In what is believed to be the largest multifamily transaction in Atlanta in 2021, CGI+ Real Estate Strategies (CGI+), in partnership with a family office, has acquired a two-property, 712-unit multifamily portfolio in Atlanta, GA from an affiliate of FPA Multifamily in an off-market transaction for $144.75 million.
For the full article, please visit here: https://yieldpro.com/2021/08/cgi-acquires-712-unit-apartment-portfolio-in-atlanta-for-144-75-million/
The real estate market is currently facing a period of uncertainty due to the economic impacts of the COVID-19 pandemic. Investors are worried about the potential for a prolonged recession, which could lead to a decrease in property values and a decrease in rental income. The uncertainty surrounding the future of the economy has caused investors to become more cautious about investing in real estate.
Aaron Cohen was interviewed by Multi-Housing News on how supply delays and inflation are slowing apartment renovations.