Intercapital Group Sells 825-Unit Multifamily Portfolio in Hoover, Alabama

Myers Apartment Group purchased The Renaissance at Galleria in Hoover.

HOOVER, ALA. — Intercapital Group has sold three multifamily properties totaling 825 units in Hoover. The portfolio includes the 431-unit The Park at Galleria, the 150-unit The Place at Galleria and the 244-unit The Renaissance at Galleria. The properties are situated within 3.5 miles of each other. Sunbelt Residential acquired Park at Galleria, BAF Associates bought Place at Galleria and Myers Apartment Group purchased The Renaissance at Galleria. According to Jimmy Adams of Cushman & Wakefield, each property will undergo renovations in the near future. Adams and colleague Josh Jacobs represented the seller in the transaction. Sales prices for the properties were not disclosed.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News

Webinars on Demand


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties