Security Properties Spins Off 240-Unit Nashville Rental Community

American Landmark Apartments acquired a 240-unit apartment community near the Nashville airport for $51.5 million. The apartment development at 1501 Woodland Pointe Drive was previously known as Hamptons at Woodland Point and will be rebranded as Woodland Pointe Residences. The Nashville Business Journal reports the seller in the recent deal was Security Properties Residential; the firm paid $45.27 million for the apartment complex in 2018.

Built in 2001, Woodland Pointe Residences offers a mix of one-, two- and three-bedroom apartment homes featuring a swimming pool with a poolside sundeck, fitness center with free weights, clubhouse, business center, bark park, BBQ grilling pavilion, car care center and controlled-access entry.

The property offers residents convenient access to Interstate 40, downtown Nashville and Nashville International Airport. The community is also situated near popular recreational destinations including Percy Priest Lake and Nashville Shores Lakeside Resort.