Multifamily real estate investment company WhiteRock Real Estate has completed its $35.5-million acquisition of The Falls at Mill Creek, a 204-unit apartment community in Nashville, TN.

Adam Klenk, Austin Heithcock, Jordan Arand and Joshua White of Capstone represented both WhiteRock Real Estate and the seller, Alexander Properties, in the transaction

WhiteRock Real Estate plans to improve community amenities, including the fitness center, clubhouse, and exterior leisure areas. The new owners also plan to engage a third-party management service to oversee operations at The Falls at Mill Creek.

Built in 1973 and extensively renovated in 2016, The Falls at Mill Creek was 95% occupied at the time of sale and is located on 15 acres. The property is comprised of 204 one-, two-, and three-bedroom apartments plus swimming pool, fitness center, business center, gated access, playground, dog park, and laundry facilities.