The Kenzie
The Kenzie Apartment Homes, formerly River Place on the Cahaba, is a 213-unit apartment complex at 4501 Old Caldwell Mill Road near the intersection of I-459 and U.S. Highway 280 and near the banks of the Cahaba River.
The complex was constructed in 1974.
In 2015 Trinity Property Consultants acquired the complex for $14.7 million. In 2019 the complex was sold to Saxony Capital Management of Dallas, Texas for $21 million. They hired Willow Bridge of Dallas, Texas as their management company.
Carbon Real Estate Developments of Miami, Florida acquired the complex in 2024 for $22.75 million. That private equity group, which specializes in "Class B" multifamily complexes, plans to invest around $3.5 million toward improvements aimed at attracting families. Asset Living of Houston, Texas, was contracted to lease and manage the units.
References
- Van der Bijl, Hanno (December 17, 2019) "Luxury multifamily property near Colonnade sells for $21M." Birmingham Business Journal
- Stettheimer, Samuel (May 28, 2024) "Acton Road area apartments sell for $22.75M." Birmingham Business Journal
External links
- The Kenzie website