Oakley Group Acquires 240-Unit Multifamily Property In Fairhope From Stoa Group For $49.8M

The asset involved in the transaction is a multi-family property located at 9376 Twin Beech Road in Fairhope, AL. The property consists of 240 units and was acquired for $49,800,000, equating to a price per unit of $207,500. The complex features ten buildings and includes amenities such as a pool, fitness center, dog park, and EV charging stations. The property was completed in 2024.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $49,800,000
• Units: 240
• Price Per Unit: $207,500
• Buyer: Oakley Group
• Seller: Stoa Group
• Broker: Cushman & Wakefield
• Market: Fairhope, AL

In this deal, Oakley Group represented the interests of the buyer, while Stoa Group represented the seller. Cushman & Wakefield was responsible for brokering the transaction, facilitating the deal's completion.