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HERMITAGE, TENN. — Grubb & Ellis Apartment REIT has acquired the 350-unit Canyon Ridge Apartments, located at 3868 Central Pike in Hermitage, from an affiliate of Principal Real Estate Investors for an undisclosed amount. The complex, which was built in 2005, encompasses 13 three-story buildings on 22.5 acres. Amenities include a fitness center, cyber café, lap pool and two tanning salons. Scott Tyrone and Perry Gooch of Collier Turley Martin Tucker’s Brentwood, Tenn., office represented the seller.