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About
About Ridge Crossings
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 720-unit, institutionally owned Ridge Crossings apartment community located in Hoover, AL, one of Birmingham’s top suburbs. Situated in a high growth submarket (21% rent growth since 2021), the asset offers residents convenient access to employment centers, premium retail venues and state ranked schools. The asset arrives to market boasting strong value add performance, demonstrating that new ownership has the opportunity to further renovate and push rents to be closer to current market leaders in this high barrier to entry market. The City of Hoover heavily restricts new multifamily development further ensuring submarket fundamentals remain robust. Delivered in 1991, Ridge Crossing presents a rare opportunity to invest in a proven value-add asset with additional runway in a restricted high growth, high barriers to entry submarket.
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