Valora at Homewood

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The Valora at Homewood (formerly The Overlook at Homewood) is a 722-unit apartment complex at 915 Valley Ridge Drive on the north side of Valley Avenue in Homewood. It was developed in two phases in the late 1960s and late 1970s.

The Landmark Properties Trust sold the complex along with five others to the Collins Group of Brooklyn, New York in a $138 million deal in 2006. Collins defaulted on its loan within two years. A court-appointed receiver, GlassRatner of Atlanta, Georgia, appointed Engel Realty Co. to manage the complex.

In 2016 CLK Properties of New York sold the complex to Lurin Real Estate Holdings of Dallas, Texas for $35 million. That company renamed the complex, commissioned Arlington Properties to manage it, and renovated 90% of the units over the next three years at a cost of $10 million. In 2020 the complex was purchased by Brick Lane of Washington D.C. for $82 million.

References

  • Cooper, Lauren B. (November 2, 2008) "N.Y. landlord in legal battle over local apartment portfolio." Birmingham Business Journal
  • Ostroff, Jamie (May 25, 2016) "Homewood apartment complex with alleged mold, maintenance issues accused of evicting residents who speak out." CBS42.com
  • "Arlington Properties announces the renovation and management of Valora at Homewood." (February 2017) Arlington Properties
  • Van der Bijl, Hanno (November 30, 2020) "Homewood property sells for $82M." Birmingham Business Journal

External links