BIRMINGHAM, AL – OG Capital, a Birmingham-based multifamily real estate investment firm, has acquired Marbella Luxury Apartments, a 96-unit luxury apartment community situated on 4.77 acres at 1910 E. First St. in Gulf Shores .
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| Marbella Apartments, a 96-unit luxury apartment community situated on 4.77 acres at 1910 East First Street, Gulf Shores, AL |
OG
Marbella, LLC, an affiliate of OG Capital purchased the property from Marbella
Gulf Shores , LLC for $15 Million. Troy Wilson and Frank
Malone of Bellator Real Estate & Development brokered the transaction,
which was financed by ServisFirst Bank.
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| Frank Malone |
OG Capital will enhance the community’s clubhouse and pool areas and install washers and dryers in each unit.
Additional
changes aimed at increasing lifestyle value to the community, including grill
stations and outdoor gathering spaces, are also planned. OG Capital hired The Mitchell Company of
Mobile led by Chris Sylvester to manage the community.
 |
| Jordan Weaver |
“We look forward to serving our residents
through high-quality service and first-class amenities,” said
Weaver, adding “ Gulf Shores is a strong market that will continue to become
more desirable.”
OG Capital has previously made significant investment in the Gulf Shores market, including Fairhope Commons also in Baldwin County .
Since 2007 OG Capital
 |
| David Oakley |
In addition to its latest acquisition of
Marbella , the firm has holdings in various markets
spanning from Chattanooga , Tennessee to South Alabama .
OG is headquartered in Birmingham , Alabama and was founded in 2007 by David Oakley.
CONTACT:
David Oakley, OG
Capital,
205-913-4632,or David.Oakley@og.capital
Beth Payan, Larry
Vershel Communications Inc.
407-461-3781 (direct) or Beth@LarryVershel.com
