Boston-based Panther Properties, a private equity multifamily investment firm, has acquired Fern Parc (formerly Renaissance at Memorial) for $9.5 million ($27,860/unit). Fern Parc is a 341-unit Class "C" multifamily located at 4100 South Memorial Parkway, Huntsville, Alabama 35802. On January 2, 2014, Panther began construction on a $6.1 million ($17,836/unit) renovation of Fern Parc with the objective of upgrading the asset from a Class "C" community to the submarket-leading Class "B" community.
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