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Atlanta & Southeast  + Southeast  + Apartments  |  July 13, 2021
David Cohen
By: David Cohen

Birmingham Apartments Trade for $5M

Cushman & Wakefield has arranged the $5.2 million sale of Terrace Court, a 40-unit apartment community in Birmingham. Constructed in 1908, Terrace Court is situated on Birmingham’s south side near Downtown and the University of Alabama at Birmingham.

Craig Hey and Jimmy Adams of Cushman & Wakefield represented the seller, TCA LLC, in the transaction. Nolarose LLC acquired the property.

“Terrace Court is a unique asset that has been a landmark in Birmingham’s historic ‘Five Points’ neighborhood since 1908,” said Hey. “The buyer was excited at the opportunity to acquire a well-maintained asset in an irreplaceable location near exceptional retail and economic hubs.”

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Inside The Story

CushWake’s Hey

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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