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
Gallery