Acquired in 2016, the Financial Center is a 311,000 square foot class A office building located in the Central Business District of downtown Birmingham. Built in 1982, the 17-story building is located at the intersection of 5th Avenue and 20th Street in the heart of the CBD among various national financial institutions and large regional professional service and law firms. The building was acquired in an off-market transaction at a substantial discount to replacement cost after the previous owner had invested significant capital in common area improvements. This institutional quality asset is one of a handful of elite office buildings in downtown Birmingham located near the various courthouses and other institutional users. The property is owned in a partnership among Daniel and various private and family office investors.