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Thompson Thrift Sells Alabama Asset to Capital Square

October 4, 2022

October 4, 2022

Capital Square has acquired FarmHaus, a recently completed, 324-unit Class A multifamily community in Madison, Ala., a suburb of Huntsville, from Thompson Thrift. The sale price was not disclosed.

Whitson Huffman, co-chief executive officer of Glen Allen, Va.,-based Capital Square, said in prepared remarks that FarmHaus is an excellent addition to the firm’s growing portfolio of luxury multifamily communities throughout the Southeast. Huffman noted that Huntsville is one of the most desirable markets for residential investments because of its rapidly growing economy and demand for quality rental options like those provided by FarmHaus.

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