Hathaway Announces New Apartment Development in Panama City, FL

Atlanta, GA (August 2022) — Hathaway and its strategic equity partners Lynx Capital, LLC and Marble Capital LP recently closed a transaction to acquire 14.9 acres to do ground-up construction on a 256-unit class "A" garden-style apartment community in Panama City, FL. Located on the west side of Panama City, the site is adjacent to Sweet Bay, a master planned community consisting of single-family homes, an apartment project, retail space, a charter school, and a grocery store. The project is set to break ground immediately and is planned to be fully constructed in the 4th quarter of 2024.

The project will be named Exchange at North Bay Apartments and is planned to begin leasing in the 3rd quarter of 2023. The multifamily community will offer 1-, 2-, and 3-bedroom floor plans with granite countertops in kitchens and bathrooms, 9-foot ceilings, oversized walk-in closets, and spacious balconies/patios. Amenities include a clubhouse, state-of-the-art fitness center, electric car-charging stations, 24/7 package concierge lockers, dog parks, valet trash service, an outdoor grilling area, and a resort-style swimming pool.

Hathaway is headquartered in Atlanta, GA, and operates in multiple primary, secondary, and tertiary markets nationwide. Since its inception, Hathaway has developed, acquired, and/or built over 15,000 multi-family units in 9 states, totaling over $1 billion in asset creation for its investors and clients. By focusing on a variety of markets, Hathaway has positioned itself to appeal to a wider range of investors while working through inevitable, challenging market changes. Hathaway's primary objective is to provide the highest yield to its investors, while focusing on the desires and expectations of its residents in each community.