Top stories and aggregated facts on Multifamily Real Estate, curated for Investors and Business Partners.
Apartment transaction volume has recovered from its COVID-19 slump. In the second quarter, apartment transactions hit $52.7 billion—a record high, according to Real Capital Analytics (RCA). That was 40% more than the $37.6 billion it averaged across second quarters from 2015 to 2019.
CGI+ Real Estate Strategies has seen potential in the Southeast for a long time. A decade ago, as money was still moving to the larger coastal cities following The Global Financial Crisis, CGI+ (then known as Cohen & Associates) made two opportunistic Southeastern deals in late 2011.
While many commercial sectors struggled through the pandemic, apartments, specifically those in the suburbs, held up relatively well. Now that a recovery seems to be underway, the urban apartment market is picking up steam. JLL reports that apartment asking rents...
CGI+ Real Estate Investment Strategies (“CGI+”) has sold Astoria at Celebration, a 306-unit luxury multifamily community in Celebration, FL to Versity Investments for $74.5 Million. Originally completed in 2016, the property, which was then known as Sola at...
Renters and prospective homebuyers have been leaving cities at an unprecedented pace since the beginning of the COVID-19 pandemic. New York City lost a staggering 110,000 residents from February to July of this year. That’s roughly 500% more than the previous year. So...
To say we’re living in strange times is, perhaps, the biggest understatement of the year. There are few areas of our lives and work that COVID-19 has not affected, from stay-at-home orders, masks as the new normal, school shut-downs, and endless Zoom meetings...
CGI Strategies began lease up efforts this March after completing multi-million dollar renovations on our Celebration, FL – based property, Astoria at Celebration. Acquired by CGI in 2019, the property was originally developed in 2015 but suffered from construction...
CBRE recently released its 2019 multifamily inbound investment trends. Several things in the findings were noteworthy and provide confirmation that at CGI Strategies we are continually staying with the trends and building a foundation to withstand even the most...
When you think of real estate investment companies, chances are nothing extraordinary comes to mind—unless, of course, you’re thinking about CGI Strategies. Led by innovator and changemaker Gidi Cohen, CGI has pulled away from the pack of typical real estate...
The heads of Disney told us that they are more excited about the development of Astoria than they have been about any other development in a while. They recognize that CGI thinks outside of the box and brings a style that very few developers embody. Here are some of...