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Joint Venture Picks Up Suburban Birmingham Apartment Complex for $15.4 Million

Hinze Real Estate Partners, 3MC Partners Secure $11.6 Million in Financing To Purchase 160-Unit City Heights Hoover
Built in 1975, City Heights Hoover is located at 2071 Alpine Village St. and comprises a mix of one-, two- and three-bedroom floor plans. (Cushman & Wakefield/Greystone)
Built in 1975, City Heights Hoover is located at 2071 Alpine Village St. and comprises a mix of one-, two- and three-bedroom floor plans. (Cushman & Wakefield/Greystone)
By Michael Kregel
CoStar Research
May 17, 2022 | 5:04 P.M.

A joint venture between 3MC Partners and Hinze Real Estate Partners has purchased City Heights Hoover, a 160-unit apartment complex in the Birmingham, Alabama, suburb Hoover, for $15.37 million, or about $96,000 per unit.

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