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National  + Alabama  + Apartments  |  October 17, 2019
David Cohen
By: David Cohen

NKF Brokers $73M Sale of Birmingham Multifamily Portfolio

NKF arranged the $73-million sale of The Falls and Woods of Hoover, a two-property, 696-unit multifamily portfolio in metro Birmingham.

Constructed in three phases in 1996, 2000 and 2002, The Falls and Woods of Hoover consist of one-, two-, and three-bedroom floorplans. Amenities include three resort-style pools, fitness centers, clubhouses, a playground and three tennis courts. The property was 94% occupied at the time of sale.

Bo Flurry and Justin Uffinger of NKF’s Birmingham office represented both the buyer and seller in the transaction. The seller was Ohio-based Heritage Income Properties, and the buyer was BH Equities of Des Moines.

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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