Willows in Hoover has new owner

The Willows Apartment Community in Hoover has been acquired by Florida investment firm Newport Property Ventures. The deal was $5.2 million according to public records.

The deal for the 169-unit complex was completed in December of last year from Willows Partners LLC in Birmingham. Hendricks & Partners negotiated the deal for sellers including local businessmen Mark Elwood and William O. Byars according to the Alabama Secretary of State’s Office.