Raelcorp Breaks Ground in Memphis on Phase II

News Release.

 

DALLAS, June 15th, 2014 – Rael Development Corporation (“Raelcorp”) and RDC Fund VIII, Inc. are pleased to announce that construction has begun on Phase II for Gather Southern, located in Memphis, Tennessee. Phase II will provide an additional 171-beds to the existing 264-bed Gather on Southern (Phase I) development.  The first phase of Gather on Southern was delivered in Fall 2014 and is fully occupied. 

 

Gather Southern is conveniently located directly across from the University of Memphis (enrollment size of ~22,500) campus, and provides a full-suite of creatively designed amenities and services for each student/resident.

 

The project will be delivered in the Summer of 2015.

 

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About Rael Development Corporation

Rael Development Corporation (Raelcorp) is a privately-held real estate company focused on the development, investment and management of commercial real estate. Founded in 1977, the firm has acquired and developed an array of trophy properties in select markets across the country. The company is guided by its experienced senior leadership along with a dedicated staff of veteran real estate professionals. The company maintains offices in Newport Beach, California and Dallas, Texas. For more information on RaelCorp, please visit the company website at www.raelcorp.com or send us an email at info@raelcorp.com.

 

About RDC U.S. Real Estate Funds

RDC U.S. Real Estate Funds (RDC) are a series of private equity partnerships established by the Principals of Rael Development Corporation, that invest in well located real estate assets in the United States. Investments have included existing value-added multi-family properties, opportunistic retail strategies and ground-up Class A student housing. 

 

Raelcorp Contact:

Karah Rathmell | Director Marketing & Communications

P: (214) 613-4712

E: karah@raelcorp.com

 

 

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