Mobile, AL–LMS is thrilled to announce the acquisition of Elevate 758, a 159-unit high-rise multifamily asset located in downtown Mobile, AL. This offers a great opportunity to expand our footprint in the Mobile market. Historic downtown Mobile has seen a resurgence in the last decade and this location offers immediate access to key economic drivers and walkable to top notch dining & entertainment venues. Elevate 758 fits superbly into our profile of acquiring and developing high quality urban housing similar to our projects such as Lofts at American Life and BBTT, both in Birmingham, AL. LMS plans to execute on an extensive renovation budget which includes interior unit upgrades, HVAC replacements, gated parking with controlled access, elevators, and a new lobby.
