Monday, November 2, 2015

Multi Housing Advisors Brokers Portfolio Sale in Pearl, MS

Craig Hey
BIRMINGHAM, AL  — Multi Housing Advisors (MHA) has arranged the sale of two apartment communities, Colony Park and The Grande, located in Pearl, Mississippi. 

Jimmy Adams and Craig Hey of MHA’s Birmingham office represented The Park Companies, the seller, in the transaction. Maxus Realty Trust purchased the property.

“Maxus Realty Trust was able to acquire two performing properties in a tightening market with strong upside,” Adams said. “High barriers to entry will continue to propel Colony Park and The Grande’s performance upward and provide opportunity for unit upgrades and increased income.”

The two properties, consisting of 280 units, closed simultaneously. Built in 1999 and 2004, they represent two newer, high quality assets in the City of Pearl.

Maxus Realty Trust has combined the operations of the two properties, renaming the project The Grand at Pearl Apartments. Additional information can be found at

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

Deborah Rogers
Multi Housing Advisors

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