Connect Media > Atlanta News > Southeast Atlanta > Berkadia Arranges Sale of 722-Unit MF Property in Birmingham

January 6, 2021 Comments (0) Views: 295 Atlanta News, Southeast Atlanta

Berkadia Arranges Sale of 722-Unit MF Property in Birmingham

Order Reprints...

Berkadia has arranged the sale of Valora at Homewood, a 722-unit, garden-style multifamily property in metro Birmingham’s Homewood submarket. The sales price was not disclosed.

Located at 915 Valley Ridge Drive, the 334-unit Phase I is located in the city of Homewood and was built in 1969, while the newer 388-unit Phase II was built in 1978 and located in the city of Birmingham. Valora at Homewood includes one-, two- and three-bedroom floorplans with walk-in closets and patios or balconies. Community amenities include two swimming pools with sundecks, a fitness center, a laundry facility, two tennis courts and a clubhouse.

David Oakley, David Wilson and Caleb Frizzell of Berkadia’s Birmingham office represented the seller, Dallas-based LURIN, in the transaction. The buyer was a private equity group based in the Washington, D.C. area, and it was their first Alabama acquisition.

Connect With Berkadia’s Oakley

Connect With LURIN

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen

Tags:

Comments are closed.