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Atlanta & Southeast  + Southeast  + Apartments  |  September 19, 2019
David Cohen
By: David Cohen

Huntsville Apartment Community Trades for $27M

Wicker Park Capital Management has acquired Fern Parc, a 343-unit apartment community in Huntsville, for $27.4 million. Located in south Huntsville, the apartment community was built in 1974 and renovated in 2015.

Jimmy Adams and Craig Hey of Cushman & Wakefield’s Birmingham office represented the seller, Panther Residential Management, in the transaction.

“Fern Parc arrived to market fully-renovated with market-backed, value-add upside,” said Adams. “Huntsville continues to draw national interest, driven by its robust job market and rent growth, strong demographic profile and heavy capital investments. New ownership is excited to capture further momentum, as Huntsville continues to build upon its national reputation as a premier investment locale.”

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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