The property is located in the affluent Birmingham suburb of Mountain Brook, AL, which is among the top 5% most wealthy in the nation.
Investment Rationale
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The property is part of a 28 acre mixed-used development featuring walkable amenities as high-end shopping, multiple restaurants, a gourmet grocery store and a Marriott luxury hotel.
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Spacious units with high quality finishes cater to the upscale demographics. Amenities include an outdoor terrace, fitness center, swimming pool, clubhouse with a demonstration kitchen, outdoor fireplaces and grilling stations.
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Residents have access to a highly desirable school system which has attained LaSalle Research’s Gold Level, with a high school rated A+ in 2017 by Niche.
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Property fits well within apartment strategy given its desirable location with an affluent tenant base, top schools and high barriers to entry.
Property Gallery
Location
![Lane Maps3](https://jllipt.imgix.net/uploads/properties/lane-parke-apartments/map/lane_maps4.jpg?auto=format%2C%20compress&ch=DPR&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&ixlib=php-3.3.1&w=400&s=313b0eed46b8b51f3c8081463e5d9551)