Cushman, Greystone Negotiate Steadfast-managed, IRT’s $111M ($154k/unit) sale of 720-unit apartments. Ridge Crossings, in Hoover to Avenue LIving

3/7/2025

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REBusinessOnline

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Cushman & Wakefield (NYSE: CWK), Avenue Living Asset Management, Steadfast Companies, Greystone

Cushman & Wakefield and Greystone has arranged the sale of Ridge Crossings, a 720-unit apartment community located in the Birmingham suburb of Hoover. Canadian-based Avenue Living was the buyer. The sales price was not disclosed, but Birmingham Business Journal reports the property traded for $111 million.