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Colonial Sells 2,284-Unit Birmingham Portfolio to Collins Group for $151M

Collins Picks Up Second $100M+ Multifamily Portfolio in Birmingham in Past 12 Months
By Andrew C. Burr
January 5, 2007 | 9:55 P.M.

Collins Group LLC, a privately held multifamily investor based in Brooklyn, NY, acquired a 2,284-unit apartment community portfolio in Birmingham and Huntsville, AL, from Colonial Properties Trust (NYSE: CLP) for $151.7 million, or about $66,500 per unit.

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News | Colonial Sells 2,284-Unit Birmingham Portfolio to Collins Group for $151M