Bayfront Capital Partners Acquire Meadowbrook Apartments

September 9, 2021:  Bayfront Capital Partners announces its acquisition of Meadowbrook Apartments in Foley Alabama.  Meadowbrook is a 100% occupied multifamily property. The community is located less than an hour southeast of Mobile and 30 minutes north of Gulf Shores.

This acquisition expands Bayfront’s growing footprint in the Southeast, where it has been an increasingly active buyer of multifamily properties:

·     Elberta, Alabama (Magnolia Place Apartments)

·     Foley, Alabama (Oak Hill Apartments)

·     Pensacola, Florida (Lillian Square and Jackson Street Apartments)

·     Crestview, Florida (Cannon Court).

In 2019, Bayfront began a focused strategy to capitalize on secondary and territory markets that are often overlooked by larger, less-nimble investors. Today, its portfolio includes multifamily and commercial real estate.

Bayfront co-founder, Justin Beck notes, “we feel confident that our investors will benefit from our hands-on management and creative approach to value creation with these stable, highly-occupied workforce housing properties in the rapidly growing Baldwin County area.”

The Meadowbrook Apartments include a combination of 2 bedroom/1 bath apartments and 3 bedroom, 3 bathroom apartments. The properties feature a variety of amenities, including a play ground, outdoor gazebo with picnic area and self-service laundry, among others.  Meadowbrook Apartments is located near Downtown Foley, the Foley Sports Center and the Tanger Outlets.  Meadowbrook also benefits from its location in a desirable neighborhood and close proximity to major transportation and employment hubs.

“The acquisition of Meadowbrook supports our strong conviction in secondary markets, and aligns with our strategy to acquire properties with the potential for growth,” said Stacy Taylor, co-founder of Bayfront Capital Partners.

Since 2019, Bayfront has acquired 14 properties with a combined value of $75 million. The Bayfront team is headquartered in Pensacola, Florida and has over 30 years of experience in real estate acquisitions and dispositions. 

For more information regarding real estate acquisitions, contact Bayfront Capital Partners:  850-477-7044.