Nashville – Knoxville
Passco Pays $40M for Knoxville Community
The 220-unit Class A multifamily asset, which was completed last year, was 90 percent occupied as of September.
Nashville’s 2nd Tallest Building Refinances
TIAA provided Giarratana Development with a $77 million loan for the high-rise, which contains 350 apartments in addition to condominium units, a hotel and retail on the lower floors.
IMT Capital Lands $53M Refi for Nashville Asset
CBRE provided the Freddie Mac financing to the owner of the 330-unit community, retiring a previous $43 million loan.
Affordable Nashville Community Lands Refi
Pathway Lending originated the nearly $5 million financing package, which pays down a prior HUD loan from Greystone.
Hamilton Zanze Expands in Nashville With $57M Buy
The company teamed up with Cantor Fitzgerald to acquire Rivertop Apartments, a 224-luxury apartment community in the Bellevue submarket.
Knoxville Multifamily Report – Summer 2019
The metro’s economy is accelerating, strengthening market fundamentals and pushing year-over-year rent gains above the 3.4 percent national average as of July.
LIHTC Pilot Speeds Up Affordable Financing
A Tennessee affordable housing community catering to seniors and disabled residents became the first property financed by HUD’s Atlanta office under the new LIHTC Pilot program.
CBRE Brokers Sale of Nashville Community
The company represented the seller, a joint venture between Redwood Capital Group and Investcorp, in the sale of the 20-building Arbors of Brentwood.
Nashville Multifamily Report – Summer 2019
The metro’s fast-paced economic and demographic expansion is on track to continue boosting the multifamily sector.
Sentinel Real Estate Pays $51M for Nashville Apartments
As part of the deal, the new owner of the Class B multifamily asset assumed $28.5 million in debt.