Timberland Partners Acquires 224-Unit Multifamily In Prattville, AL For $42M

The multifamily property located at 1908 Briarwood St in Prattville, AL has been sold. The property consists of 224 units and was sold for a total price of $42,000,000, resulting in a per unit price of $187,500. The sale was completed on 07/25/2022. The buyer of the property was Timberland Partners, while the seller was Morrison Avenue Capital Partners, LLC. The transaction was facilitated by brokers Craig Hey and Andrew Brown from Cushman & Wakefield.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Units: 224
• Price per Unit: $187,500
• Buyer: Timberland Partners
• Seller: Morrison Avenue Capital Partners, LLC
• Brokers: Craig Hey & Andrew Brown - Cushman & Wakefield

This transaction highlights the successful collaboration between Timberland Partners, the buyer, and Morrison Avenue Capital Partners, LLC, the seller. The involvement of brokers Craig Hey and Andrew Brown from Cushman & Wakefield played a crucial role in facilitating the sale of this multifamily property in Prattville, AL.