Emerald City Associates Acquires Village Square Landings Multifamily In Birmingham For $13.4M

The property asset involved in the transaction is a multifamily unit located at 4141 Pinson Valley Parkway in Birmingham, AL. The sale price was $13,400,000 for a total of 250 units, resulting in a price per unit of $53,600. The property, previously known as Village Square Landings, is set for quick renovations after being acquired by the buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,400,000
• Address: 4141 Pinson Valley Parkway
• Market: Birmingham, AL
• Units: 250
• Price Per Unit: $53,600
• Buyer: Emerald City Associates
• Seller: Mark A. Smith - Vantage Point Advisory
• Broker Representatives: Josh Jacobs, Royce Emerson & Lloyd Escue - Marcus & Millichap

Emerald City Associates, the buyer in this transaction, has plans to rebrand the acquired property as The Woodford and initiate renovations on vacant units to improve its condition. Mark A. Smith from Vantage Point Advisory represented the seller in this deal.