Red Rock Realty Group, a leading full-service commercial real estate firm, continues its strategic growth efforts with a keen focus on expanding its commercial management division and brokerage services. As part of this shift, Red Rock has successfully completed the sale of a book of a management business portfolio consisting of approximately 200 multifamily units across 15 apartment complexes, totaling 32 units or fewer, to Watts Realty Co., Inc. The sale enables Red Rock to refine its core business focus while continuing to grow and enhance its commercial real estate offerings.
“This transaction marks a pivotal moment in Red Rock Realty Group’s strategic vision,” said Tommy Joyce, Principal at Red Rock Realty Group. “We’re excited about the direction Red Rock Realty Group is heading. Our commitment to growing our commercial and association management divisions, and brokerage services ensures that we can provide more tailored, value-driven solutions to property owners and investors in Birmingham and beyond,” said Joyce.
The sale of the multifamily portfolio to Watts Realty Co., Inc. strengthens Watts’ presence in the Birmingham market and provides Red Rock with the opportunity to strategically reinvest resources into its expanding commercial real estate services. The company remains committed to delivering high-quality property management, leasing, and investment services for commercial properties, including office, retail, industrial, and mixed-use developments.
Red Rock Realty Group’s vision includes developing strong partnerships with commercial property owners, and homeowner associations, offering industry-leading management services, and ensuring that clients receive the best in investment opportunities and asset management. As the firm looks to the future, it continues to prioritize customer-focused solutions that promote growth and success within the commercial real estate market.
If you’re interested in working with us to manage your commercial property, please, contact Tommy Joyce at tjoyce@redrockrg.com or 205-930-1791.