National Apartment Partners Snags MF Community Near Nashville for $26M
Chicago-based real estate investment firm National Apartment Partners has acquired The Ridge Apartments, a 191-unit multifamily community in Goodlettsville, TN. The sales price was $25.7 million.
Set on 11 acres, the community is located approximately 15 miles north of downtown Nashville and consists of 25 buildings. The community was built in the late 1990s and was significantly expanded in 2005. The property is the 11th apartment community National Apartment Partners has acquired in central Tennessee in the past four years.
“The Ridge Apartments presents a unique opportunity to acquire a value-add, high-performing solid asset in a fast-growing submarket of Nashville,” said Brad Weiner and David Horwitch, managing principals at National Apartment Partners in a statement. “We are thrilled to add The Ridge Apartments to our Southeast real estate portfolio.”
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