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Atlanta & Southeast  + Southeast  + Student Housing  | 
Albion Residential has purchased Campus Crossings apartments in Murfreesboro, TN for $56 million.

Albion Residential Swaps $56M for Multifamily near MTSU in Murfreesboro

Newmark has completed the $56-million sale of Campus Crossings, a 252-unit multifamily community in Murfreesboro, TN. The property was 98% occupied at sale.

Vincent Lefler and Tarek El Gammal represented the seller, ApexOne Investment Partners, in the sale to Albion Residential.

Campus Crossings was constructed in 2006 near industry-leading employers and Middle Tennessee State University. The area’s 30% sustained population increase over the last decade landed Murfreesboro as the top submarket in the Nashville MSA for occupancy and rent growth over the past two years, according to Newmark.

“Murfreesboro offers something for everyone with its big city amenities, small-town quality of life, and college town vibrancy,” said Lefler. “Campus Crossings presents a tremendous opportunity for the new owners to take advantage of market-rate multifamily housing at a time when high-density development is restricted.”

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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