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Nov 10, 2011

And the firm is actively hiring. Net, the firm will add about 100 jobs to the metro Atlanta economy, said Sharon Cauthen, PEM’s vice president in the Southeast.

The company has about 1,400 apartment units in metro Atlanta of its 7,000 nationwide, Cauthen said, after buying complexes such as Falcon Ridge Apartments in Decatur and Meadowbrook Manor in Lilburn.

The company specializes in buying distressed apartments and improving them, and managing complexes owned by third parties.

"The current economic climate made it a favorable opportunity to acquire apartment complexes at reasonable prices," Cauthen said.