HUNTSVILLE – Since coming into the area in 2017, Freeman Webb Company, a real estate investment and management firm based in Nashville, has become the second largest operator in the Madison-Huntsville area with their acquisition of Gravity at 255 Apartment Homes from Lurin Capital. The 334-unit apartment complex is Freeman Webb’s seventh property in the area. The transition was facilitated by Craig Hey and Andrew Brown with Cushman & Wakefield.
The property, located at 1501 Old Monrovia Rd NW, was built in 2008 and is considered a “Class A” asset in excellent condition. Though some renovations were previously initiated, Freeman Webb says they will be enhancing the existing amenities to ensure the property remains competitive with the newer residential development in the immediate area.