Finance & Investment - Nashville-Knoxville

  • Michaelson Acquires 520-Unit TN Community

    Purchased for $48 million, The Metropolitan features one- and two-bedroom floorplans. The community has undergone a multi-million dollar renovation over the past few years.

    22 September 2017 14:52
  • Cush & Wake Secures $40M Loan for Nashville-Area Community

    Middleburg Real Estate Partners plans to build a 328-unit apartment property in Franklin, Tenn. Mike Ryan, Telly Fathaly and Brian Linnihan of Cushman & Wakefield’s Atlanta team originated the senior debt as well as the joint venture equity.

    03 August 2017 18:15
  • Renovated Downtown Nashville Community Trades for $27M

    A Covenant Capital Group fund sold the 170-unit 500 Fifth Ave. The deal follows a $4 million renovation process the firm completed at the 56-year-old building.

    03 August 2017 14:29
  • BRT Nabs 509-Unit DFW Community

    BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.

    14 July 2017 12:03
  • Strawberry Fields Refinances TN Skilled Nursing Facilities

    The $27.2 million HUD guaranteed loans from Capital One Multifamily Finance have a 35-year term at a 3.43 percent fixed interest rate. The REIT acquired the three properties last year.

    07 July 2017 13:21
  • OakPoint Lands Nashville-Area Luxury Community

    Homestead Rental Properties sold The Luxe at Indian Lake Village, a 94-unit property in Hendersonville, Tenn. This marks OakPoint’s fourth recent midstate acquisition.

    05 July 2017 00:03
  • Olympus Property Expands Nashville Offerings

    This marks the company’s third acquisition in Tennessee.

    22 December 2015 15:26
  • Preferred Apartment Communities Picks Up 364-Unit Nashville Apartment Asset and Two Shopping Centers

    Preferred Apartment Communities’ (PAC) operating partnership Preferred Apartment Communities Operating Partnership, L.P. (PAC-OP) has signed purchase and sale agreements of $181.7 million with four entities for the purchase of four apartment communities totaling 1,397 units.

    06 August 2014 18:25
  • Centerline Arranges $10M Loan for 210-Unit Antioch Community

    Centerline Capital Group, a provider of real estate financing services for market-rate and affordable multifamily housing has recently provided a $10.4 million Freddie Mac conventional loan to refinance Cedar Pointe Apartments, a 210-unit multifamily asset in the Greater Nashville Area.

    31 March 2014 18:41
  • Work is in Progress at New Lexus of Nashville Dealership

    By Eliza Theiss, Associate Editor Nashville is finally getting a long-awaited Lexus dealership. But the new 58,000-square-foot Lexus location will be far beyond a simple car dealership. The facility under construction at the 7.2-acre site at the corner of Rosa Parks Blvd. and Interstate 65 in Madison has been described as a retail and service [...]

    20 September 2012 19:12
  • Ground Broken at 71-Acre Green Mixed-Use Project Franklin Park

    By Eliza Theiss, Associate Editor Decades of sustained development continue in the Cool Springs market, a top destination for relocating Fortune 500 companies and other corporations with the groundbreaking of the unprecedented 71-acre mixed-use sustainable corporate community Franklin Park. Located on the corner of McEwen Drive and Interstate 65 in Franklin, TN, Franklin Park is [...]

    27 August 2012 02:52
  • 147-Room Indigo Hotel Sold in Foreclosure Auction

    By Eliza Theiss, Associate Editor Global investment management firm Archon Group LP recently acquired the 147-room Hotel Indigo at 1719 West End Ave. at a foreclosure auction, bidding $18 million, or $122,000 per room. According to The Tennessean, Irving, Texas-based Archon purchased the boutique hotel through a limited-liability corporation, bidding $18 million at a courthouse [...]

    25 July 2012 21:16
  • Ramada Inn Gets Makeover, Becomes Cedar Hotel

    By Eliza Theiss, Associate Editor The former Ramada Inn at 1471 Brooks Road is getting a multimillion dollar facelift from a group of Chicago investors. According to The Memphis Daily News, Cedar Street Hospitality purchased the 245-key hotel in a 2010 auction for $1.55 million. Re-branded as the Cedar Hotel under the Clarion umbrella, the [...]

    30 March 2012 14:05