Cortland Partners Acquires New Apartment Community in Nashville for $69.6M
NASHVILLE, TENN. — Cortland Partners has acquired Accent Bellevue, a 322-unit apartment community located at 645 Old Hickory Blvd. in Nashville. The sales price was not disclosed, but the Nashville Business Journal reports the newly built asset sold for $69.6 million. The Atlanta-based company acquired the property from developer Bellevue Apartments LP, an entity created by Westplan Investors. Cortland Properties will rename the property Cortland Bellevue. Constructed in 2017, the community includes studio to three-bedroom units and features a fitness center, saltwater pool and nearby green space and parks. Rental rates range from $1,225 to $1,950 per month, according to Apartments.com. The acquisition brings Cortland Partners’ portfolio to more than 40,000 apartment units nationwide and marks the company’s entrance into the Nashville market.