Updated Oct 12, 2026
Independence Realty Trust Inc. Sells 720 Unit Multifamily Asset In Birmingham For $111M
100 Tree Crossing Parkway
$111,000,000
Units
720
Asset Type
MultiFamily
Closing
Mar 10, 2025
About this deal
AI
The property asset involved in this transaction is a MultiFamily asset located at 100 Tree Crossing Parkway, Birmingham, AL. The seller of the property is Independence Realty Trust Inc. The property consists of 720 units and was sold for $111,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $111,000,000.00
- Units: 720
- Address: 100 Tree Crossing Parkway
- Market: Birmingham, AL
- Seller: Independence Realty Trust Inc.
This transaction reflects a significant move within the Birmingham real estate market, highlighting the involvement of Independence Realty Trust Inc. as the seller in this deal. The transaction underscores the ongoing activity in multi-family asset acquisitions and provides insights into the sellers' strategic decisions in the current market landscape.
On the Map
$111,000,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93