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Real Estate - APRIL 7, 2021

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Carter Multifamily buys two garden-style apartments for $58m

by Released

Carter Multifamily has acquired two properties, Renaissance at Galleria for $26.8 million and Chace Lake Villas for $31.4 million, located in the Birmingham, Ala., metropolitan area.

Built in 1996, Chace Lake Villas has 264 units, and spans 13.2 acres of land in a desirable location, close to dining, shopping, entertainment and the area’s employers. The community features well-designed one-, two-, and three-bedroom units. The high-quality amenities include a resort-like pool, gazebo for grilling, pet park, state-of-the-art fitness center, resident lounge and more.

Renaissance at Galleria, built in 1994, is located in Hoover, a desirable submarket of Birmingham, and has 244 units. Hoover is one of Birmingham’s top growth suburbs, with a population increase of 35 percent since 2000. The property is situated on 19.4 lush acres and offers a mix of one- and two-bedroom apartments. Amenities include an outdoor sun deck, a pet park, sport courts and a pool with a poolsi

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