HHHunt Corporation Pays $106M for 304-Unit Community in Nashville
Blacksburg, VA-based HHHunt Corporation has acquired Abberly Riverwalk (formerly Alta Riverwalk), a 304-unit apartment community located on Great Circle Road in Nashville, TN, for $106 million.
Matthew Lawton, Brian Dawson and Nick Brown of JLL represented HHHunt Corporation, a real estate development and management firm, in the transaction while Travis Anderson and Warren Johnson also of JLL secured the floating-rate, bridge loan financing on behalf of the new owner.
JLL was exclusively retained by HHHunt to represent them on an exclusive buy-side representation for a large capital placement of a 1031 transaction, where they sold a significant asset in the Northeast to strategically redeploy into strong, long-term growth markets in the Sunbelt. There are a total of five, Class A multi-housing assets acquired in Nashville, Atlanta and Charlotte. HHHunt intends to continue to acquire assets on a strategic basis going forward.
Abberly Riverwalk has an expected completion date of July 2023.