Cushman & Wakefield has arranged the sale of Sunrise Pointe, a 344-unit apartment community located in Birmingham, Alabama. Josh Jacobs of Cushman & Wakefield represented the seller, PF Holdings, in the transaction. Forge Partners acquired the property.

“This sale is the latest in a series of transactions in East Birmingham that have resulted in heavy value-add campaigns,” Jacobs said. “Sunrise Pointe will be repositioned in the coming season, as new ownership has big plans for rebranding and renovating the property, which will benefit the surrounding community as well.”

Built in 1978, Sunrise Pointe sits along the Interstate 20 corridor near Irondale and Crestwood, which have seen significant momentum in recent years. The property offers immediate interstate access, and is near the submarket’s major retail and entertainment drivers.

In 2017, Cushman & Wakefield’s Southeast Multifamily Advisory group closed $4.8 billion in sales volume through 268 deals and more than 55,000 units. For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.comor follow @CushWake on Twitter.