A 312-unit Class A multifamily community in a high-growth Sun Belt submarket, acquired as part of a broader residential portfolio aggregation strategy.
Population and employment growth in the Nashville MSA continues to outpace new supply in walkable, amenity-rich submarkets.
Light value-add: unit interior upgrades on turnover, amenity repositioning, and institutional revenue management.
Nashville has ranked among the top five U.S. metros for net in-migration since 2019, with rent growth consistently above the national average.
Phase one of 140 unit renovations achieving $210 average monthly premiums; clubhouse and fitness repositioning delivered in 2024.
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Q1 2022
Acquisition
Acquired from merchant developer at certificate of occupancy.
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Q3 2023
Renovation Launch
Began interior upgrade program across classic units.
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Q2 2025
Stabilization
Reached 94% occupancy with renovated-unit premiums ahead of underwriting.