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Atlanta & Southeast  + Southeast  + Apartments  | 

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.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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