As published on Atlanta CityBizList:
Cushman & Wakefield has arranged the sale of Park Place, a 198-unit apartment community located in Peachtree City, Georgia. Nathan Swenson and Josh Goldfarb of Cushman & Wakefield represented the seller, Croatan Investments and Brightman & Gil REIM, in the transaction. A private California-based investment group acquired the property.
“Park Place provides a rare opportunity to own in one of metro Atlanta’s most exclusive and high-barrier suburbs,” Swenson said. “Peachtree City’s affluent demographics, top-tier schools and limited multifamily inventory werevery attractive to the buyer for achieving both near and long-term investment objectives.”
Park Place, built in 1988, is located in one of Georgia’s wealthiest cities in an area consistently ranked among the top in the country for quality of life and school system excellence.
About Croatan Investments
Croatan Investments is a privately-held investment firm focused on multifamily real estate. The company pursues investments with excellent intrinsic value and 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 combines specialized multifamily asset experience and market knowledge to opportunistically invest across each stage of the market cycle.
Croatan is headquartered in Virginia Beach with operations in Atlanta, Austin, and Singapore. The Croatan portfolio currently includes multifamily assets across the Mid-Atlantic and Sun Belt.