1. FLOSSY REPORTS – Atlanta – 4th
Quarter 2015
Positive Growth! It’s a wonderful thing and for the City of Atlanta great news. The recovery
continues well into 2017, adjustments will be forthcoming as this recovery will not include all
zip codes in Metro Atlanta.
The political fun continues yet most young adults have lost faith in those involved with any form
of Government. Will politics govern the redevelopment of Turner Field? Arthur Blank is a very
smart man, including underserved construction workers in the building of the new Georgia Dome
has been a relief to many families. Will his model continue with the redevelopment of Morris
Brown College? Speaking of Morris Brown College, word of the City of Atlanta purchasing the
property located a short walk away from the Georgia Dome had many question the motives of
Mayor Reed and other benefactors. That purchase will forever change the City of Atlanta; many
off record believe the expansion of downtown will light additional fire to the fastest gentrifying
city in America?
Income inequality has become more than a conversation; reports of forty (40) percent of families
live at or below the poverty rate will become a major hurdle to overcome. Current minimum
wage of $7.50 before taxes in 2015 is cause for concern. We have spoken to several Police in the
city of Atlanta and they are frustrated, sitting inside their vehicles scanning license plates to
generate traffic revenues. The low wages have becoming the primary reason for missing teeth
and uptick in petty crimes. The wages also promote fraud in owning a home, car and apartment.
Metro Atlanta was ranked near the top in Mortgage fraud and foreclosures.
Things are improving and this recovery is real, but the City of Atlanta looks the same and until
the schools (including the colleges) improve and wages increase this will be a volatile yet
somewhat safe market for homeowners, investors and real estate brokers. Metro Atlanta’s main
public transit system “MARTA” will play a major role moving things forward. Expansion of
MARTA into the suburbs has become political and poverty is the main issue for expansion.
Driving thru many parts on Vine City/English Ave is an embarrassment to the USA and people
that live in Metro Atlanta, its worse than we want to speak on. Metro Atlanta is growing and
changing but its time to expand the current focus of Buckhead and Midtown Atlanta.

2. FLOSSY REPORTS – Columbus, Ohio 4th Quarter 2015
The vibes from Central Ohio are mellow, fun and confusing! This Central Ohio City has the
same issues today that it had ten years ago. The only thing GOP, Democrat, boy or girl agree on
is the need for light rail and/or street car trolley cars.
The rebirth of Downtown is so needed yet overblown with projects that are not game changers,
but necessary to foster additional growth of residents to the CBD. Some believe the creation of
the Arena District limits the growth and expansion. Low density in several areas of the CBD are
a major concern for investors; without walk able traffic the growth and expansion will be
difficult if not impossible.
One problem that doesn’t seem to be a problem for city officials; 99% of affordable housing is
created by one family business, so all the housing looks the same. Investors hate communities
that lack density, sidewalks, street lights, curbs and public space without bathrooms and
amenities. Some officials believe that’s why multi-family starts have been limited to the areas
surrounding Ohio State and CCAD. Bulldozing must stop yesterday; some streets only have two
(2) homes. Our CEO had lunch with an investor and she said this is how the issues got started in
Detroit = aggressive bulldozing. City officials must know every property bulldozed removes
another property from their tax base? Bulldozing also hurts the City of Columbus’ effort to
attract tech millennial type to create businesses; techies love old funky buildings with exposed
brick and open floor plans.
The surprise has been the demise of former middle class areas like out East (Brice) and North
(Morse Rd). Columbus has major issues with the perception of Columbus Public Schools (CPS),
the teachers and students deserve better. Hiding issues behind college kids and football has
grown tired. Don’t confuse a profitable college football program with a perfect city. The
construction talent is above average yet lacks depth and diversity. CPS has one of the better
construction programs in the country but nobody seems to care about the kids if they don’t play
football for Ohio State. The main reason for fatal shootings is the youth are not a concern. The
income opportunities on the bus line are limited at best. The shootings are a major problem
moving forward. One local said we are the next Chicago? If you’re a risk taker this is a safe
market. Columbus’ low barrier to entry is the best opportunity for new businesses and investors.