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TRADE STREET BUYS 172-UNIT THE TRAILS AT SIGNAL MOUNTAIN

CHATTANOOGA, TENN. — Aventura, Fla.-based Trade Street Capital has purchased the 172-unit The Trails at Signal Mountain in Chattanooga for $12 million from Brookside Properties. Amenities include a clubhouse with fitness center and a resort style pool. The acquisition was funded by a Trade Street Capital fund and CW Capital helped arrange the agency financing. CB Richard Ellis' Nashville office represented the seller in the transaction. In May, Trade Street Capital acquired property next door, the 263-unit Fontaine Woods, from TGM Associates for $13 million.

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