• OREI

One Real Estate Investment Acquires Multifamily Property in Lilburn, Georgia for $31.2 Million

LILBURN, Ga. – Jeronimo Hirschfeld, Charmain an CEO of One Real Estate Investment, today announced the purchase of a multifamily apartment property in Georgia – Park Crossing, located at 2700 Park Crossing Way NW, Lilburn, Georgia. The sale price was $31.2 million.

The 21.32-acre property features 280 units with close access to Norcross and Doraville. The deal was brokered by Nathan Swenson, senior director at Cuchsman & Wakefield in Atlanta.

"We are very pleased with this latest acquisition," stated Hirschfeld. "It´s right in line with our strategic plan for growth to acquire 30,000 units in the next three to five years that have a strong potential for appreciation."

In February the company purchased a multifamily apartment property in Atlanta for $34.9 million, and another in March for $39.8 million in North Carolina.