Croatan Investments and Joint Venture Partner, FCP, announce the sale of The Clarion in Decatur, GA to Gamma Real Estate. The 217-unit apartment community is located within the densely populated Decatur submarket surrounded by established residential neighborhoods and proximate to downtown Decatur, Midtown and Buckhead.
Croatan engaged FCP in recapitalizing a prior partnership in May 2016. In the past two years, the ownership group completed extensive renovations to individual units along with improvements to the building exteriors, common areas and community amenities.
Croatan and FCP extend their appreciation to Nathan Swenson and Travis Presnell of Cushman & Wakefield for their representation in the sale.
About Croatan Investments
Croatan Investments is a private equity real estate manager that is 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 with team members located in Atlanta, Austin, Dallas, New York City, Washington DC, 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.