CARRINGTON COVE APARTMENTS SELLS FOR $28.42 MILLION IN ALABAMA

MADISON, ALA. — Greensboro, N.C.-based Bells Partner LLC and Wachovia Bank (Wells Fargo) have completed the disposition of Carrington Cover Apartments in Madison. Built in 1985, the property offers 514 units in a mix of one-, two- and three-bedroom floorplans. New York-based Rohdie Group purchased the property, which offers 540,000 rentable square feet, for $28.42 million.