Crimson Ventures, Cedar Rock Capital Exits Hilburn Apartments in Pensacola

Nashville-based Crimson Ventures and its joint-venture partner Cedar Rock Capital have exited from ownership of the Hilburn Apartments in Pensacola, FL. The partnership was created to acquire and manage multifamily real estate properties throughout the southeastern United States.

Advisors and partners in this transaction included Pinnacle Bank, Provence Real Estate, The Kirkland Company, Waterford Law Group and Reliant Bank.

While financials were not disclosed, Dave Childers, founder of Cedar Rock Capital, commented, “Our investment of considerable time, effort and capital in driving efficiencies in Hilburn led to the impressive improvements among all operating and financial results.”