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Florida & Gulf Coast  + Gulf Coast  + Apartments  | 
19 Unit Chicago Apartment Building Changes Hands

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.”


Inside The Story

Cedar Rock Capital’s Childers

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition