EBSCO entity buys large Alabama multifamily property


A Birmingham real estate consultant office has completed an off-market sale of a multifamily project in Alabama.

Berkadia Senior Managing Director David Oakley and Senior Director David Wilson completed the sale June 1 of The Grand Reserve at Phenix City Apartments, a 336-unit Class A garden-style multifamily property in Phenix City along the Highway 431 corridor.

The buyer was EBSCO Phenix City LLC, an entity of EBSCO Industries Inc. EBSCO Income Properties LLC has a significant background in…

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