• Property Type: Loft
  • Density/Acre: 24
  • Date Acquired: 2009
  • Year Renovated: 2009
  • Date Sold: Q3 2013

Blach’s Lofts was acquired in 2009 and is located in downtown Birmingham, AL. At the time, occupancy was less than 60%. The property was sold in 2013 and was consistently 100% occupied— generating a 30% ROI for our investor group, based on initial investment capital. The Blach’s Building features 24 newly renovated apartment lofts with upscale finishes and approximately 5,000 square feet of leased office space. The space is conveniently located within Birmingham’s Central Business District.