ALABAMA APARTMENT COMPLEX SELLS FOR $7.2 MILLION

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BIRMINGHAM, ALA. — Alpine Partners, a subsidiary of Minturn Properties, has acquired Alpine Village, a 160-unit multifamily complex, from an affiliate of Harbor Group International, for $7.2 million. The community features one-, two- and three-bedroom units, averaging 916 square feet. Amenities include a swimming pool, a tennis court, a fitness center and a playground. The property was 94 percent occupied at the time of sale. Meredith Ray and Robert Simon of Corporate Realty Advisors represented the buyer.

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