A Cordova apartment complex, The Villas at Cordova, has been sold for $41.6 million. The complex has 256 units.
The sale marks the Alabama-based real estate firm's first investment in the Memphis area. However, the CEO plans to make more investments in the region.
The Cordova property is the Alabama-based real estate firm’s first investment in the Memphis area, but the CEO said more are planned.
Author's summary: Cordova apartment complex sold for $41.6 million.