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| Heights at Skyland apartments, Tuscaloosa, AL |
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| Craig Hey |
BIRMINGHAM, AL (Nov. 4, 2015) — Multi Housing Advisors (MHA)
has arranged the sale of Heights at
Skyland, a 304-unit apartment community located in Tuscaloosa, Alabama.
Jimmy Adams
and Craig Hey of MHA’s Birmingham
office represented the seller, Merion Realty Partners, in the transaction.
Castle Lanterra Properties purchased the property.
“The Tuscaloosa
multifamily market is experiencing strong growth with increasing job supply and
is benefiting from zoning ordinance changes,” Adams said. “The buyer has
planned significant upgrades which will pave the way for rental upside.”
Heights at Skyland is
located in close proximity to McFarland Boulevard and Skyland Boulevard, two of
Tuscaloosa’s major corridors.
For a complete copy of the company’s news release,
please contact:
Deborah Rogers
Multi Housing Advisors
404.645.7275
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