Signature Property Group Plans for Future - Triad Business Journal
Fri. May 15, 2015
May 15, 2015 - The sale (of CityView at Southside), a first for Signature in its 25 years of business, lifts constraints on cash resources, said owner Frank Auman, allowing the group to develop four more properties in the year ahead.
"The main reason we're selling it is to fund expansion outside the Triad," Auman said. "We currently have three properies under contract between Raleigh and Burlington, and we are in negotiations with a fourth in the Raleigh area. We plan to start two this fall and two next spring."