NEW YORK, NY— May 23, 2018—Arch Companies (“Arch”) is pleased to announce that the firm has acquired Meadowbrook Apartments, a 60-unit garden style, multifamily property located in Foley, Alabama. Arch Companies acquired the property through a loan CBRE Capital Markets sourced from Freddie Mac.
Located in Baldwin County, which was recently named the fastest growing county in the state, the apartments are near convenient shopping, the gulf beaches, local museums and parks. Meadowbrook is strategically located to leverage the burgeoning economy of the area with a geographically appealing setting.
“We are committed to protecting and growing our financial future through secure investment strategies, and Meadowbrook perfectly aligns with our criteria,” said Arch Companies’ Partner Jared Chassen. “We are excited to continue expanding nationally at such a rapid rate with this excellent real estate opportunity in an up-and-coming market that will optimize return on our investment.”
About Arch Companies
Arch Companies specializes in real estate investment and management, with a concentration on multi-family and mixed-use developments within the U.S. that have strong growth outlooks. The partners of Arch, Jeff Simpson and Jared Chassen, have over 35 years of experience investing in and managing institutional real estate, with a focus on multi-family assets across New York, Miami and California.