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Kushner has purchased the Boardstreet at Eastchase apartments in Montgomery, AL for $49.5 million.

Kushner Finalizes $59M Purchase of 276-Unit Montgomery Multifamily

Kushner has completed its $49.5-million acquisition of Broadstreet at Eastchase, a 276-unit multifamily asset in Montgomery, AL. The property was built in 2010 and traded for $182,000 per unit.

Josh Jacobs and Royce Emerson of Marcus & Millichap represented the seller, a local family office, and procured the buyer.

“Apartment rents in the Montgomery market rose more than 10% year over year while maintaining a tight 2% market vacancy rate in the Class A space,” said Emerson. “This is a function of limited new supply driving the strong demand for existing product.”


Inside The Story

Marcus & Millichap's Emerson

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