The Roman Report
March 2022
Monthly Update
March was another busy month for Roman Group. We have been actively pursuing new deals on the market in Southern California and have a few interesting leads we will likely share with you soon, including an adaptive reuse opportunity in San Diego.
Noteworthy News
Co-Living Operators Report Increase in Demand for Single Occupancy Rooms
According to operators, before Covid-19, single occupancy rooms made up 30% of the demand and people preferred double or triple occupancy to save money. However, with social distancing becoming important, almost 60% of the demand is now coming for single occupancy rooms.
Stonecrest Sears will convert to $17M 'Lifestyle Complex' Food Hall
Adaptive-reuse concept called Priví will join recently opened aquarium in reimagining of Stonecrest Mall. Developers have unveiled plans for turning part of an ailing DeKalb County mall into a food, entertainment, working, and tourism complex that’s envisioned as a regional destination for Atlanta’s eastern suburbs.
