Cohen Investment Group transaction total over $100 million
NORFOLK, VA —Cohen Investment Group (CIG), founded June 2014, announced that its total participated transaction value has exceeded $100 million. In four years of operation, the boutique investment firm has acquired over 848,000 s/f of commercial real estate across five states – Virginia, North Carolina, South Carolina, Florida, and Georgia. Hugh Cohen, the firm’s president, commented that the milestone is “a very proud moment for our team and is a testament to our strategy. We’re excited about the trajectory our firm has taken and look forward to many future successes”. CIG’s most recent acquisition put them over the $100 million mark with the purchase of a 116-unit multifamily complex in the Atlanta, GA submarket of Marietta. This addition comes after an active year in 2017, with the firm adding five properties totaling over $31 million. CIG primarily focuses on properties with value-add potential in secondary markets that have been undermanaged, need updating, or both. This strategy has led the team to acquire over 14 properties in a variety of asset classes – a diversification strategy that Cohen notes as “uncommon in many real estate investment firms as it requires a range of knowledge and skill sets, both of which our team possesses”.