MOBILE, AL - Legacy Capital Partners, a Cleveland, OH-based national real estate investor firm, together with Morrison Avenue Capital Partners, a Tampa, FL-based real estate owner and operator, have formed a joint venture and announced they have acquired Timber Ridge Apartments, a 1998-vintage, 320-unit apartment community in Mobile, Alabama. The property is located within 2 miles of the University of South Alabama and Providence Hospital, a major health care system in Mobile.
Legacy and Morrison Avenue have acquired Timber Ridge as part of their value-add strategy and plan to increase cash flow and value through the execution of interior upgrades for all 320 units, exterior and amenity improvements. As a part of the value-add strategy the joint venture will immediately address the property s deferred maintenance issues which include bringing a small number of down units back online.
Man sought for questioning in connection with burglary of electronics in West Brighton
Updated 12:21 PM;
STATEN ISLAND, N.Y. The NYPD is asking for the public’s help via social media to find a person sought for questioning in connection with the burglary of a home earlier this month in West Brighton.
Police responded on April 3 at about 5:40 a.m. to a call of a burglary in the vicinity of Morrison Avenue and Lawrence Avenue, according to a spokeswoman for the NYPD’s Deputy Commissioner of Public Information and a post on the 120th Precinct Twitter feed.
A 44-year-old man told police that an unidentified individual forcibly entered the residence. Once inside, the individual removed electronics worth about $930 and fled the location to parts unknown. There are no reported injuries in this incident, the police spokeswoman said.
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