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Joint Venture Buys Three Multifamily Properties in Tuscaloosa

Arch Cos. Plans To Complete Value-Add Capital Improvements to Entire Portfolio
Broadmoor Gardens was one of three Tuscaloosa apartment properties Arch Cos. and Drake Real Estate Partners purchased. (CoStar)
Broadmoor Gardens was one of three Tuscaloosa apartment properties Arch Cos. and Drake Real Estate Partners purchased. (CoStar)
By Graham Sessoms
CoStar Research
August 24, 2021 | 4:55 P.M.

A joint venture between Arch Cos. and Drake Real Estate Partners has purchased a portfolio of three garden-style apartment properties totaling 649 units in Tuscaloosa, Alabama.

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