December 17, 2015 Comments Off on Colorado Buyer Acquires 196 Units in Value-Add Play Views: 325 Alabama, California News, National News, Southeast

Colorado Buyer Acquires 196 Units in Value-Add Play

Residential Ventures of Denver paid north of $10 million to acquire the 196-unit Mountainside, an apartment complex at 101 Penthouse Dr. in Birmingham, AL. Jimmy Adams and Craig Hey of Multi Housing Advisors represented the seller in the transaction.

According to the brokers, the buyer ended up with one of the largest multifamily assets on Birmingham’s south side, which is located south of the metro’s CBD. “The buyer plans to inject significant capital into the project and to continue the value-add campaign currently in place,” Adams noted, in a statement.

Connect With Multi Housing’s Adams

Connect With Multi Housing’s Hey

Read More at Birmingham Business Journal

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