HOOVER, AL-Birmingham-based Georgetown Investments LLC has sold Cypress Gardens, a 150-unit apartment complex in Hoover, to a real estate investment firm for $5 million. A limited liability firm registered to Coral Gables, Florida-based Newport Property Ventures purchased the newly renovated multifamily property from Georgetown Investments.
The property was constructed in 1972 and refurbished in 2012. David Oakley from the Alabama office of Hendricks & Partners represented Georgetown Investments in the deal. For the full story, go to Birmingham Business Journal .
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