BridgewaterSeptember 2011

BREC Development, LLC led the recent acquisition of Bridgewater Apartments, a 334-unit Class A community located in Huntsville, Alabama.

SPM, LLC will be the property management company for this garden-style luxury community. Under the direction of Eddie Ivey, Director of Conventional Operations, and Angela Hollingsworth, Regional Property Manager, Bridgewater’s staff will handle all day-to-day operations.  Bridgewater features a variety of amenities including a large swimming pool, tennis courts, Cyber Cafe, fitness center with cardio theatre and an Executive Business Center.

Bill Welden, President of SPM, LLC comments "We are very pleased to have acquired this community. Bridgewater is the premier apartment community in the Madison County/Huntsville area and increases our market presence in northern Alabama.”

“We believe in the Huntsville market and Bridgewater Apartments over the long haul and the professional management by SPM will benefit our investors as well,” said Steven Hydinger, Managing Member for BREC.