 |
| Monte D'Oro Apartments, Birmingham, AL |
 |
| Jimmy Adams |
BIRMINGHAM, A.L. (Oct. 27,
2015) — Multi Housing Advisors (MHA) has arranged the sale of Monte D’Oro, a 200-unit apartment
community located in Birmingham, Alabama.
Jimmy Adams
of MHA’s Birmingham office represented the seller, Merion Realty Partners, in
the transaction. Hawthorne Residential Partners purchased the property, and
plans to make significant renovations and rebrand the property as Hawthorne at
Wisteria.
“Hawthorne Residential was
able to acquire a performing asset in the highly desirable Hoover market,”
Adams said. “High barriers to entry are causing demand to outstrip supply in
the area, putting upward pressure on rental rates.”
Monte D’Oro’s proximity to
Interstate 65 and Highway 31 provides access to Birmingham’s three biggest
employment nodes and a host of premier retail. The property features very large
floorplans, a top tier amenity package, and access to the Hoover public school
system.
For a complete copy of the company’s news release,
please contact:
Deborah Rogers
Multi Housing Advisors
404.645.7275
No comments:
Post a Comment