Capital Square Realty Advisors Acquires FarmHaus Apartments In Huntsville, Alabama For $94.6 Million

The 324-unit FarmHaus Apartments in Huntsville, Alabama, has been acquired by Capital Square Realty Advisors for a total of $94.6 million. This multifamily property is situated on a vast 22.5-acre plot of land, providing ample space for its residents. With an average price of $291,975 per unit, the sale of FarmHaus Apartments marks a significant transaction in the Madison, AL market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $94,600,000
• Units: 324
• Price per Unit: $291,975

Leading the acquisition is Capital Square Realty Advisors, a prominent player in the real estate industry. As the buyer, their expertise and resources will contribute to the success of FarmHaus Apartments. On the other side of the transaction is the seller, Thompson Thrift Co, who has successfully closed the deal for this prime property.

The purchase of FarmHaus Apartments by Capital Square Realty Advisors highlights their strategic approach in expanding their multifamily portfolio. With this transaction, Capital Square Realty Advisors solidifies their presence in the Madison, AL market while further establishing themselves as key players in the real estate industry.