News
Cornerstone Group and Crown Bay Group Sign Strategic Partnership for Asian Markets
Crown Bay Group, LLC (CBG) and Cornerstone Group Investments, LLC (CGI) sign a strategic partnership for Joint acquisition and management of Multifamily Apartment complexes in the US. CBG will be the exclusive Property Management Company taking care of all operational management of the assets, while CGI will represent the joint partnership as the Asia-Pac Regional Representative (APAC) in bringing investment capital from Asia. The partnership was signed at the premise of The Westin Atlanta Perimeter North.
Latest Acquisition
Jan 2020, Atlanta, GA - Crown Bay Group and Cornerstone Group Investments jointly acquired Cascade Oaks Apartments, a 113-units multifamily apartment complex located in a great SW Atlanta location, surrounded by strong economic demographics, walkable retail and higher quality residential housing. Cascade Oaks represents an excellent addition to our portfolio that has strong in-place cash flow with additional upside available to create valuable appreciation.
Insights
Governor Kemp Announces Microsoft Corp. to Expand Presence in Atlanta with 1,500 New Jobs, New Facility May 15, 2020, Atlanta, GA - Governor Brian P. Kemp today announced that Fortune 500 company Microsoft Corp., a worldwide leader in software, services, devices, and solutions, will open a new facility in Atlanta, anticipated in summer 2021. The $75 million investment will create 1,500 new high-tech jobs in West Midtown. “We are beyond thrilled and excited that a world-class technology company like Microsoft selected Fulton County for its latest major expansion,”said Fulton County Board of Commission Chairman Robb Pitts.
US Real Estate Opportunities in the Post COVID-19 Era - An Opinion Piece by GTI and CGI
May 10, 2020, Atlanta, GA - Mixed picture emerging for different asset class. The COVID-19 pandemic has impacted all aspects of people’s lives, with over 2 billion across the world now facing social distancing, travel restrictions, supply chain disruptions and job losses. Over the short-term, there is consensus that investment activity is expected to slow as uncertainty prevails over long-term market performance and overall investment risk. Amidst all these uncertainties, a mixed picture of a “New Normal” is slowing emerging across the different real estate asset class even as the US poise for reopening of its economy.