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 private equity real estate manager focused on multifamily investments. We have a passion for uncovering new opportunities with excellent intrinsic value. Founded in 2004, our track record is built upon our opportunistic nature, agnostic approach, and nimble execution. We adapt our strategy across all stages of the market cycle, maintain investment flexibility to consistently achieve attractive risk-adjusted returns, and preserve the trust of our investors.
Our firm is comprised of real estate professionals who intimately understand our target markets, continually assess the dynamic multifamily landscape, and skillfully execute on each asset’s business plan. Our proven success is a reflection of our commitment to excellence, discipline, and expertise.
Headquartered in Virginia Beach, VA, Croatan has team members operating in Austin, Dallas, Atlanta, New York City, and Singapore. Our portfolio currently consists of multifamily assets across the Mid-Atlantic and Sun Belt regions. Croatan Investments is proud to be a certified minority-owned company.