The multifamily asset involved in this transaction is located at 7278 Cahaba Valley Road in Birmingham, AL. It consists of 300 units and was sold for $54,400,000, equating to a price per unit of $181,333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,400,000
• Units: 300
• Price Per Unit: $181,333
• Buyer: Nexpoint Outlook DST
• Seller: Blackstone Real Estate
• Sale Date: 11/20/2025

This transaction marks a significant event in the Birmingham market, as Nexpoint Outlook DST acquired the property, which represents the highest per-door price recorded for multifamily assets in the metro area since February. The involvement of prominent entities such as Nexpoint Outlook DST and Blackstone Real Estate underlines the importance of this transaction within the market landscape.