Croatan Investments and its joint venture partner CGR Advisors announce the sale of Park on Clairmont in Atlanta, GA.
Park on Clairmont is a 111-unit community built in two phases in 1984 and 1996. Located in the highly desirable Brookhaven community, the property is in close proximity to Century Center office park, a rapidly-growing $2.5 billion medical complex anchored by Children’s Healthcare of Atlanta, and I-85.
Croatan and CGR Advisors purchased the asset in 2016. Over the past three years, they completed extensive renovations to unit interiors along with improvements to the clubhouse, building exteriors, common areas, and community amenities.
Croatan and CGR Advisors extend their appreciation to the team at CBRE Atlanta for their representation in the sale.
About Croatan Investments
Croatan Investments is a privately-held investment firm specializing in multifamily real estate. The company pursues investments that it believes have excellent intrinsic value with the goal of creating and preserving the wealth of its high-net-worth investors and institutional partners.
With a seasoned team of real estate, construction, and project management professionals, Croatan seeks to combine multifamily asset experience and market knowledge to opportunistically invest across each stage of the market cycle.
Croatan is headquartered in Virginia Beach with team members located in Atlanta, Austin, and Singapore. The Croatan portfolio currently includes multifamily assets across the Mid-Atlantic and Sun Belt.
Croatan Investments is a certified minority-owned company.
For more information about Croatan Investments, please visit www.croataninvestments.com.