The Lofts at Midtown, a 100% leased asset sells to NY-Based investment group as part of multi-property acquisition to enter the Mobile market
Photo courtesy of RGH Partners
For Immediate Release
RGH Partners ("RGH") acquired the land for The Lofts at Midtown in March of 2020 just as the Coronavirus Pandemic began to take hold in the United States. Battling labor shortages, material availability, and uncertain demand, RGH hurdled obstacle after obstacle through the finish line. The end product? A 100% leased, market-rate mixed-use building with a curated group of commercial tenants planned to benefit the development and the neighborhood.
RGH engaged the services of Harbert Multifamily, a Birmingham-based multifamily advisory firm to source a buyer for the asset. Harbert was ultimately successful and guided a smooth transaction that represented a successful exit for RGH.
About Robbins Geraci Howle
Robbins Geraci Howle ("RGH") is a turnkey real estate development and investment firm. Privately held, our group specializes in creating investment opportunities within the Mixed-Use, Multifamily, and SFR/BTR spaces. Primarily focused along the Gulf Coast, RGH seeks out opportunities to unlock the potential in a variety of real estate including urban infill, adaptive re-use, and suburban situations. In executing this mission, our seasoned team of professionals takes a hand-on approach in the development of each project, assimilating at a local level, and creating a plan to deliver superior returns that weather the cycles of the market.
For more information on this transaction, please contact showle@rghpartners.com
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