The Shoptaw Group Refinances Miller Station on Peachtree

Today, The Shoptaw Group (“Shoptaw”) along with its capital advisor Patterson Real Estate Advisory Group (“Patterson”) announced the closing of a $16 mm loan with MetLife. The loan is secured by Miller Station on Peachtree (“Miller Station”), a 192-unit, Class-A multifamily property located in the Chamblee submarket of Atlanta. Through one of its sponsored real estate funds, Shoptaw bought Miller Station (then known as Battery at Chamblee Station) in late 2012 and has been implementing its income optimization initiative over the past 18 months.