- Property Type: Loft
- Year Built: 1900-1929
- Date Acquired: Q2 2014
- Year Renovated: 2015-2016
Jemison Flats, a historic mixed-use development which includes 60 unique loft apartments, 25,000 sq ft of class A office space and a 300+ car parking garage, was acquired by LIV in 2014 through a foreclosure sale by LNR. Following the acquisition, LIV commenced on a $1.8M renovation plan. Jemison Flats has remained nearly 100% occupied since being acquired by LIV and post renovated rent premiums of between $150-$250/unit are being realized. Located in downtown Birmingham, Jemison is the largest historic apartment community walkable to downtown employers, medical district and UAB.
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PORTFOLIO
LIV owns a diverse portfolio across the Sunbelt in various stages of development and repositioning.