Mayfair and Navarino Spend $18M on Pair of Huntsville Multifamily Communities
Nashville, TN-based The Kirkland Company has completed the sale of The Windsor and Cambridge Court apartment communities in Huntsville, AL. The combined purchase price for both properties was approximately $17.5 million.
Eric Hardesty, Stephen Perlis and Wade Lowry of TKC brokered the transaction between the buyers, Mayfair and Navarino, and the sellers, 3MC Partners and Penn Capital Group.
“We have been attracted to Huntsville for a few years’ time,” said Jonathan More of Mayfair. “The job demand drivers, high levels of intellectual capital, wonderful lifestyle and general affordability are exactly what we seek in investment markets. We are keen to grow our local portfolio vastly in the next 12 months and hope to find opportunities to put our capital to work.”
The Windsor features 88 units, while Cambridge Court totals 64 units. The properties are comprised of studio, one-bedroom and two-bedroom apartments.
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.