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Atlanta & Southeast   /   February 18, 2021

David Cohen
By: David Cohen

Arch Cos., Drake Real Estate Acquire 486-Unit Birmingham Apartment Property

Arch Cos. and Drake Real Estate Partners have acquired The Park at Forestdale, a 486-unit, garden-style multifamily property in the Forestdale neighborhood of Birmingham. The sales price was not disclosed.

The property is located approximately 10 minutes from downtown Birmingham and includes a mix of studio, one-, two- and three-bedroom apartment units. Arch Cos. plans to engage in a strategic value-add program on the property to improve resident experience and meet sustainability goals through Arch’s vertically integrated asset management and construction teams.

The seller was not disclosed.

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David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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