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| The Arlington at Eastern Shore Apartments, Mobile, AL |
MOBILE, AL – Passco Companies, LLC has acquired The Arlington at Eastern Shore, a
300-unit, Class-A multifamily community located in the Spanish Fort suburb of
Mobile, Alabama.
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| Gary Goodman |
The property was acquired using Fannie Mae financing,
according to Gary Goodman, Senior
Vice President Acquisitions of Passco Companies LLC.
“Located in
the fastest-growing county in the state of Alabama, The Arlington at Eastern
Shore has maintained an average occupancy rate of 96.5 percent over the past
two years,” says Goodman.
“With increasing population and job growth
anticipated in the region, this property is poised for ongoing strong
performance, and we are pleased to be able to provide such a concrete asset to
our investors.”
Rock
Apartment Advisors, a Birmingham, Alabama based multifamily brokerage team,
facilitated the sale of the Arlington at Eastern Shore.
For a complete copy of the company’s
news release, please contact:
Corynne
Randel / Jenn Quader
Brower,
Miller & Cole
(949)
955-7940
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