Birmingham Firm Acquires Little Rock Multifamily Complex

A Birmingham firm has purchased a multifamily property in Arkansas. Providence Investments acquired an 184-unit complex, Parham Point, in Little Rock from the original developer for an undisclosed amount. The three-story garden-style complex will be managed by Providence Investment's property management division. The Birmingham firm also plans to invest $750,000 in renovating the property with interior upgrades, amenity improvement and general exterior work.

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