Two Montgomery properties were part of a recent three-property deal totaling $35.1 million.
48 Midtown boasts spacious one-, two-, and three-bedroom homes averaging 1,106 square feet.
Senior Managing Directors Bo Flurry and Justin Uffinger, and Associate Director John McCrary, of Newmark’s Birmingham office, led the Montgomery transaction. Midtown Row and 48 Midtown were sold by Montgomery-based The Colonial Co., and acquired by Kushner Companies of New York, N.Y. Kushner already owns 436 units in Montgomery.
“Both transactions are great examples of the demand for high quality housing in southeastern tertiary markets,” Flurry said. “Each property was best-in-class in their markets and had strong occupancy and operational fundamentals that help support value.”
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