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Sunroad Enterprises has paid $162 million for Elliston 23 multifamily in Nashville, TN.

Sunroad Enterprises Acquires $162M Multifamily in Nashville’s West End

CBRE has arranged the $162-million sale of Elliston 23, a 331-unit multifamily property in Nashville, TN. Sunroad Enterprises acquired the property.

Brett Carr and Kevin Geiger of CBRE represented the seller, The Connor Group, and Nate Sittema of CBRE arranged the financing on behalf of the buyer.

“Multifamily housing demand continues to rise in downtown Nashville and this sale is a reflection of this fact,” said Carr. “Rents have been on the rise and a majority of new supply in this pocket has been high-rise construction.”

Elliston 23 offers studio-, one- and two-bedroom units along with fitness center, pool and sun deck area, conference room and courtyard with grilling stations. The property has 15,000 square feet of integrated ground-floor retail. The property is within the West End submarket in downtown Nashville and is walking distance to Vanderbilt University, St. Thomas Hospital, Centennial Park, The First Center for Visual Arts and more than 150,000 jobs.

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CBRE's Carr

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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