Kushner Cos. has paid $67.1 million for Riverchase Landing, a 468-unit apartment community located in Birmingham, Ala.

The seller was ApexOne Investment Partners.

“Riverchase Landing is a unique property that offers residents a home-like feel with 1,600-square-foot floor plans and robust community amenities,” said Jimmy Adams of Cushman & Wakefield, which represented the seller. “New ownership is excited to implement a value-add campaign to capture the tastes of the growing Hoover suburb renter pool.”