TUSCALOOSA, AL - In August, Gina Sealy Miers and Jennifer and David Pass added a 50th property to Sealy Management Company’s already expansive portfolio. The new community, Meadow Wood Apartments, is located in Pelham, Alabama, just south of Birmingham at 800 Valleyview Road.
Nestled at the foot of Oak Mountain and zoned for Pelham’s newly-formed city school district, the 96-unit community boasts one, two and three bedroom units and an attractive amenity package. Located within minutes of the Riverchase Galleria, Oak Mountain State Park, Jefferson State Community College and area restaurants, Meadow Wood offers leisure living close to all that Birmingham has to offer. The new ownership is planning significant upgrades to the apartment units and amenity package.
“The addition of Meadow Wood allows us to expand our apartment options for prospective residents by providing the best total value in the areas they want to live,” said David Pass, Co-Managing Partner of the project. “Unlike many multi-family housing development companies that buy, hold and sell their properties, Sealy has a vested interest in the communities we own and has never sold an acquisition or development in our almost 60 years in business.”
Bo Flurry with Rock Apartment Advisors brokered the deal and Chad Hagwood at Capital One Multifamily Finance (formerly Beech Street Capital) assisted with financing, an assumption of a Fannie Mae loan that closed 65 days after the contract was signed.
Meadow Wood is Sealy Management Company’s third property in the Birmingham area, forty-second in Alabama and fiftieth overall. For more information on Sealy Management Company or Meadow Wood Apartments, visit www.sealyrealty.com or call the corporate office at 205.391.6000.
Sealy Management Company Inc. was founded in 1955 by Charlie O. Sealy, Sr., and is a leading property management company leasing commercial, residential and multi-family properties throughout the southeast. Sealy's complete portfolio contains over 9,000 apartments in four states including Alabama, South Carolina, Mississippi and Tennessee.