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| Joshua Jacobs |
BIRMINGHAM, AL --- Berkadia, one of the nation’s largest and
most active multifamily investment banking and research companies, recently
negotiated the sale of Chesterfield,
a 48-unit apartment community located in the Highlands district of Birmingham.
Josh Jacobs,
Associate and David Oakley, Managing
Director in Berkadia’s Alabama office brokered the transaction representing the
local Seller, Chesterfield, LLC.
Chesterfield, which was built in 1968, was sold free and clear of any
existing debt.
The local Buyer,
Manchester Partners, LLC paid $3,000,000 for the two-story garden-style
apartment community, or $62,500 per unit, and plans to upgrade and renovate the
interiors in the coming year.
For a complete copy of the company’s news release,
please contact:
Beth Payan, Larry Vershel
Communications Inc. 407-644-4142 Lvershelco@aol.com
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