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Atlanta & Southeast  + Southeast  + Apartments  |  January 15, 2020
David Cohen
By: David Cohen

Highland Real Estate Acquires Historic Birmingham Apartment Property

Highland Real Estate Capital has acquired Jemison Flats, an historic, 59-unit apartment building in downtown Birmingham. The sales price was not disclosed.

Jemison Flats is located at 1827 1st Ave. in Birmingham’s Theater District. Originally built in 1928, the recently renovated seven-story building includes a mix of studio and loft-style apartments that offer views of downtown Birmingham and the South Side. Units feature original hardwood floors, exposed beam ceilings, stainless steel appliances, concrete countertops and in-unit washers and dryers. Community amenities include a fitness center, gated private park with grilling area and parking deck.

Mark Brandenburg and Chad Russell of JLL secured a three-year, floating-rate acquisition loan through Bridge Investment Group on behalf of Highland. 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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