WOODLAND HILLS, CA - Multifamily investment, development and management firm CGI Real Estate Investment Strategies (“CGI”) has announced that Michael DiSimone has joined the company as Director of Acquisitions to help lead its expansion into Texas and the Western United States with an investment goal of $500 million in the next 12 months.
In addition to a robust pipeline of mixed-use and multifamily development projects in Los Angeles and New York City, CGI currently manages an approximately $1 billion portfolio that includes multifamily and extended stay corporate housing located in California, New York, Georgia and Florida.
DiSimone, who over the course of his 15-year career has sourced, marketed and closed approximately $1.5 billion in multifamily acquisitions, will target institutional quality assets for CGI and its capital partners, which include family offices and ultra-high net worth individuals. CGI has identified Denver, Salt Lake City, Phoenix, Austin, Dallas and the Pacific Northwest as new markets for CGI investment.
“Michael is a key addition to our growing acquisitions team that will be responsible for the implementation of an aggressive five-year growth plan with a goal of $5 billion in assets under management in five years,” said CGI founder and CEO Gidi Cohen. “DiSimone’s hire is part of a dynamic infrastructure we are building within CGI that is allowing us to expand our geographic footprint, increase the size of our investments and grow our investor base.”
DiSimone joins an experienced acquisitions team that includes Managing Partner Mark Cohen, who leads the East Coast effort and Director Andre Soroudi who oversees development acquisitions on the West Coast.
Prior to joining CGI Strategies, DiSimone was Director of Acquisitions for Santa Monica, CA-based MJW Investments. Previously he was an Associate Director at Institutional Property Advisors and a Senior Vice President at JRK Property Holdings.
DiSimone earned his BS in Business Administration from San Diego State University, and a JD and LL.M. at Golden Gate University School of Law.
About CGI Real Estate Investment Strategies: CGI Real Estate Investment Strategies is a real estate investment and strategy firm providing personalized high-quality service and performing assets. CGI seeks to positively shape the future as it relates to the spaces we all live in while rewarding both investing partners and the local community. With the mission to reward, delight and inspire investors, consumers and local communities through the properties acquired and transformed, CGI is dedicated to creating real connections and lasting experiences for the community - both emotionally and financially.