Cushman & Wakefield arranges sale on behalf of Elevation Financial Group

231-unit apartment community to undergo renovation

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Serenity at Huntsville
Cushman & Wakefield arranged the sale of Serenity at Huntsville, a 231-unit apartment community located in Huntsville, Alabama.

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Serenity at Huntsville, a 231-unit apartment community located in Huntsville, Alabama.

Craig Hey and Parker Caldwell of Cushman & Wakefield represented the seller, Elevation Financial Group, in the transaction. LURIN Capital, a leading real estate investment firm specializing in repositioning multi-family residential assets, acquired the property.

“Serenity at Huntsville came to market as a repositioning opportunity to meet the needs of the rapidly growing Huntsville renter pool,” Hey said. “LURIN Capital is bullish on the growing submarket and plans to invest significant dollars into the property.”

Delivered across two phases in 1963 and 1974, Serenity at Huntsville is situated in the South Huntsville corridor with access to quality retail and Downtown’s job drivers.

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 250 transactions and $6.2 billion in multifamily and land investment sales in 2020 (Source: Real Capital Analytics). Market share reflects number of sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.