The largest apartment complex in Alabama just sold for more than $100 million
Updated Mar 19, 2021;
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A massive apartment complex in Hoover has been bought by a Miami real estate investment firm.
Westside Capital Group has acquired The Park at Hoover, a 1,060-unit garden-style property, for $100.75 million from Magnolia Birmingham. The complex, located on 101 acres, is the largest apartment property in the state.
In an announcement, Westside announced it intends to invest in common areas and plans targeted improvements to make the property more walkable, with art and additional amenities. Westside’s institutional property management arm – WS Living – will manage the property moving forward.
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