Real Estate Journal — Owners, Developers & Managers — June 22 - July 12, 2018 — 7B
M id A tlantic
O wners , D evelopers & M anagers
ORFOLK, VA — Cohen Investment Group (CIG) , found- Virginia-based investment firm crests millennial milestone in CRE transactions Cohen Investment Group transaction total over $100 million N
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 pos- sesses”. With the participation of equity partners ranging from individual to institu- tional, the firm has success- fully funded $101 million in transactions and is encouraged by the positive feedback from their investors. The CIG team
is looking forward to assist- ing additional investors of all classes in achieving the same results. “Whether it’s a friend or a large institutional inves- tor, we are confident that we can provide a risk-adjusted in- vestment vehicle that fits their preferences and expectations while also adding diversity to their overall portfolio,” Cohen remarked. During 2018 the coastal-Virginia based group is looking to continue to expand their footprint in the Southeast and Mid-Atlantic as well as potentially dispose of selected properties.
ed June 2014, announced that its total participated trans- action value has exceeded $100 million. In four years of operation, the boutique invest- ment firm has acquired over 848,000 s/f of commercial real estate across five states – Vir- ginia, North Carolina, South Carolina, Florida, and Geor- gia. 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 trajec- tory 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 multi- family 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 po- tential in secondary markets that have been undermanaged, The LiRo Group Hires McCaffrey as chief information officer SYOSSET, NY — The LiRo Group (LiRo) , a national, multidisciplinary project and construction management, engineering, architecture, and technology firm, has hired John McCaffrey as chief in- formation officer. With 2017 revenues exceeding $400 mil- lion, ENR Engineering News- Record magazine currently ranks LiRo as the 15th-largest construction management firm in the United States. McCaffrey will spearhead the coordination, product de- velopment, and marketing, and of LiRo’s comprehensive suite of digital technology services offered to public, insti- tutional, and private clients. LiRo’s technology services include Building Information Modeling (BIM); Virtual De- sign, Construction, and Opera- tions (VDCO); Geographical Information Systems (GIS) and Survey; and Information Technology (IT). He will also oversee the operations, devel- opment, and planning of the firm’s internal IT systems.
Taylor Apartments, Marietta, Georgia
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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