Westplan Investors Sells Luxury Nashville Community
The newly completed property is less than 5 miles from downtown.
Accent Edgewood. Image courtesy of JLL Capital Markets
Westplan Investors sold Accent Edgewood, a 236-unit, Class A community in Nashville, Tenn., to PassiveInvesting.com. Senior Managing Directors John Weber and Ian Anderson with Director Vic Ciancetta of JLL Capital Markets represented the seller.
Located at 2165 Nolesville Pike, the newly completed property is 4.5 miles south of downtown Nashville. Entertainment options are available, with The Fairgrounds Nashville less than 1.5 miles away and the Nashville Soccer Club Stadium within walking distance.
The 236-unit luxury community features modern finishes, stainless steel appliances, granite countertops and large walk-in closets, among others. Amenities include a gym, swimming pool, dog park, coffee bar, coworking space and a recording room.
According to a January 2022 Yardi Matrix report, the Nashville market recorded solid performance in 2021, with more than 4,000 units delivered while sales surpassed $2.7 billion. Earlier this year, Praedium Group acquired a 296-unit community in Nashville for $96 million. Meanwhile, a joint venture including American Landmark Apartments and BentallGreenOak bought a 288-unit property in suburban Murfreesboro, Tenn.
