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| Woodmere at the Lake Apartments, Montgomery, AL |
BIRMINGHAM, Ala. ---
Berkadia recently negotiated the sale of Woodmere
at the Lake, a 200-unit apartment community located in Montgomery for
$8,100,000 or $40,500 per unit.
Built in 1978, Woodmere at
the Lake is a garden-style community with an average unit size of 870 square
feet which has recently been repositioned.
Josh Jacobs,
associate, and David Oakley,
managing director of Berkadia Real Estate Advisors, LLC in the Birmingham office, represented the
seller, ABACO Partners, LLC. The
purchaser was Woodmere Apartment Partners, LLC.
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 Inc. 407-644-4142 Lvershelco@aol.com.
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