamily, mixed-use, office and economic revitalization projects.  Our Senior Management team has more than 120 years of combined experience.

OUR CORE STRENGTHS

Our Development team works with owners, developers and investors to bring their vision to the market.  We recognize marketplace voids and needed product/service solutions, conceptualize deliverable solutions, and present actionable concepts.  We develop the concept in numerous ways, creating business cases, modeling the data, pricing the engagement, scheduling and budgeting, analyzing macro and micro economic events, to better evaluate the project.

We perform marketing research, analytics, and financial analysis to understand the market and the position, pricing, and promotion strategy, to determine if the project can efficiently and effectively be done.  If hurdles exist that suggests a “No-Go,” then we generally do not proceed.  If there is a “Go” decision, then we move to developing an actionable plan.

We develop an implementation strategic with time, scope, and costs criteria (regardless if it is a construction project, property development and/or verticals on subject property), with results tracking and reporting.  We team with strategic partners, such as general contractors, developers, architects, and engineers in and outside of Georgia.  We connect and collaborate with other professionals on a case-by-case basis or an on-going basis, to bring skills sets, funding, and other resources to complement our team.

Our team members have a plethora of real estate construction and development, banking, underwriting, deal structuring, accounting, tax planning, financial analysis, and packing experience.  Our team members have syndicated partnership deals, prepared and pitched investment decks, raised money through private placements, and so much more.  We stand apart from the competition in analyzing ROIC and cash yield on various project types.

Our Expert Team

PAUL ROUSSEAU, CPA, MACC, MS

Principal - Construction & Development

KERRY-STEWART

KERRY STEWART, MBA

Principal - Construction & Strategic Partnerships

roderick-simpson

RODERICK SIMPSON, MBA

Principal - Banking & Affordable Housing Finance

REGINALD-SNYDER

REGINALD SNYDER, J.D., MPH

Principal - General Counsel

james-maclemor

JAMES “SKIP” MCLEMORE, MPA

Broker & Principal - Acquisitions & Investment Sales

Darrell

DARRELL THOMAS, MPS

Principal – Acquisitions, Development & Investments

Recent News

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Retail Investments Dry Up As Buyers Can’t Figure Out What Cap Rates Should Be

April 9, 2020 / By WebSiteAdmin

As landlords wait and see which retail tenants will be paying rents, real estate investors are facing their own uncertainty: How to determine a cap rate on a potential shopping center investment if rents are…

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‘It’s Pretty Apocalyptic’: Construction Sites Shutting Down Even As Most Cities Deem Them Essential

April 9, 2020 / By WebSiteAdmin

A single comma added to a shelter-in-place order made a whole city’s construction industry breathe a sigh of relief. Atlanta Mayor Keisha Lance Bottoms issued a shelter-in-place executive order Monday evening, making Atlanta just one…

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After Moratorium And Required Vouchers, How Far Will Atlanta Go In Its Quest For Affordable Housing?

March 20, 2020 / By WebSiteAdmin

Just this week, the city of Atlanta enacted a development moratorium in parts of West Atlanta and passed an ordinance that forces apartment owners to accept public assistance vouchers in an effort to combat Atlanta’s…

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Vision unveiled for West End Mall’s rebirth as mixed-use ‘opportunity zone’

March 20, 2020 / By WebSiteAdmin

The proposed redevelopment of West End’s aging mall into a bustling hub of offices, hotel rooms, and affordable housing that would set a national example for how federal “opportunity zones” could prosper is moving forward,…

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Beltline denied federal grant to fund Southside Trail construction

March 20, 2020 / By WebSiteAdmin

The U.S. Department of Transportation has announced that 55 infrastructure projects across the country have been awarded grants from the federal Better Utilizing Investments to Leverage Development (BUILD) program. The Atlanta Beltline, unfortunately, is not…

SCAD Atlanta plans 20-story tower with 973 beds, auditorium

March 20, 2020 / By WebSiteAdmin

SCAD Atlanta could be planning a major addition to its Midtown campus.  The art and design university is proposing a 20-story, mixed-use tower at 1470 Spring Street, according to an agenda from the Midtown Alliance.…

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Former head of Chicago housing tapped to lead Atlanta Housing Authority

October 10, 2019 / By WebSiteAdmin

Atlanta will be 9th major stop for housing veteran Eugene Jones Jr. Eugene Jones Jr., fresh off a stint running housing in Chicago, will become the new president and chief executive officer of the Atlanta…

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Beltline names pair of top executives

August 21, 2019 / By WebSiteAdmin

The group that runs the Atlanta Beltline has named two new top executives. Atlanta BeltLine Inc. named Aasia Mustakeem general counsel and Ruben Brooks chief operating officer. Mustakeem will work closely with the Chief Executive…

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Beltline lifts veil on potential I-20 pedestrian bridge, further Southside Trail connections

August 21, 2019 / By WebSiteAdmin

The highly anticipated connection between the Beltline’s popular Eastside and Westside trails is showing more signs of promise by the day, as project officials unveil new details about a 4.5-mile section that could link Atlanta’s…

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Exploring the Beltline’s downtown Connector corridor and what it could mean for Atlanta

August 21, 2019 / By WebSiteAdmin

It’s a drizzly afternoon at a place most Atlantans have never been: an elevated, abandoned railroad corridor directly west of Bank of America Plaza, the city’s tallest building. Given the corridor’s narrow width, height above…

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