Nashville’s Crimson Ventures and Cedar Rock Capital Announce Sale of Hilburn Apartments in Florida
Retrieved on:
Monday, February 14, 2022
Professional Services, Other Professional Services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, Consulting, Reliant Bancorp, Southeastern United States, Crimson, Ownership, Technology, Pinnacle Bank Arena, Partnership, Commercial property, Financial services, Crimson Ventures:, Cedar Rock Capital, CRIMSON VENTURES:, CEDAR ROCK CAPITAL
Nashville-based Crimson Ventures and its joint-venture partner Cedar Rock Capital announced that they have successfully exited from ownership of the Hilburn Apartments in Pensacola, Fla. Their partnership was created to acquire and manage multifamily real estate properties throughout the southeastern United States.
Key Points:
- Nashville-based Crimson Ventures and its joint-venture partner Cedar Rock Capital announced that they have successfully exited from ownership of the Hilburn Apartments in Pensacola, Fla. Their partnership was created to acquire and manage multifamily real estate properties throughout the southeastern United States.
- We are excited for this successful exit after our value-add ownership since 2016, Crimson Ventures Managing Partner Rob Walker said.
- Dave Childers, Founder of Cedar Rock Capital, commented, Our investment of considerable time, effort and capital in driving efficiencies in Hilburn led to the impressive improvements among all operating and financial results.
- About Cedar Rock Capital: Cedar Rock is an investment company specializing in multifamily investments throughout the southeastern US.