Valley Crest Apartments: Difference between revisions
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'''Valley Crest Apartments''' (formerly [[Timberfalls Apartments]]) is a 176-unit apartment complex atop the ridge between the [[Palisades]] shopping center and [[Valley Avenue]], at 316 [[Beacon Crest Lane]] in [[ | '''Valley Crest Apartments''' (formerly '''[[Timberfalls Apartments]]''') is a 176-unit apartment complex atop the ridge between the [[Palisades]] shopping center and [[Valley Avenue]], at 316 [[Beacon Crest Lane]] in [[Homewood]]. | ||
Arcan Capital of Atlanta, Georgia acquired the property in [[2018]] for $9.78 million. In [[2021]] the complex was purchased for $13.3 million by an affiliate of a private equity firm which includes [[J. Matthew Bodnar]] and [[Chris Sanders]] as partners. | Arcan Capital of Atlanta, Georgia acquired the property in [[2018]] for $9.78 million. In [[2021]] the complex was purchased for $13.3 million by an affiliate of a private equity firm which includes [[J. Matthew Bodnar]] and [[Chris Sanders]] as partners. | ||
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* Van der Bijl, Hanno (July 2, 2021) "Birmingham multifamily portfolio sells in $21.5M deal to Nashville investor." {{BBJ}} | * Van der Bijl, Hanno (July 2, 2021) "Birmingham multifamily portfolio sells in $21.5M deal to Nashville investor." {{BBJ}} | ||
[[Category:Beacon Crest Lane]] | [[Category:Beacon Crest Lane]] | ||
[[Category:Apartment complexes]] | |||
Revision as of 09:23, 12 July 2021
Valley Crest Apartments (formerly Timberfalls Apartments) is a 176-unit apartment complex atop the ridge between the Palisades shopping center and Valley Avenue, at 316 Beacon Crest Lane in Homewood.
Arcan Capital of Atlanta, Georgia acquired the property in 2018 for $9.78 million. In 2021 the complex was purchased for $13.3 million by an affiliate of a private equity firm which includes J. Matthew Bodnar and Chris Sanders as partners.
References
- Van der Bijl, Hanno (July 2, 2021) "Birmingham multifamily portfolio sells in $21.5M deal to Nashville investor." Birmingham Business Journal