AARON RENTS v. FOURTEENTH STREET VENTURE

No. A00A0087.

533 S.E.2d 759 (2000)

243 Ga. App. 746

AARON RENTS, INC. v. FOURTEENTH STREET VENTURE, L.P. et al.

Court of Appeals of Georgia.

Reconsideration Denied May 1, 2000.

Certiorari Granted October 20, 2000.


Attorney(s) appearing for the Case

Minkin & Snyder, G. Brian Raley, Atlanta, Michael J. King, Norcross, Robert E. Spears, Jr., Savannah, for appellant.

Welch, Spell, Reemsnyder, Pless & Davis, Joseph G. Davis, Jr., Heyman & Sizemore, William B. Brown, Atlanta, for appellees.


JOHNSON, Chief Judge.

In 1980, James Shepherd and Ian Stalker formed Fourteenth Street Associates for the purpose of acquiring and operating certain property. Fourteenth Street Associates purchased two contiguous tracts of property in Atlanta, and in 1984, it bought a third tract adjacent to the other two tracts.

In 1986, Fourteenth Street Associates refinanced the property with a $3,200,000 loan from Life Insurance...

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