Lane Co., an Atlanta-based multifamily real estate company, has announced a $150 million joint venture with Mortgage Stanley Real Estate, New York, to invest in apartments, condominium conversions, and new development in major metropolitan areas in the Southeast.Bill Donges, Lane's chief executive officer, said the Southeast has "very strong" multifamily demographics. "The venture will be weighted more heavily towards apartment acquisitions and will target high-quality locations for core through value-added acquisition opportunities," he said. Lane Co. can be found on the Web at http://www.lanecompany.com.
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