Haven Realty Capital, Yieldstreet Acquire Build-to-Rent Community in Chattanooga for $28.6M

CHATTANOOGA, TENN. — Los Angeles-based Haven Realty Capital, in a joint venture with funds managed by New York City-based Yieldstreet, has closed on the first phase of a $28.6 million acquisition of Hartman Hill, a 71-home build-to-rent (BTR) residential community in Chattanooga. The Haven-led joint venture will close on the remaining homes in phases over the next seven months. Hartman Hill is being developed on a 26-acre site at 5005 Dayton Blvd. in the Red Bank neighborhood, approximately …

May 23, 2022Acquisitions, Build-For-Rent, Development, Multifamily, Single-Family Rental, Southeast, Tennessee

Tanger Breaks Ground on 290,000 SF Outlet Mall in Nashville

NASHVILLE, TENN. — Tanger Factory Outlet Centers Inc. has broken ground on Tanger Outlets Nashville, a 290,000-square-foot outlet mall in Nashville. Slated to open in fall 2023, the six-building, open-air property will be located on a 32-acre site along I-24 within the Century Farms development. Tanger Outlets Nashville will house 70 brands and provide approximately 1,100 full- and part-time retail and management positions upon completion. Nashville will be the third Tennessee market served …

May 19, 2022Development, Retail, Southeast, Tennessee

SomeraRoad Begins Construction on $108M Emblem Park Apartments in Nashville

NASHVILLE, TENN. — SomeraRoad, a real estate investment and development firm headquartered in Nashville and New York, has started construction on the $108 million Emblem Park, a 346-unit apartment community located in Nashville’s Wedgewood-Houston neighborhood. The property also includes 13,000 square feet of ground-floor retail space within the adaptive reuse portion of Emblem Park, where retailers will occupy the former Grooms Engine Warehouse.Located at 1414 Fourth Ave. S., Emblem …

May 19, 2022Development, Multifamily, Southeast, Tennessee

Legacy South, Patterson Close Construction Financing for Rowan Townhomes in Metro Nashville

ANTIOCH, TENN. — Legacy South, with the assistance of its capital advisor Patterson Real Estate Advisory Group, closed on equity and debt construction financing for The Rowan, an 80-unit rental townhome community in the south Nashville suburb of Antioch. Patterson arranged an undisclosed amount of joint venture equity financing with TriGate Capital and debt financing through Hancock Whitney.Upon completion, The Rowan will be spread across 16 different buildings with an average unit size …

May 18, 2022Development, Loans, Multifamily, Southeast, Tennessee

JLL Arranges Sale of Accent Edgewood Apartments in Nashville

NASHVILLE, TENN. — JLL Capital Markets has brokered the sale of Accent Edgewood, a 236-unit, mid-rise multifamily community in the Wedgewood-Houston neighborhood of Nashville. JLL represented the seller, Westplan Investors, in the transaction. PassiveInvesting.com acquired the Class A asset for an undisclosed price. Accent Edgewood features units with luxury finishes, including high ceilings, energy-efficient lighting, granite countertops, stainless steel appliances, vinyl and hardwood …

May 16, 2022Acquisitions, Multifamily, Southeast, Tennessee

Partnership Unveils Plans for Finery Mixed-Use Development in Nashville’s Wedgewood Houston District

NASHVILLE, TENN. — Hines and Cresset Real Estate Partners have announced plans for The Finery, a mixed-use development in Nashville’s Wedgewood Houston district. The property will span more than 700,000 square feet and include 383 apartments and T3 Wedgewood Houston, a 200,000-square-foot mass-timber office and retail building. The Nashville creative office building will be the 16th T3-branded building for Hines. The Finery will include restaurants, cafes, stores, fitness options and …

May 13, 2022Development, Mixed-Use, Southeast, Tennessee

JLL Arranges Sale of Stocking 51 Mixed-Use Campus in Nashville

NASHVILLE, TENN. — JLL has arranged the sale of Stocking 51, a five-building adaptive reuse campus in Nashville’s The Nations neighborhood. The buyer, an institutional investor advised by Stockbridge, purchased the property, which was originally built in 1927 as the Belle Meade Hosiery Mill. Richard Reid, Ryan Clutter and Huston Green of JLL, along with Trent Yates of Sagemont Real Estate, represented the seller, Vintage South Development, and procured the buyer. The sales price was not …

May 10, 2022Acquisitions, Mixed-Use, Southeast, Tennessee

Amazon Commits $10.6M to Create, Preserve 130 Affordable Housing Units in Nashville

NASHVILLE, TENN. — Amazon plans to invest a total of $10.6 million to help build and renovate more than 130 affordable housing units in Nashville. The investment is in partnership with the Metropolitan Development and Housing Agency (MDHA) and supports the social work of the local nonprofit CrossBridge Inc., which provides housing and supportive services to adults overcoming addiction. The investment is part of the Amazon Housing Equity Fund, which has earmarked more than $2 billion to create …

May 6, 2022Affordable Housing, Development, Loans, Multifamily, Southeast, Tennessee

Tauro Capital Advisors Arranges $149.7M Bridge Loan for 24-Store Walgreens Portfolio

LOS ANGELES — Los Angeles-based Tauro Capital Advisors, on behalf of borrower IBF Properties, has facilitated a $149.7 million, one-year, floating-rate bridge loan for a 24-property Walgreens portfolio.The stores are located in nine states across the United States, primarily in Tennessee, Wisconsin and Alabama. The borrower is purchasing retail assets occupied by investment-grade tenants and plans to create a REIT to hold and operate the portfolio of income-producing real estate.Matt …

May 6, 2022Acquisitions, Alabama, California, Loans, Net Lease, Retail, Tennessee, Western, Wisconsin

Carlisle to Open Hyatt-Branded Hotel at One Beale Development in Downtown Memphis

MEMPHIS, TENN. — Carlisle Corp. plans to open the first Caption by Hyatt-flagged hotel this summer in downtown Memphis. Caption by Hyatt Beale Street Memphis will anchor Carlisle’s $200 million One Beale mixed-use development, which includes three Hyatt-branded hotels and the new Renasant Convention Center. Memphis Business Journal reports that the new hotel’s development costs hovered around $41 million.Situated along Memphis’ famous Beale Street and the Mississippi River, the …

May 3, 2022Development, Hospitality, Mixed-Use, Southeast, Tennessee