Independence Realty Trust Inc. Sells 720 Unit Multifamily Asset In Birmingham For $111M

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.