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.
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 partnership with a family office, CGI+ Real Estate Strategies has acquired a two-property apartment portfolio in suburban Atlanta. This deal marks the largest transaction in the metro this year. For the full article, please visit here:...
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...
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.
Before the pandemic, the weather, low cost of living, and lower tax rates attracted people and businesses to the Southeast.
Then, when COVID-19 hit, things just accelerated.
A lot of apartment markets have struggled during the pandemic. Atlanta isn’t in that category. The Southern migration, propelled by strong job growth in Georgia, has led people to Atlanta. In the process, rental prices have risen.
CGI Strategies has sold City Walk, a mixed-use development in Atlanta’s Sweet Auburn Avenue Historic District to two separate investors, announced Mark Cohen, Managing Partner, Southeast Region. Located at 171 Auburn Avenue NE and spanning an entire city block, the...