Virginia firm expands multi-family holdings to include 116 units in desirable Atlanta submarket.
FOR IMMEDIATE RELEASE / PRURGENT
NORFOLK, VA, MAY 8, 2018 - Cohen Investment Group (CIG) acquired The Taylor apartment community in Marietta, GA today. Hugh D. Cohen, Cohen Investment Group’s President remarked, “This acquisition is a great addition which reflects the upward trajectory of the company and our portfolio.” The Taylor Apartments also adds another Southeastern state to the firm’s geographical footprint, accompanying a variety of assets in North Carolina, South Carolina, Florida, and Virginia. Located in the northern perimeter of Atlanta not far from the new Atlanta Braves Stadium, The Taylor is a townhome and apartment community with amenities including a gym, pool, playground, and grilling stations. Floor plans consist of one, two, and three-bedroom units and will be managed by Strategic Management Partners of Atlanta to ensure the CIG “hands-on approach” is extended to the property. The Taylor was mostly renovated throughout by the previous owner will allow CIG to make smaller amenity based improvements, without a costly upgrade process. According to Brian Boehmcke, CIG’s COO, “In contrast to CIG’s prior multifamily undertakings, The Taylor is a much lighter value-add opportunity and allows the Norfolk-based firm to focus on operations and rents at the community rather than construction and upgrades. By balancing these efforts, CIG ensures their time, attention, and equity are being allocated to their best use.”
About Cohen Investment Group
Cohen Investment Group (CIG) is a privately owned commercial real estate investment firm with a team of highly skilled professionals with extensive backgrounds in asset management, leasing, sales, marketing, accounting and legal. The CIG portfolio focuses on office, retail, multi-family, student housing and self-storage investments in the mid-Atlantic and southern U.S. regions. Since its inception in 2014, the firm has completed $103 Million in various real estate transactions. Their office is located in Norfolk, Virginia. The company focuses on acquiring well-located properties that generate excellent net operating income with a focus on annualized cash-on-cash returns and internal rate of return. Cohen Investment Group is a relationship-driven, trusted commercial real estate investment advisor that provides quality corporate and institutional service on an entrepreneurial level to high net worth accredited individuals, family offices, and institutional investors. Cohen Investment Group prides themselves on timely reporting, accuracy, transparency, accountability, and integrity. To learn more about Cohen Investment Group, please visit http://www.coheninvestmentgrp.com or contact Hannahcoheninvestmentgrp.com.