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Nashville Apartment Portfolio Trades for $41M
JLL has brokered the $41.2 million sale of a two-property apartment portfolio in Nashville’s South submarket. The portfolio includes the Axis at 307 Glengarry Dr. and Mosaic at 1019 Patricia Dr. The two properties are located approximately 10 minutes from downtown Nashville.
Ian Anderson and Peter Chacon of JLL represented the seller, Archway Equities LLC, in the off-market transaction. The buyer was an affiliate of Bond Cos.
“We are strong believers in the fundamentals of Nashville and are committed to increasing our presence there,” said Sean Moghavem, president at Archway Equities. “We were able to exceed our business plan expectations in less than half our originally assumed hold period, resulting in a much stronger returns, even considering COVID. This is only due to Nashville’s dynamism and its ability to attract strong employers in its market.”
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
