Press Releases
Marcus & Millichap Brokers $5.6M Sale of Birmingham Apartment Community
January 06, 2026
BIRMINGHAM, Ala., Jan. 6, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $5.6 million sale of Pineview Pointe Apartments, a 141-unit multifamily property in Birmingham, Alabama.
“This transaction underscores continued investor momentum toward value-add opportunities across a variety of markets throughout Alabama,” said Josh Jacobs, Senior Managing Director. “We look forward to seeing the property repositioned in the coming season.”
Jacobs and Lloyd Escue, investment specialists in Marcus & Millichap’s Birmingham office, represented the Birmingham-based seller, Pineview Pointe LLC, in the off-market transaction.
Built in the 1970s, Pineview Pointe Apartments includes a mix of one- and two-bedroom units in a garden-style community. The property features open floor plans, green space and on-site laundry facilities and is located just off Center Point Parkway with access to Interstate 59.
The property is in Birmingham’s Center Point area, near neighborhood retail, schools and parks, and within a short drive of Birmingham-Shuttlesworth International Airport.
“This transaction underscores continued investor momentum toward value-add opportunities across a variety of markets throughout Alabama,” said Josh Jacobs, Senior Managing Director. “We look forward to seeing the property repositioned in the coming season.”
Jacobs and Lloyd Escue, investment specialists in Marcus & Millichap’s Birmingham office, represented the Birmingham-based seller, Pineview Pointe LLC, in the off-market transaction.
Built in the 1970s, Pineview Pointe Apartments includes a mix of one- and two-bedroom units in a garden-style community. The property features open floor plans, green space and on-site laundry facilities and is located just off Center Point Parkway with access to Interstate 59.
The property is in Birmingham’s Center Point area, near neighborhood retail, schools and parks, and within a short drive of Birmingham-Shuttlesworth International Airport.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
