HHHunt Buys Nashville Luxury Apartments for $106M

Abberly Riverwalk. Image courtesy of JLL.

HHHunt has completed its $106 million purchase of Abberly Riverwalk, an under-construction 304-unit luxury apartment community located at 115 Great Circle Rd. in Nashville, Tenn. The buyer acquired the property from its previous owner and developer, Wood Partners.

A JLL Capital Markets team represented the buyer in the sale, and a debt advisory team worked to secure an additional $62 million in financing by way of a floating-rate bridge loan. Construction of the property is expected to finish in July.

Plans for Abberly Riverwalk

Wood Partners had begun its development of the project, previously called Alta Riverwalk, in 2021 after acquiring a $39.3 million construction loan from ServisFirst Bank, according to Yardi Matrix information. Alta is Wood Partners’ brand of market rate and luxury communities.

At full build-out, Abberly Riverwalk will be sectioned into studio, one- and two-bedroom living arrangements averaging 799 square feet. Apartments will feature quartz countertops, stainless steel appliances, plank flooring and in-house laundry machines. Across the community, residents will have access to a swimming pool, fitness center, coworking space, an outdoor courtyard with a sun deck, and an indoor golf simulator. Additionally, the community is located adjacent to the Cumberland River Greenway, a 200-mile multi-use trail.

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The community will be situated in the city’s Metrocenter neighborhood, two miles from downtown Nashville, with access to many of the city’s surrounding cultural, entertainment, dining and retail options, in addition to the state capital. On-ramps to State Highway 12 and the Interstate 65 are less than a mile away, giving the community quick access to much of metro Nashville.

The JLL Capital Markets team overseeing the purchase was led by Executive Managing Director Matthew Lawton, Senior Managing Director Brian Dawson and Director Nick Brown. The Debt Advisory Team that procured the financing loan was spearheaded by Senior Managing Director Travis Anderson and Director Warren Johnson.

HHHunt’s deals with Wood Partners

HHHunt’s acquisition of Abberly Riverwalk is the latest in the developer’s portfolio of properties around the South, and its most recent pickup from Wood Partners. In October of 2022, the buyer purchased Alta Foundry, a 231-unit luxury community developed under the same brand as Abberly Riverwalk.

In November, the firm acquired Abberly NoDa Vista, a 261-unit market rate property in Charlotte, N.C. Previously, the property had belonged to Wood Partners, which had sold it to Knightvest Capital. Lawton, alongside the same JLL Debt Advisory team, brokered the $91 million sale and secured $60.3 million in financing, respectively.