Jeronimo Hirschfeld, Chairman and 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 Cushman & Wakefield in Atlanta.

“We are very pleased with this latest acquisition,” stated Hirshfeld. “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.

About One Real Estate Investment

Established in 2001, One Real Estate Investment is a privately owned, Miami-based real estate investment company that owns, manages and develops a growing portfolio of multi-family properties, single-family homes, residential high-end buildings, and commercial, and retail properties. With headquarters located on Brickell Avenue, the company embraces all aspects of real estate including acquisition, financing, property management, construction, repositioning, and disposition. One Real Estate has acquired a portfolio of more than 8,000 multi-family residential units in Texas, Florida, Georgia and North Carolina. The portfolio also includes several commercial buildings and a master-planned, seven-acre subdivision in North Florida that is scheduled to be the site of a major retail shopping center. For more information, please visit www.onerealestateinvestment.com.