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Albany apartment fire displaces more than 10 residents
Investigators are looking into the cause and origin of the fire.
Posted: Apr 8, 2021 3:37 PM
Updated: Apr 8, 2021 3:49 PM
Posted By: Chelsea Hunt
ALBANY, Ore. – More than 10 people are without a home after an apartment fire in Albany Thursday morning.
The Albany Fire Department said crews first responded to Madison Apartments just after 10:30 a.m. An upstairs apartment was on fire with heavy black smoke coming from it.
All occupants of the complex evacuated successfully, fire officials said. One pet was reported to be in the apartment at the time of the fire but was not found.
Located at
135 Brink Haven Ave., Madison Flats opened in 1959 and offers 154 units in multiple two-story buildings.
The new owner is 135 Brink Haven LLC, which is affiliated with New York-based JEM Holdings LLC.
The seller was Nashville-based Covenant Capital Group, which paid about $8.18 million in January 2018, according to Metro records. Covenant gave the property a major upgrade after the purchase, according to the Madison Flats website.
Covenant is known for acquiring apartment buildings, upgrading them and then selling. For example, in mid-2017 the company finalized a $27.3 million sale of 500 5th Avenue, a 170-unit modernist midrise apartment building located in downtown Nashville. Covenant gave that property a major overhaul prior to the sale (read more