Harbert Multifamily Advisors Represents Seller of The Mont Apartment Property in Vestavia Hills

Harbert Multifamily Advisors (HMA) represented the seller, Montvest Partners, LLC, on the sale of The Mont, an apartment property located in Vestavia Hills at 1861 Montclair Lane. HMA is a division of Harbert Realty Services and a privately-held multifamily advisory firm based in Birmingham, Alabama, serving the Southeast since 2003. Harbert Realty’s apartment management division, Harvest Apartment Management, has provided …

HARBERT MULTIFAMILY ADVISORS BROKERS 241-UNIT, BIRMINGHAM, AL TRANSACTION

A New York-based investment firm, Addison Partners, co-headed by Brian Schneider and Mary Stewart Malone, has purchased Elevation Hoover, a 241-unit apartment community in Hoover, AL. Mike Baker and Donald Gambril with Birmingham-based Harbert Multifamily Advisors brokered the transaction. The financial terms of the deal were not disclosed. Built in 1972, the two-story, garden-style property is located in Hoover just …

HARBERT MULTIFAMILY ADVISORS REPRESENTS SELLER IN 228-UNIT, MOBILE, AL TRANSACTION

A private investor has purchased the Cedar Trace and Eastwyck Apartments, two adjacent apartment communities totaling 228 units, in Mobile, AL. Donald Gambril with Birmingham-based Harbert Multifamily Advisors represented the Seller in the transaction. The financial terms of the deal were not disclosed. Built in 1970s, the two-story, garden-style properties will undergo capital projects to modernize both the exterior and …

View Post

HARBERT MULTIFAMILY ADVISORS REPRESENTS SELLER IN SYLACAUGA TRANSACTION

A local investor group has purchased The Oaks Apartments, a 54 unit apartment community in Sylacauga, AL. Micah Dodd with Harbert Multifamily Advisors represented the Seller in the transaction. Built in 1959, The Oaks has undergone significant renovations in recent years, including interior, exterior, and common area upgrades. Dodd stated, “The Oaks represents a stellar opportunity for future growth at …

View Post

ROCK APARTMENT ADVISORS ANNOUNCES REBRAND TO HARBERT MULTIFAMILY ADVISORS

With more than 16 years of multifamily brokerage and advisory experience, Rock Apartment Advisors has announced its official name change to Harbert Multifamily Advisors (HMA). HMA remains the same longstanding privately-held multifamily brokerage firm dedicated to providing trusted results and customized services that has been serving the Southeast since 2003. This brand update better showcases the institutional resources available through …

View Post

Harbert Multifamily Advisors Represents Seller in Southside Transaction

A local investor, Gladstone Equity Partners, has purchased Cliffview Apartments, a 14-unit apartment community in the Southside area of Birmingham, AL. Micah Dodd with Harbert Multifamily Advisors brokered the transaction. The financial terms of the deal were not disclosed. Built in 1967, Cliffview will undergo capital projects to modernize the exterior and interior of the property. As businesses and residents …

View Post

Harbert Multifamily Advisors Represents Seller in $14.89M Transaction

A Boston, MA-based investor, Stratford Management Company, has purchased Pinnacle Pointe Apartments, a 150-unit apartment community in Crestview, FL. Donald Gambril with Birmingham-based Harbert Multifamily Advisors represented the Seller in the transaction. The property sold for $14,893,000, or $99,287 per unit. Built in 2010, the three-story, garden-style property consists of one, two, and three bedroom units. Community amenities include a …

View Post

Rock Apartment Advisors Taps Developer as New Managing Director

Mike Baker joins Birmingham-based Rock Apartment Advisors as Managing Director. Previously with Capstone Collegiate Communities, Baker was responsible for identifying and executing on student housing development opportunities across the US and Canada. He was involved in over $300 million in new developments over the last four years and has experience in low, mid and high-rise products. Prior to Capstone, Baker …

View Post

Birmingham Metro Area Saw Nearly $1 Billion in Investment in 2018

The seven counties of the Birmingham metro area saw almost $1 billion in capital investment this year and more than 1,000 more jobs added than had been anticipated. That’s according to Birmingham Business Alliance President and CEO Brian Hilson, who spoke Monday at the BBA’s annual Chairman’s Meeting at Alys Stephens Center. Birmingham Mayor Randall Woodfin echoed the comments, saying the …