Security Properties Sells Nashville Portfolio for $176M
Seattle-based Security Properties has sold a three-property, multifamily portfolio in Nashville, TN for an aggregate price of $175.6 million. Walker & Dunlop’s Russ Oldham, Brett Kingman and Robbie O’Bryan arranged the sale to local management firm Carter-Haston. Walker & Dunlop also financed the buyer.
The properties included are:
Artessa, a 250-unit apartment community in Franklin, TN. The property offers the buyer an opportunity to make capital investments to further enhance the property within a premier submarket.
Duet (pictured), a 215-unit multifamily complex in Nashville. Located in the city’s West End near Centennial Park, the property provides competitive amenities with proximity to a range of transportation and employment.
Note 16, an 86-unit, Class-A asset in Nashville. Situated in the heart of Music Row, the community offers walkability to the area’s amenities and easy access to Nashville’s top entertainment venues.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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