Marcus & Millichap Arranges $47.2M Sale of Apartment Portfolio North of Nashville

by Camren Skelton

CLARKSVILLE, TENN. — Marcus & Millichap has arranged the $47.2 million sale of a seven-property multifamily portfolio in Clarksville, located roughly 40 miles north of Nashville. David Stollenwerk of Marcus & Millichap arranged the transaction on behalf of the undisclosed seller and procured the out-of-state buyer. The communities included in the Class B portfolio were Heritage Point, Blue Grass Meadows, Parkway Place, Cobblestone, Newton Place, Whitehall Townhomes and Whispering Hills. The buyer plans to renovate the properties’ unit interiors.

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