Atlanta & Southeast + Southeast + Apartments | December 12, 2022

Halaby Capital has acquired Thompson Place Apartments in in Nashville, TN for $9 million.

Halaby Capital Scoops Up Nashville Apartments for $9M

Real estate investment company Halaby Capital has acquired Thompson Place Apartments, an 84-unit apartment community located in Nashville, TN, for $9 million ($107,143 per unit).

Ben Crawford of commercial real estate brokerage firm Marcus & Millichap represented the seller, a private individual, and procured Halaby Capital.

“This sale presents an opportunity for immediate rent growth for the buyer,” said Crawford. “The asset is well-positioned in the Southeast Nashville submarket, which led the metro area with 20% year-over-year rent increases.”

Thompson Place Apartments is sits on 2.35 acres at 1100 Thompson Place, about four miles from Nashville International Airport and six miles from downtown Nashville.

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Marcus & Millichap's Crawford

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.