Miami, May 2023 –Elandis is thrilled to announce its recent property acquisition in Birmingham, Alabama. This latest addition to our portfolio marks our fourth property in the beautiful “Yellowhammer” State.

The property, Crestwood Green, is a stunning 270-unit property that boasts a beautiful swimming pool and outdoor spaces. Conveniently located near the dynamic Central Business District and other key employment centers, top retail zones, and other demand drivers in the area, we believe that this purchase will support economic investment in Birmingham and create new opportunities for our residents and team members.
We are proud to have partnered with Freddie Mac to secure a loan of over $17 million to acquire this property.

At Elandis, we are committed to strategically seeking out assets with considerable potential across the Sun Belt. Our portfolio is designed to support economic growth and provide comfortable and affordable rental homes, creating value for our residents and communities. With this latest acquisition, we now own a total of 4,200 units in the U.S., with over 1,100 units in Birmingham alone.

We are excited to share this latest news and look forward to continuing to grow our portfolio with properties that have considerable potential. Thank you for your continued support as we work to make a positive impact in the communities we serve.