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Atlanta & Southeast  + Atlanta  + Apartments  |  August 6, 2021
David Cohen
By: David Cohen

CGI+ Snags Atlanta Apartment Portfolio for $145M

CGI+ Real Estate Strategies, in partnership with a family office, has acquired a two-property, 712-unit multifamily portfolio in Atlanta. The sales price was $144.8 million.

The portfolio includes The Mille Brookhaven, a 359-unit community built in 2014, and TwentyNine 24 Brookhaven, a 353-unit community built in 2009. The two adjoining properties are located in the Atlanta submarket of Brookhaven. Mille Brookhaven is located at 1000 Barone Ave. NE and TwentyNine24 is located at 2924 Clairmont Rd. Both properties offer a mix of one-, two- and three-bedroom floor plans, vaulted ceilings chef-inspired gourmet kitchens with stainless steel appliances, quartz countertops, in-unit washers and dryers, upgraded flooring, built-in workspaces and terraces.

CGI+ acquired the portfolio in an off-market transaction from FPA Multifamily.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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