June 13, 2019
CBRE arranged the $33.6 million sale of The Hamptons at East Cobb, a 196-unit apartment community in Marietta. The property is located at 1523 Roswell Rd.
Kevin Geiger, Shea Campbell, Malcomb McComb, Paul Berry and Ashish Cholia of CBRE represented the seller, Memphis-based Fogelman Properties, in the transaction. The buyer was Cohen Esrey, a Kansas-based investment and asset management firm.
“The East Cobb market has an extremely high barrier to entry for investors due to a lack of developable land and a plethora of single-family homes, which makes Hamptons at East Cobb a rare commodity and great overall investment,” said CBRE’s Geiger. “Interest from the investment community for Atlanta product remains outstanding.”
To stay connected with multifamily news and trends, we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.
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