Nashville – Knoxville
IPA Brokers Knoxville Senior Living Community Sale
The Marcus & Millichap division worked on behalf of the seller in its disposition of Northshore Heights, a 69-unit assisted living and memory care facility.
Nashville-Area Community Opens Doors
The 328-unit Mosby Cool Springs has opened in Franklin, Tenn. Developer Middleburg Real Estate Partners secured $40 million in financing last year.
Archway Holdings Buys $29M Nashville Portfolio
The seller, Belew Rentals, had purchased the multifamily assets encompassing more than 360 units between 2012 and 2013, for a combined $4.2 million.
Electra America Enters Nashville Market
The investor has completed its first acquisition in the metro with the purchase of Lyric on Bell, a 336-unit Class B community.
TriBridge, Stockbridge Sell Nashville-Area Community
Olen Properties paid more than $57 million for the 254-unit Class A asset, which last changed hands in 2014 for $42.2 million.
Knoxville Finds a Second Wind
With rents bouncing back to a 4.1 percent year-over-year growth rate as of August, the metro’s multifamily market is in the midst of a resurgence.
Nashville Is Thirsty for Condos
CA South Development Founder Meg Epstein makes the case for condominiums as a better investment than apartments in the growing metro.
Slower Growth Ahead for Nashville
Asking rates are expected to rise more gradually in the face of robust development—mostly comprising upscale projects—with the average rent reaching $1,216 as of August.
JP Morgan Opens Nashville-Area Community
The developer kicked off construction of the project in 2013. Built to achieve LEED Silver certification, the 328-unit asset is within a mile of more than 1,000 apartments currently underway.
IMT Capital Nabs Nashville-Area Community
Bell Partners, which acquired the asset in 2013, traded the 214-unit property for more than $50 million. CBRE Capital Markets provided the buyer with acquisition financing.