New Market Investors LLC

Mid Town Oaks

New Market InvestorsNMI purchased this 244 unit apartment property located in Montgomery, AL in October of 2010. The property was originally constructed in two phases; 1972 and 1982. NMI acquired the property from Fannie Mae following a judicial foreclosure. The property was 60% occupied and in substantial disrepair, including 60 down units and multiple fire damaged buildings. NMI has completed its repositioning and renovation work and the property is performing better than forecast.