Mayfair Investment Partners and Navarino Capital Management have bought The Windsor, an 88-unit complex, and Cambridge Court, a 64-unit complex, and both properties are in Huntsville.
The properties consist of one or two-bedroom apartments, and the combined purchase price is $17,500,000.
“Windsor and Cambridge are a perfect pairing for our entry into the Huntsville market. We have been attracted to Huntsville for a few years. The job demand drivers, high levels of intellectual capital, wonderful lifestyle and general affordability are what we seek in investment markets,” said Jonathan More of Mayfair. “Eric Hardesty of the Kirkland Company is a consummate professional and had an excellent handle on all moving parts throughout the deal process.”
Eric Hardesty, Stephen Perlis, and Wade Lowry brokered the transaction between the buyers, Mayfair and Navarino, and the sellers, 3MC Partners and Penn Capital Group.