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Professor Massey is commended for accommodating a busy work schedule for a development proposal involving acquiring and redeveloping Georgian Woods Apartments in Midtown Memphis. The opportunity to invest in Memphis's growing real estate market with a projected 45% return and $10.6 million NPV over five years for a $3 million equity investment is presented. Midtown Memphis is highlighted as a growing urban core area with shifting demographic trends towards the city center. The success of downtown redevelopment in the late 90s and early 2000s serves as a precedent for potential growth in Midtown.
