News

Birmingham, Alabama, September 12, 2018 – Harbert United States Real Estate Fund V, L.P. (“HUSREF V”), in conjunction with Audubon Communities (“Audubon” or together, “JV”), recently sold Forest Hills at Vinings, a 302 unit, Class B+ multifamily asset located in the Vinings submarket of Atlanta, Georgia. Shea Campbell, Senior Vice President at CBRE, represented the JV in the sale to Sunbelt Residential.

Acquired in October 2014, the JV implemented a major interior and exterior value-add renovation program to upgrade and reposition the asset to offer a quality home at an attractive rent relative to newer properties. Capital improvements focused on modernizing the exterior and amenities at the property including new energy efficient windows and doors, a complete re-siding of the property exterior along with new privacy fencing and a new, more contemporary entrance canopy over the townhome apartments.

To view the full article, click here.