Cliffs at Rocky Ridge Hoover

Berkadia Brokers Four Multifamily Sales in Metro Birmingham Totaling $66.3M

by John Nelson

BIRMINGHAM, ALA. — Berkadia has brokered the sales of four apartment communities in metro Birmingham totaling $66.3 million. The properties include the 323-unit Cliffs at Rocky Ridge in Hoover and a portfolio of three communities known as the BHM 3Core Portfolio. The three properties in the portfolio include the 241-unit Abbey at Wisteria Crest in Hoover, the 198-unit Abbey at Lakeshore in Birmingham and the 120-unit Abbey at Vestavia Falls in Vestavia. David Oakley and David Etchison of Berkadia’s Alabama office brokered the transactions.

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