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Highline at Knoxville
Build-to-RentInvestment SalesNewsSoutheastTennessee

PPR Capital Management Purchases BTR Community in Knoxville, Tennessee, for $87 Million

by Channing Hamilton

KNOXVILLE, TENN. — PPR Capital Management has purchased Highline at Knoxville, a build-to-rent (BTR) community in Knoxville, for $87 million. The acquisition includes both Phase I and Phase II of the project. Phase I consists of 110 single-family rental (SFR) units, which are currently in lease-up. Phase II, which is slated to be delivered in tranches between 2026 and 2027, will add 151 townhomes and detached SFR homes. BTR Group is the general contractor for the project. Greystar is the property manager. PPR Capital Management partnered with Center Creek Capital …

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Queens WeHo in Nashville, Tennessee
Investment SalesNewsSoutheastTennessee

Origin Investments Buys Queens WeHo in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — Origin Investments has purchased Queens WeHo, a 221-unit property located in downtown Nashville’s Wedgewood-Houston neighborhood. Proffitt Dixon, who developed the community in 2023, sold the asset for an undisclosed price.  The property offers a mix of studio, one-, two- and three-bedroom apartments ranging from 559 to 1,120 square feet. The ground level features a 6,461-square-foot restaurant space, which is occupied by Mercado by Butchertown. The asset was 94 percent occupied at the time of sale. Queens WeHo marks the second acquisition of the Chicago-based buyer’s Origin Exchange …

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Stonehenge in Lebanon, Tennessee
Investment SalesNewsSoutheastTennessee

IPA Arranges $52 Million Sale of Stonehenge Near Nashville, Tennessee

by Channing Hamilton

LEBANON, TENN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Stonehenge, a 228-unit community in Lebanon, about 20 miles east of Nashville. The asset traded hands for $52 million. The buyer and seller were not disclosed. Built on a 13-acre site in 2023, Stonehenge offers units ranging from one- to three-bedrooms. Amenities include a saltwater pool, clubhouse, fitness center and entertainment lounge. David Stollenwerk, Will Balthrope and Drew Garza of IPA represented the seller and procured the buyer in the transaction. Additionally, …

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Society Nashville in Nashville, Tennessee
DevelopmentFinanceNewsSoutheastTennessee

Joint Venture Tops Out $197 Million Development in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — A joint venture consisting of PMG, New Valley Realty and RMWC has topped out Society Nashville, 16-story mixed-use development located at 915 Division St. in The Gulch neighborhood of Nashville. Society Nashville will feature 502 apartment units, as well as 8,400 square feet of retail space and 485 parking spaces. The first move-ins at Society Nashville are expected by the end of the year. The developers have received a total of $197 million in financing for the project, including a $162 million construction loan from Square Mile …

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Modera Nations in Nashville, Tennessee
DevelopmentNewsSoutheastTennessee

Mill Creek Underway on 396-Unit Community in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — Mill Creek Residential is constructing Modera Nations, a 396-unit project in The Nations neighborhood along the Cumberland River in Nashville. Situated at 1650 54th Ave. N, Modera Nations will be located about three miles west of the city’s downtown area. Mill Creek broke ground on the project in December 2023, with the first move-ins slated for fall 2025. Modera Nations will feature studio, one-, two- and three-bedroom apartments. Each unit will include a patio or balcony, as well as technology features such as smart thermostats, key fob …

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Olive at Peabody Union in Nashville, Tennessee
DevelopmentNewsSoutheastTennessee

Partnership to Open 27-Story Residential Tower in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — A partnership between Hensler Development Group, Stiles and PGIM Real Estate will open Olive at Peabody Union, a 345-unit high-rise project situated between downtown Nashville and the Cumberland River. The 27-story tower will offer studios, one-, two- and three-bedroom penthouses, which range from 1,179 to 2,585 square feet in size. Planned amenities include a wellness center with a sauna and cold plunge, speakeasy sky lounge, pool deck and hot tub, coworking lounges and a gym. The development team, along with newly appointed property management firm Bozzuto Group, …

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Landmark at Gleneagles in Dallas
Investment SalesNewsSoutheastTennesseeTexas

S2 Capital Acquires Five-Property Portfolio Totaling 1,768 Units

by Channing Hamilton

DALLAS, ANTIOCH, TENN. AND KNOXVILLE, TENN. — S2 Capital has acquired a portfolio of five distressed properties facing foreclosure in Dallas, Antioch and Knoxville. S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment. ACORE Capital provided a $170 million senior loan for the acquisition. The loan features a five-year term. The five properties included in the portfolio were:

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Pro Park in Clarksville, Tennessee
Investment SalesNewsSoutheastTennessee

Oakley Group Acquires 96-Unit Pro Park in Clarksville, Tennessee

by Channing Hamilton

CLARKSVILLE, TENN. — Birmingham, Alabama-based investment firm Oakley Group has acquired Pro Park, a 96-unit asset located at 850 Professional Park Drive in Clarksville, about 46 miles northwest of Nashville. Built in 2024, Pro Park consists of three buildings situated on a 4.4-acre site. The community offers one- and two-bedroom units ranging from 879 to 1,200 square feet in size. Amenities include a clubhouse, pool, 20 garages and 64 storage units. The community was 63 percent occupied at the time of sale. Developer Bert Singletary sold the asset to Oakley …

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Alton Nexus in Gallatin, Tennessee
DevelopmentNewsSoutheastTennessee

Kolter Multifamily Breaks Ground on 300-Unit Alton Nexus in Gallatin, Tennessee

by Channing Hamilton

GALLATIN, TENN. — Kolter Multifamily, along with its affiliates, has broken ground on Alton Nexus, a 300-unit project in Gallatin, roughly 30 miles northeast of Nashville, Tennessee. The community will offer a mix of one-, two- and three-bedroom apartments. Planned amenities include a pool with outdoor firepits, clubroom with a bar, coworking spaces and a fitness center with a yoga studio. Kolter Multifamily expects to deliver Alton Nexus in winter 2026. Alton Nexus is part of the Nexus master-planned development, which features a business park, shops and restaurants. The project …

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Sovereign Apartments in Fort Worth, Texas
FloridaGeorgiaInvestment SalesKentuckyNew YorkNewsNortheastSouth CarolinaSoutheastTennesseeTexas

West Shore Secures $533 Million Refinancing for 2,806-Unit Sun Belt Portfolio

by Channing Hamilton

NEW YORK CITY — Newmark has arranged a $533 million loan for the refinancing of a portfolio spread across six states in the Sun Belt. Boston-based investment firm West Shore was the borrower. Citigroup provided the fixed-rate CMBS financing, which features a single-asset, single-borrower loan structure. Purvesh Gosalia, vice chairman of Newmark, secured the financing on behalf of West Shore.  The portfolio totals 2,806 units across nine garden-style properties. The assets include: Newmark is headquartered in New York City. The company also recently announced an assignment to market 10 multifamily …

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