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100 Antioch Pike, Nashville...

Greystar Acquires Multifamily Property On Antioch Pike For $73.6M
SOLDMultiFamily

Greystar Acquires Multifamily Property On Antioch Pike For $73.6M

100 Antioch Pike, Nashville, Tennessee 37211, United States

$73,600,000

Building Size

Asset Type

MultiFamily

Closing

Nov 15, 2021

AI

The recently closed property transaction in Nashville, TN involved a multifamily asset located at 100 Antioch Pike. The property spans across 24 acres, offering a sizable investment opportunity in a sought-after market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $73,600,000
  • Units: 323
  • Price Per Unit: $227,864
  • Buyer: Greystar - Bob Faith
  • Seller: Carroll Organization - M. Patrick Carroll

Leading the acquisition is Greystar, represented by Bob Faith. The buyer saw great potential in this multifamily property, highlighting its appeal in the Nashville market. On the other side, the Carroll Organization, led by M. Patrick Carroll, served as the seller in this transaction. The successful deal demonstrates the confidence in the asset's value and the opportunities it presents.

Players

Bob Faith

Greystar

Buyer

$2.4B

vol

27 deals

Buyer
M. Patrick Carroll

M. Patrick Carroll

Carroll Organization

Seller

$326.5M

vol

5 deals

Seller

Nashville-Davidson MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93