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National  + Tennessee  + Apartments  |  January 7, 2020
David Cohen
By: David Cohen

Security Properties Snags Nashville MF Project for $81M

Security Properties and Pacific Life Insurance Company have acquired Broadstone Gulch, a 238-unit new construction multifamily project in Nashville’s Gulch neighborhood. The sales price was $80.7 million.

The property is located in The Gulch, a LEED Neighborhood Development consisting of office space, luxury brand hotels and some of Nashville’s most popular restaurant and nightlife destinations. Amenities at Broadstone Gulch include a modern fitness center, rooftop sky lounge, indoor/outdoor pool club, demonstration kitchen, smart office space, pet spa and Google Fiber.

The property will be managed by Security Properties-affiliate Security Properties Residential. The transaction was brokered by Telly Fathaly and Kris Mikkelsen of Walker & Dunlop Investment Sales.

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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