Thursday, January 24, 2013

Hendricks & Partners (Now Hendricks-Berkadia) negotiated Sale of The Willows Apartments in Birmingham, AL for $5.2 Million



The Willows apartments
Birmingham, AL
BIRMINGHAM, AL --- Hendricks & Partners, one of the nation’s largest and most active multifamily investment banking and research companies recently renamed to Hendricks-Berkadia, negotiated the sale of The Willows, a 170-unit apartment community located in Birmingham, for $5.2 million.

David Oakley, senior investment advisor of the Hendricks-Berkadia Alabama office negotiated the sale representing the seller, Willows Partners, LLC, an Alabama limited liability company, based in Birmingham.

David Oakley

The Willows, constructed in 1973 and renovated in 2011, has a total of 133,600 square feet of rentable living space with studio, one, two and three-bedroom apartments.

The buyer was Willow United LLC, a Delaware limited liability company, based out of Florida.

For more information, contact:

David Oakley, Senior Investment Advisor, Hendricks-Berkadia/Alabama, 205.918.0785, doakley@hpapts.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.







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