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Active Mixed-Use

Summit Ridge Mixed-Use Center

Nashville, TN

Asset Type Mixed-Use
Location Nashville, TN
Year Acquired 2019
Square Footage 750,000 SF
Occupancy Rate 93%
Current Value $205M
Property Overview

Summit Ridge Mixed-Use Center is a landmark urban infill development in Nashville’s Midtown district, blending 285,000 square feet of Class A office space with 180,000 square feet of street-level retail and 285 luxury residential units across a connected two-tower campus. The project leverages Nashville’s status as one of the country’s fastest-growing cities, serving a diverse mix of corporate office tenants, national and local retailers, and urban residents seeking a walkable live-work-play environment. Since acquisition, the property has benefited from significant rental rate appreciation across all three components, with residential rents and retail rents outpacing pro-forma projections by meaningful margins.

Financial Highlights
$126M Acquisition Value
$205M Current Valuation
$11.2M NOI
5.5% Cap Rate
19.4% IRR
2.4x Equity Multiple