President’s Message: Lucky 13!

As we embark upon a new year – 2013 (lucky 13!), I look back in amazement at how much our Stirling team has accomplished over the last twelve months.

We started the year with the acquisition of Avant Properties in Shreveport, Louisiana and capped it off with our recently announced joint venture development deal with CBL Properties of the Fremaux Town Center in Slidell, Louisiana.

In between those two milestone bookends, consider the following list of other accomplishments:

• The kickoff of Mid-City Market in New Orleans.
• The historic redevelopment of the American Legion Building into a state of the art Walgreens Drug Store on Magazine Street in New Orleans.
• The opening of The Fresh Market on St. Charles Avenue in New Orleans.
• The $24 million acquisition of Tiger Manor Apartments in Baton Rouge.
• The securing of two new Walgreens development deals in Terrytown & Gulfport.
• The opening of Sam’s Club at River Chase in Covington.
• The successful closing of over $100 million in financing.
• The increase of over 16% of our commercial brokerage volume.

And while all of this was happening, we were also able to implement a new, state-of-the-art accounting software, introduce a brand new corporate website and complete a major restructuring of the company.

These accomplishments are all tributes to the outstanding team of professionals at Stirling Properties.  We are now setting our sights on an outstanding new year and plan on making some additional major announcements soon.  2013 will certainly be a banner year – and lucky too.