Thursday, November 26, 2015

Berkadia negotiates $35,775 per unit price in sale of 116-unit Villa Glen Apartments in Bessemer, AL

Joshua Jacobs
Birmingham, AL --- Berkadia, one of the nation’s largest and most active multi-family investment sales companies, recently negotiated the sale of the 116-unit Villa Glen Apartments for $4,150,000, or $35,775 per unit.

Joshua Jacobs, investment sales advisor at Berkadia’s Birmingham office, along with David Oakley, partner in the firm, negotiated the transaction representing the local seller Villa Glen, LLC.

The Adcock Group, based in Hattiesburg, Mississippi, acquired the property, which is located at 900 N. Division St. in Bessemer, 18 miles southwest of Birmingham. 

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

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