Cobalt Property Group, LLC was formed in 2017 by Principals Patrick Marr and Nick Schumacher. Cobalt is the aggregation of decades of real estate experience by its founders, consolidating under one firm a broad spectrum of disciplines including acquisitions, development, finance, leasing and construction.
Mr. Marr previously owned and managed the Charleston-based CMB Property Company, focused on the acquisition of multifamily and office buildings in the $10-25 million range in both Charleston and Washington, DC. Mr. Marr has spent 30 years in the commercial real estate industry with CB Richard Ellis and Newmark Knight Frank, consistently ranked a top national producer completing over 3,000 lease transactions.
Mr. Schumacher has been the CEO of the Preservation Companies developing multiple duplex and triplex properties in downtown Charleston. In 2017, he transitioned to Cobalt Property Group and in 2018, he was promoted to a Principal in the firm. Mr. Schumacher has more than 20 years in commercial construction throughout Texas and the Southeast.
Cobalt seeks opportunistic investments across commercial real estate asset classes, from vertical development to asset repositioning and repurposing. Cobalt has the experience and relationships to execute on a broad range of project and investment sizes, from $10 million to $75+ million, including outright acquisitions, joint-venture partnerships and recapitalizations.