Thursday, August 13, 2015

Multi Housing Advisors Brokers $44 Million Sale of Apartment Community in Valley, AL


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)



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