Georgia Candidate Bought Condo From Lobbyist

“The leading Republican candidate in Georgia’s high-profile governor’s race, Lt. Gov. Casey Cagle (R), bought a condominium in downtown Atlanta 10 years ago from a State Capitol lobbyist, seemingly at a discount,” a New York Times investigation has found.

“Real estate records show that Mr. Cagle, who faces a runoff for the Republican nomination on July 24, purchased the one-bedroom apartment at 24 percent less than its appraised value — below comparable sales prices — and sold it last year at a 29 percent profit. He was preparing for his first run for governor when, without an agent, he negotiated the deal with Terry Hobbs, a longtime lobbyist who represents the natural gas marketer Scana.”