Arch Cos., Drake Real Estate Acquire 486-Unit Birmingham Apartment Property,Southeast Atlanta

Arch Cos. and Drake Real Estate Partners have acquired The Park at Forestdale, a 486-unit, garden-style multifamily property in the Forestdale neighborhood of Birmingham. The sales price was not disclosed. The property is located approximately 10 minutes from downtown Birmingham and includes a mix of studio, one-, two- and three-bedroom apartment units. Arch Cos. plans to engage in a strategic…

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