 |
| Jimmy Adams |
ATLANTA, GA (Aug. 13,
2015) — Multi Housing Advisors (MHA) has arranged the $44 million sale of
Apartments at the Venue, a 618-unit apartment community located in Valley,
Alabama. The buyer was Irinda Capital
Management out of Atlanta.
Jimmy Adams
of MHA’s Birmingham, Alabama, team and Robert
Stickel, who leads MHA’s central to coastal Georgia team based in Atlanta,
represented the seller, Haley Real Estate Group, in the transaction.
“As evidenced by the more
than 14,000 jobs that have been created nearby since 2010, the immediate area
is quickly becoming known throughout the Southeast as a key corridor for the
growing automotive industry,” Adams said.
The property is located
along the Alabama/Georgia border, 10 minutes from the KIA Motors manufacturing
plant in West Point, Georgia.
“This unique investment
provided an experienced national investor the opportunity to acquire a property
featuring top-quality construction and unparalleled amenities at an exceptional
basis with tremendous cash flows,” Stickel said.
 |
| Robert Stickel |
Ryan Millsap,
CEO of Irinda noted, "We bought a very well built asset for an
irreplaceable basis. We believe Kia and
the surrounding economy will continue to expand for years to come.
"The South is thriving and we are thankful to
be a part of the economic expansion that is seeing capital from all over the
world flow to Southern States."
Apartments at the Venue is
located at 100 Sydney St. and features three resort-style swimming pools with
outdoor fireplaces and grilling areas, two clubhouses, laundry facilities and a
fully equipped fitness center.
For a complete copy of the company’s news
release, please contact:
Savannah Duncan
The Wilbert Group
404-343-0870 (O)
404-901-4433 (C)
No comments:
Post a Comment