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National  + Tennessee  + Finance  |  July 29, 2019
David Cohen
By: David Cohen

KeyBank Provides $48M Acquisition Loan for Nashville MF Community

KeyBank Real Estate Capital has provided a $48-million Freddie Mac loan for the acquisition of Providence Trail Apartments, a 334-unit multifamily community in metro Nashville.

Located at 2500 Aventura Dr. in Mt. Juliet, the community was built in 2008 and is comprised of 24 three-story buildings. The property underwent a $1.6-million renovation in 2016. Amenities include a dog park, saltwater swimming pool, grilling stations, courtyards and a clubhouse.

KeyBank provided the financing to the buyer, New York-based institutional asset manager Bluerock Real Estate. The seller was not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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