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. For over 16 years, we have had a passion for uncovering new opportunities with excellent intrinsic value and the goal of preserving the trust of our investors. With a seasoned team of real estate professionals, Croatan combines proven multifamily investment and asset management experience with deep market knowledge to opportunistically invest across each stage of the market cycle.
Croatan is headquartered in Virginia Beach, Virginia with team members located in Atlanta, Austin, Dallas, New York City, and Singapore. Croatan’s geographic focus includes primary and secondary markets with strong economic and housing demand drivers throughout the Mid-Atlantic and Sun Belt regions.
Croatan Investments is proud to be a certified minority-owned company.
For more information about Croatan Investments, please visit www.croatan.com.