Nashville company buys four Birmingham-area apartment complexes in $66 million deal »
January 21, 2016
A Nashville commercial real estate firm has made a $66 million investment in Birmingham, quintupling its apartment footprint in the area. Elmington Capital Group went from 192 units in the Birmingham area to 1,074 with the purchase of a portfolio with the following complexes: The Abbey at Lakeshore, The Abbey at Vestavia Falls, The Abbey at Wisteria Crest, and The Cliffs at Rocky Ridge. Elmington is planning renovations for each property, including for units’ interiors, clubhouse improvements and additional amenities. The firm is also rebranding the three Abbey properties as “Elevation Homewood,” “Elevation Vestavia Hills” and “Elevation Hoover.”