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Cantor Fitzgerald, L.P. has disposed Rivertop Apartments in Nashville, TN in a total return of 137% of aggregate original investment.

Cantor Fitzgerald Sells Nashville Apartments in Total Investor Return of 137%

Financial services provider Cantor Fitzgerald, L.P. has disposed Rivertop Apartments, a 224-unit Class A apartment community located in Nashville, TN with views of the Cumberland River.

The sale was facilitated on behalf of investors in Rivertop Apartments and in a total return of 137% of their aggregate original investment and an internal rate of return of 12% over the approximately three-year hold period.

The 2019-constructed Rivertop Apartments is approximately eight miles west of downtown Nashville along the I-40 corridor and provides accessibility to major employment centers, universities, retail centers and lifestyle amenities.

As of December 31, 2022, Cantor Fitzgerald’s real estate investment portfolio comprised over 7,900 stabilized multifamily units plus over 2,500 units under development, and over 8.1 million square feet of office, industrial, life science and retail space across 147 properties. For the 12-month period ending September 30, 2022, Cantor Fitzgerald participated in more than $155 billion of total real estate transactions.

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Inside The Story

Cantor Fitzgerald's Aaron Wessner

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.

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