Westbank Apartment Complexes Trade For $56 Million

by • June 15, 2018 • Acquisitions, Multi Family, West BankComments (0)1157

Image of the Baywood Apartments via Google Maps

Two Gretna apartment buildings have been purchased by an Alabama company for $56 million, according to The Advocate.

The Cedarwood Apartments at 2350 Park Place and Baywood East and West Apartments at 500 Wall Blvd. were sold by California-based Delta Alliance Capital Management to Mobile-based Multifamily Management Inc.

Both complexes are at 93% occupancy, with Cedarwood at 226 units and Baywood at 514 units.

Check out The Advocate for more information.

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