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New Chattanooga Investment Firm Buys 6 Historic Properties
Since forming in May, Historic Holdings has acquired six multifamily and commercial buildings in its home base of Chattanooga.
Robert Fisher organized Historic Holdings with partners Bo Ferger, Dan LeVan, Saurahb Patel, and Perry Underwood. The group purchased a block on Fountain Square that includes the Hardwick Hogshead apartments and the Fitzgerald Apartments for $17 million. It includes two commercial properties between the two apartment buildings with 18,472 square feet or restaurant and commercial space. Historic Holdings also purchased nearby downtown properties Eight59 Flats for $3 million, and the Fort Wood Apartments for $6.5 million.
The properties are more than 97-percent leased, and two of them are listed on the National Register of Historic Places. SVN Second Story manage the properties.
The portfolio was purchased from private investment firm Enclave Holdings, based in Raleigh, NC. Enclave paid $11 million for the Fountain Square block in 2018.
- ◦Sale/Acquisition

