Panorama East Apartments: Difference between revisions
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'''Panorama East Apartments''' is a 200-unit apartment complex located on [[Westchester Drive]], just west of [[Center Point Parkway]] in [[Birmingham]]'s [[Apple Valley]] neighborhood. The complex was constructed in [[1980]]. | '''Panorama East Apartments''' is a 200-unit, 192,596 square-foot apartment complex located on [[Westchester Drive]], just west of [[Center Point Parkway]] in [[Birmingham]]'s [[Apple Valley]] neighborhood. The complex was constructed in [[1980]]. The complex stretches over 22 two-story buildings. | ||
[[Bret Connor]] acquired the complex in April [[2020]] from [[Gary Marcrum]] for $6.9 million. He carried out exterior and interior renovations before selling the property to of Highlake Capital of Colleyville, Texas for $10.4 million in December of the same year. | [[Bret Connor]] acquired the complex in April [[2020]] from [[Gary Marcrum]] for $6.9 million. He carried out exterior and interior renovations before selling the property to of Highlake Capital of Colleyville, Texas for $10.4 million in December of the same year. | ||
An affiliate of Obsidian Capital of Cedar Park, Texas partnered with investors based in Sandy, Utah to acquire Panorama East in June [[2024]] for $16.1 million. | |||
==References== | ==References== | ||
* Van der Bijl, Hanno (April 17, 2020) "Birmingham multifamily properties sell in $9.9M deals." {{BBJ}} | * Van der Bijl, Hanno (April 17, 2020) "Birmingham multifamily properties sell in $9.9M deals." {{BBJ}} | ||
* Van der Bijl, Hanno (December 14, 2020) "Local multifamily portfolio changes hands in $15.75M deals." {{BBJ}} | * Van der Bijl, Hanno (December 14, 2020) "Local multifamily portfolio changes hands in $15.75M deals." {{BBJ}} | ||
* Stettheimer, Samuel (June 3, 2024) "Center Point apartments sell for $23M." {{BBJ}} | |||
[[Category:Westchester Drive]] | [[Category: Westchester Drive]] | ||
[[Category:East Pinson Valley apartments]] | [[Category: East Pinson Valley apartments]] | ||
[[Category:1980 buildings]] | [[Category: 1980 buildings]] | ||
Latest revision as of 15:56, 4 June 2024
Panorama East Apartments is a 200-unit, 192,596 square-foot apartment complex located on Westchester Drive, just west of Center Point Parkway in Birmingham's Apple Valley neighborhood. The complex was constructed in 1980. The complex stretches over 22 two-story buildings.
Bret Connor acquired the complex in April 2020 from Gary Marcrum for $6.9 million. He carried out exterior and interior renovations before selling the property to of Highlake Capital of Colleyville, Texas for $10.4 million in December of the same year.
An affiliate of Obsidian Capital of Cedar Park, Texas partnered with investors based in Sandy, Utah to acquire Panorama East in June 2024 for $16.1 million.
References
- Van der Bijl, Hanno (April 17, 2020) "Birmingham multifamily properties sell in $9.9M deals." Birmingham Business Journal
- Van der Bijl, Hanno (December 14, 2020) "Local multifamily portfolio changes hands in $15.75M deals." Birmingham Business Journal
- Stettheimer, Samuel (June 3, 2024) "Center Point apartments sell for $23M." Birmingham Business Journal