Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast  + Southeast  + Apartments  | 
HHHunt has purchased Alta Foundry apartments in of Nashville, TN for $87 million.

Wood Partners Sells Midtown Nashville Multifamily for $87M

Blacksburg, VA-based HHHunt has completed its $86.6-million acquisition of Alta Foundry, a Class AA, 231-unit, newly constructed multifamily in the Midtown neighborhood of Nashville, TN. The five-story property (to be renamed Abberly Foundry) was in lease-up at the time of sale and 75% occupied at closing.

Tarek El Gammal and Vincent Lefler of Newmark represented the seller, Atlanta, GA-based Wood Partners. Newmark also represented Wood Partners its $97-million sale of Alta Union.

Matthew Lawton, Brian Dawson and Nick Brown of JLL represented the buyer; JLL also secured a $54.5-million floating-rate, bridge loan financing on behalf of the owner.

JLL has been retained by HHHunt to represent it on an buy-side representation for a capital placement of a 1031 transaction, where it sold a significant asset in the Southeast to strategically redeploy into strong, long-term growth markets in the Sunbelt. There will be a total of five, Class A multi-housing assets acquired in Nashville, Atlanta and Charlotte. 

Photo courtesy Iran Watson Photography

Connect

Inside The Story

Newmark

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.

Step 1: Select Education
  • ◦Sale/Acquisition
LeeAssociates-24-cube
NewPoint-10-cube