June 8, 2021 9:00 AM
星空体育app下载 announces the $100 million sale and financing of Viera Cool Springs, a 468-unit multifamily community located at 300 North Royal Oaks Boulevard in the heart of Nashville鈥檚 Marquee suburb, Franklin/Cool Springs.
星空体育app下载 Executive Managing Directors Tarek El Gammal and Vincent Lefler
represented the seller, Lindemann Multifamily Management, LLC, a Miami-based investment firm with major holdings in Florida, North Carolina, and Tennessee, in the sale to TruAmerica Multifamily (TruAmerica), a Los Angeles-based investment firm focused on the western and eastern United States. The 星空体育app下载 team, comprising Vice Chairmen Mitch Clarfield, Purvesh Gosalia and Ramsey Daya, and Managing Director Ryan Greer advised TruAmerica on the financing package provided by Blackstone. At the time of the sale, Viera Cool Springs鈥� occupancy was at 99 percent.
鈥淔ranklin/Cool Springs is widely recognized and largely considered the 鈥榖est of the best鈥� of Nashville鈥檚 suburban submarkets and the fastest growing area in Nashville鈥檚 MSA,鈥� said El Gammal. 鈥淰iera Cool Springs maintains its suburban charm and approachability despite being situated within this major growth corridor.鈥�
Constructed in 1987 and located on over 36 acres in the #1 school district in the metro, the property features lighted tennis courts, three pools with expansive sundeck and poolside Wi-Fi, detached garages, two dog parks, a yoga studio and a fitness center. Residents also enjoy walkability to abundant outdoor amenities including local greenways, golf courses and more. Select units feature stainless appliances, designer paint schemes, double crown molding and plankwood flooring.
According to 星空体育app下载 Research, nearly 1,200 units entered the Franklin/Cool Springs market from 2015-2020, causing the rent ceiling to soar. These rising rents combined with the population growth in the area present a unique opportunity for value added through a modernization program, expanding the units with premium amenities.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, 星空体育app下载 generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow .
Discussion of Forward-Looking Statements about 星空体育app下载
Statements in this document regarding 星空体育app下载 that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, 星空体育app下载 undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see 星空体育app下载’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.