A enormous apartment sophisticated in Hoover has been bought by a Miami authentic estate expenditure organization.

Westside Money Group has obtained The Park at Hoover, a 1,060-device yard-style assets, for $100.75 million. The complicated, located on 101 acres, is the biggest apartment home in the point out.

In an announcement, Westside announced it intends to make investments in popular locations and designs qualified advancements to make the house far more walkable, with art and extra amenities. Westside’s institutional property administration arm – WS Living – will deal with the residence going ahead.

The Park at Hoover is found at 2135 Centennial Travel. The 920-unit Section I is situated in the City of Hoover and was created in 1987-88. The 140-device Period II was created in 1996 and is located in unincorporated Jefferson County.

Local community features contain four swimming pools, a exercise middle, 4 tennis courts, a sporting activities courtroom, puppy park, playground and a clubhouse.

“We see Alabama as a strategic current market for Westside’s advancement inside the Southeastern United States that we concentrate on, and we want to develop a prolonged-lasting name of excellence inside of the nearby market,” Jakub Hejl, founder and president of Westside, reported.

Senior Controlling Director David Oakley, Senior Director David Wilson, Affiliate Director Caleb Frizzell and Director Steve Nunnelley of Berkadia’s Birmingham office environment organized the sale on behalf of the vendor.