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Atlanta-Based REIT Sells Birmingham Office Building for $55 Million

Preferred Apartment Communities Now Only Owns Two Offices in Atlanta and San Antonio
Brookwood Center is located at 569 Brookwood Village. (CoStar)
Brookwood Center is located at 569 Brookwood Village. (CoStar)
By Carlos Likins
CoStar News
November 24, 2021 | 7:15 P.M.

Preferred Apartment Communities has sold an office property in Birmingham, Alabama, for $55 million as the Atlanta-based real estate investment trust winds down its office business.

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