BIRMINGHAM, Ala.--(BUSINESS WIRE)--
Cushman & Wakefield (NYSE: CWK) announced the commercial real estate services firm has arranged the $67.1 million sale of Riverchase Landing, a 468-unit apartment community located in Birmingham, Alabama.
Jimmy Adams, Craig Hey and Andrew Brown of Cushman & Wakefield represented the seller, ApexOne Investment Partners, in the transaction. Kushner Companies acquired the property.
“Riverchase Landing is a unique property that offers residents a home-like feel with 1,600-square-foot floor plans and robust community amenities,” Adams said. “New ownership is excited to implement a value-add campaign to capture the tastes of the growing Hoover suburb renter pool.”
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 250 transactions and $6.2 billion in multifamily and land investment sales in 2020 (Source: Real Capital Analyticswww.rcanalytics.com). Market share reflects number of sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. For more information, visit https://multifamily.cushwake.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
