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 40-UNIT, BIRMINGHAM, AL TRANSACTION
Harbert Multifamily Advisors represented the seller of Canterbury Gardens, a 40-unit, Hueytown, AL apartment community. The financial terms of the deal were not disclosed. Built in 1970, the property is located at 124-132 Dabbs Ave, Hueytown, AL 35023.
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 …
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 …
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 …
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 …
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 …
Rock Apartment Advisors Earns Costar Power Broker Award
Rock Apartment Advisors was awarded a Costar Power Broker Award for Sales Transactions. Every year CoStar Power Broker Awards celebrates the top CRE firms and brokers like you in the United States and Canada. Over the past 18 years, CoStar has recognized the industry leaders for their success in the commercial real estate market. Congratulations to the Rock Team on …
Rock Apartment Advisors Represents Seller in $4 Million Transaction
Arch Companies, a New York based real estate investor has purchased the Meadowbrook apartments, a 60 unit apartment property in Foley, AL. Donald Gambril and Micah Dodd with Birmingham based Rock Apartment Advisors represented the seller, also based in New York, in the deal. The purchase price was $4,000,000, or $66,667 per unit. The property consists of two and three-bedroom …
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