Valley Crest Apartments: Difference between revisions
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'''Valley Crest Apartments''' (formerly ''' | '''Valley Crest Apartments''' (formerly '''Beacon Crest Apartments''' and '''Timberfalls Apartments''') is a 176-unit apartment complex atop the ridge between the [[Palisades]] shopping center and [[Valley Avenue]], at 316 [[Beacon Crest Lane]], off of [[Palisades Drive]] in [[Birmingham]]'s [[Glen Iris]] neighborhood. The complex features one- and two-bedroom apartments in six, three-story buildings. | ||
Arcan Capital of | In [[2018]] RCP Management of Cranbury, New Jersey sold the complex to Arcan Capital of Marietta, Georgia 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== | ==References== | ||
* Godwin, Brent (August 29, 2018) "Four local apartment buildings sold to multiple investors." {{BBJ}} | |||
* 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}} | ||
[ | ==External links== | ||
* [http://timberfalls.smpmgt.com// Timberfalls Apartments] website | |||
[[Category:Apartment complexes]] | [[Category:Apartment complexes]] | ||
[[Category:Southside apartments]] | |||
[[Category:Palisades Drive]] | |||
Revision as of 09:44, 12 July 2021
Valley Crest Apartments (formerly Beacon Crest Apartments and Timberfalls Apartments) is a 176-unit apartment complex atop the ridge between the Palisades shopping center and Valley Avenue, at 316 Beacon Crest Lane, off of Palisades Drive in Birmingham's Glen Iris neighborhood. The complex features one- and two-bedroom apartments in six, three-story buildings.
In 2018 RCP Management of Cranbury, New Jersey sold the complex to Arcan Capital of Marietta, Georgia 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
- Godwin, Brent (August 29, 2018) "Four local apartment buildings sold to multiple investors." Birmingham Business Journal
- Van der Bijl, Hanno (July 2, 2021) "Birmingham multifamily portfolio sells in $21.5M deal to Nashville investor." Birmingham Business Journal
External links
- Timberfalls Apartments website