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Atlanta & Southeast  + Apartments  |  June 13, 2019
David Cohen
By: David Cohen

Marietta Multifamily Community Trades for $34M

CBRE arranged the $33.6 million sale of The Hamptons at East Cobb, a 196-unit apartment community in Marietta. The property is located at 1523 Roswell Rd.

Kevin Geiger, Shea Campbell, Malcomb McComb, Paul Berry and Ashish Cholia of CBRE represented the seller, Memphis-based Fogelman Properties, in the transaction. The buyer was Cohen Esrey, a Kansas-based investment and asset management firm.

“The East Cobb market has an extremely high barrier to entry for investors due to a lack of developable land and a plethora of single-family homes, which makes Hamptons at East Cobb a rare commodity and great overall investment,” said CBRE’s Geiger. “Interest from the investment community for Atlanta product remains outstanding.”

To stay connected with multifamily news and trends, we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.

For comments, questions or concerns, please contact David Cohen

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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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