Pine Ridge Apartments and Williamsburg Town Homes

Pine Ridge Apartments (112 Units)                               305 W. Air Depot, Gadsden, AL.                                    Williamsburg Town Homes (60 Units)                         1000 Newton Street, Gadsden, AL

Strategic Holdings purchased the mortgages on both properties from Fannie Mae on June 17, 2013.  The borrower deeded both properties to Strategic Holdings in October 2013 giving us clear title. Very little work was done on both properties other than some light deferred maintenance. The properties were running over 90% occupancy. Both properties were sold on February 20, 2018.