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Engel News

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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Who’s Who in Birmingham Commercial Real Estate?

Birmingham Business Journal recognizes key commercial real estate executives including Bill Butler and Bob Nesbitt in a recent article showcasing the most influential firms in town. Read Full Article »

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Engel Realty Company to Handle Leasing and Management of Iron City Lofts

KRE Devolopment Holdings completed one of the most anticipated projects in the Lakeview District earlier this year, Iron City Lofts. Engel Realty Company, LLC is handling the lease up and management of the project and we are incredibly fortunate to have the opportunity to partner with this developer. Learn More…

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