Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Atlanta & Southeast  + Apartments  |  June 7, 2019
David Cohen
By: David Cohen

CushWake Brokers Sale of Five MF Properties in Montgomery for $77M

Cushman & Wakefield has brokered the sale of five apartment communities in Montgomery, AL for a total of $77.1 million. The properties encompass 868 units.

The communities traded include Arbor Station, a 288-unit property built in 1988; Stratford Village, a 224-unit property built in 1986; The Heights Montgomery, a 164-unit property built in 2016; The Mills at 601, a 136-unit property built in 1995; and Havenly Park Villas, a 56-unit property built in 1997.

Craig Hey and Jimmy Adams of Cushman & Wakefield’s Birmingham office represented the sellers in the transactions. StoneRiver Co. developed and sold The Heights Montgomery to Waypoint Residential Services, and Aspen Square Management sold The Mills and Havenly Park Villas to Resolute Real Estate. Morrison Avenue Capital Partners acquired Arbor Station and Stratford Village from an undisclosed seller. The individual sales prices were not disclosed.

To stay connected with multifamily news and trends, we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.

For comments, questions or concerns, please contact David Cohen

Connect

Inside The Story

Connect With CushWake Birmingham

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.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action
New call-to-action