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Florida-Based Investment Group Buys West Mobile Apartment Complex for $30.75 Million

Two Waters Capital Sells 278-Unit Park West
Park West, located at 1663-1701 Hillcrest Road, was built in 1977 and was 90% leased at the time of sale. (CoStar)
Park West, located at 1663-1701 Hillcrest Road, was built in 1977 and was 90% leased at the time of sale. (CoStar)
By Alexandra Teter
CoStar Research
July 21, 2022 | 4:28 P.M.

Morrison Avenue Capital Partners, a Florida-based investment group targeting development and opportunistic acquisitions across the Southeast, has purchased the 278-unit Park West apartment complex in west Mobile, Alabama.

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