MetLife JV Sells Nashville Community

December 5, 2025

Finance & Investment Market Rate Nashville - Knoxville News More Southeast

The property came online in 2017.

Sherman Residential has acquired 909 Flats, a 232-unit multifamily property in Nashville, Tenn. A joint venture between Willow Bridge and MetLife Real Estate Investment previously owned the asset, according to Yardi Matrix information.

This transaction marks the company reentering the market. The firm previously sold out of the metro in 2021.

The two-building community is less than 1 mile from downtown Nashville, Tenn. All images courtesy of Sherman Residential
Outdoor amenities include a swimming pool and EV charging stations.
Other features include a clubroom, art studio, fitness center and open spaces for work and study.

Located at 909 Rosa L. Parks Blvd., the community is within the Germantown neighborhood and close to interstates 40 and 65. Downtown Nashville is less than 1 mile away, while the city’ international airport is within 8 miles southeast.

The LEED Gold-certified property came online in 2017 and comprises two five-story buildings. The unit mix consists of studio, one- and two-bedroom floorplans ranging from 470 to 1,252 square feet. The community also has guest suites, while select layouts also have private balconies or patios.

Common-area amenities at the Class A 909 Flats include a clubroom, fitness center, swimming pool, community room and business center. Additionally, the property features open spaces for work and study, EV Charging stations, an art studio and a music studio.

Sherman Residential acquired 96 communities since its founding, totaling about 29,000 units and valued at $3.3 billion, according to the company’s page. Before purchasing 909 Flats, the firm paid $68 million in October for Axis at the Park, a 348-unit luxury property in Charlotte, N.C. Greystar sold the asset.

Nashville multifamily sales decline, prices increase

Nashville saw 35 assets totaling 6,688 units trade year-to-date as of November for $939.2 million, according to Yardi Matrix information. This figure was 20 percent lower than the one registered during the same period of last year, when 38 communities—7,440 apartments—changed hands for roughly $1.2 billion.

However, the average per unit price clocked in at $194,738 in 2025, marking a slight year-over-year increase from $190,758.

In September, Osso Capital purchased The Villages at Forest View, a 307-unit community in Antioch, Tenn., for $58 million. HND Realty sold the asset after completing it in 2023.