Birmingham, Alabama

Equity raised

>>>>Birmingham, Alabama
Birmingham, Alabama Hagshama 2018-09-20T16:33:40+00:00

Project Description

פרויקט נדל"ן להשקעה - ברמינגהאם, אלבמה

Acquisition of a vintage 176 units multifamily complex, renovation, increase NOI, and sale. A stabilized asset generating a strong yield from day one with a room for upside.

316 Beacon Crest Lane Birmingham, AL 35209

Year launched

2018

Expected duration

36 חודשים

About the neighborhood

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With a population of over 1.2 million, Birmingham is the largest city in the state of Alabama. In recent years Birmingham has pivoted from the steel and iron industry to serving as a medical and financial hub attracting universities, insurance, banking and communication companies, rendering it as one of the financial capitals of southern U.S, and one of the largest U.S banking hubs. Some of the city prominent corporate tenants are the corporate headquarters of Regions Financial Corporation (NYSE:RF), and five other fortune 100 companies and fortune 500 companies.

The asset is located in south Birmingham at the fastest growing and affluent Homewood submarket adjacent to route 65 for a short 10 minutes commute to downtown. Nearby there are several shopping centers with large national retailers, restaurants and entertainment venues. The asset is in close proximity to major employers with total workforce of over 30,000.

About the sponsor

פרויקט נדל"ן להשקעה - אטלנטה, סנדי ספרינגס, ג'ורג'יה

Arcan Capital is a private real estate company based in Atlanta, Georgia, specializing in the acquisition and management of residential properties throughout the South East and South-Central U.S. Arcan focuses on sourcing and acquiring multifamily assets that they can add value to, renovate, increase efficiencies, and sale.

This is our 4th successful collaboration with Arcan Capital, prior to Cogress Hagshama Arcan has collaborated with family offices, high net individuals and other equity funds.

The opportunity

פרויקט נדל"ן להשקעה - ברמינגהאם, אלבמה

Partnering with an existing sponsor on an Acquisition of a stabilized cash flowing 176 units residential multifamily complex, renovation, increase NOI, and sale.

Other projects by the sponsor

Hagshama 2018-09-20T16:33:40+00:00

Birmingham, Alabama

Acquisition of a vintage 176 units multifamily complex, renovation, increase NOI, and sale. A stabilized asset generating a strong yield from day one with a room for upside. 316 Beacon Crest Lane