Gregory Jones & Graham Jones Acquire Multifamily Asset In Cordova For $71 Million

The property asset involved in this transaction is a multifamily type located at 536 Shelby Grove Dr, Cordova, TN. The sale was completed for $71,000,000, encompassing a total of 516 units. The property covers a square footage of 534,470 with a price per unit of $137,596 and a price per square foot of $132.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $71,000,000
• Units: 516
• Price Per Unit: $137,596
• Square Footage: 534,470
• Price Per Square Foot: $132
• Buyer: Gregory Jones & Graham Jones - GRJ
• Seller: Coastal Ridge
• Date of Transaction: 04/01/2025

Key individuals involved in the transaction include buyers Gregory Jones and Graham Jones, who represent GRJ in this acquisition. The seller, Coastal Ridge, was responsible for the property being sold in this deal, marking a notable transaction in the multifamily market of Cordova, TN.