Hibernian Pacific Holdings partnered with an Atlanta-based co-sponsor and limited partner/operator to acquire an 864-unit Class A multifamily portfolio located in Cobb and Gwinnett counties in Georgia.
The investment transaction is the 10th for Hibernian Pacific since the announcement of a new affiliation with Evolution Capital Management, an investment advisor.
Over the past 90 days, Hibernian Pacific Holdings, Alpharetta, Ga., closed on a series of transactions comprising of a diversified portfolio of assets from major community banks in Chicago and Atlanta.
The portfolio includes retail, mixed-use and multifamily assets.
Since August when the relationship with EVO was formed, more than $100 million of assets have been secured.
"As one of the top real estate investment firms in the Southeast, this deal is further proof of Hibernian Pacific’s business model of looking at opportunistic real estate transactions," said A.J. Belt III, principal of Avison & Young-Florida and broker for this multifamily portfolio, in a press release.
Wilwat Properties Inc. was the seller of this multifamily portfolio.
