BIRMINGHAM, AL--- Hendricks & Partners, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the sale of Cedarbrook Apartments, a 320-unit apartment community located in Hoover, Ala. for $16.75 million.
David Oakley (lower right photo), senior investment advisor of Hendricks & Partners Alabama office negotiated the sale representing the seller, Cedarbrook Apartments, LLC, an Alabama limited liability company, based in Birmingham.
Cedarbrook, built in 1972 and renovated in 2010/2011, has a total of 329,980 square feet of rentable living space with one-, two- and three-bedroom apartments.
The buyer was Landmark at Deerfield Glen, LLC, based in Florida, and was represented by Tom Hinton of Hinton Properties.
For more information, contact:
David Oakley, Senior Investment Advisor, Hendricks & Partners - Alabama, 205.918.0785, doakley@hpapts.com.
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