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Engel News

Engel Realty expands into Tallahassee, Florida

Engel Realty added to it’s presence in Tallahassee, Florida with the acquisition of the 102 unit Ashford Club at Betton Hills Apartment complex. Engel Realty has had a presence in Tallahassee for over 20 years with the Gulfwind shopping center and now expands that presence with the addition of Ashford…

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Engel Realty adds Jonesboro, Arkansas property to its Multi-Family Portfolio.

In October of 2018 Engel Realty acquired Stadium Place Apartments, a 200 unit property built in 2000 located in Jonesboro, Arkansas. Stadium Place offers residents a variety of desirable amenities. A dramatic tree-lined entrance to the property creates a sense of grandeur. The leasing center includes: an entry porch, two…

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Engel Realty Expands into Kentucky with latest acquisition.

In March of 2019 Engel Realty added to its Multi-family portfolio with the addition of Saddlebrook at Tates Creek located in Lexington, Kentucky. Saddlebrook at Tates Creek is a B-Class apartment community consisting of 181 units. The units are primarily one & two bedroom floor-plans including some unique town-home layouts…

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Additional Units and a Value-Add Program Creates Significant Returns in Muscle Shoals, AL

On May 16, 2014 Engel Realty purchased Arbor Village a 160-unit multifamily property in Muscle Shoals, Alabama. Arbor Village was originally constructed in 1987 in multiple phases. What attracted Engel to Arbor Village was the opportunity to purchase the property from the developer, the quality of the construction, the inclusion…

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Downtown Loft Building Sold, Will Be Converted to Condos

A prominent building on First Avenue North will be converted into condominium units. In a recent transaction, Engel Lofts Co. sold the property at 2329 First Ave. N. to an entity called 2329 First Avenue North LLC, which includes local residential developers Margi Ingram and John Chapman. According to public…

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Engel Realty Identifies a Unique Opportunity in the Birmingham Loft District

In 2016 Engel Realty purchased the Whooten Lofts a 14-unit loft building in downtown Birmingham. Engel was able to acquire the property through an off-market transaction. Engel recognized the inherent value potential in the property that could be attained through a value-add program. That program would include updating the units…

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