HOOVER, AL – The Miami-based, real estate investment holding firm, Westside Capital Group has acquired a 1,060-unit, garden-style multifamily property in Hoover, AL for nearly $100.8 million.
Situated on 101 acres at 2135 Centennial Dr. in the Birmingham suburb, The Park at Hoover serves as the largest apartment property in the state of Alabama.
In purchasing the class B property, Westside Capital Group split the asset into two separate acquisitions; utilizing two separate floating-rate loans to provide flexibility in its business plan.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
