Miramar Capital Acquires 167-Unit Multifamily Community In Smyrna From David McGowan For $54.5M

The asset involved in the transaction is a multifamily property located at 100 Gaunt Drive, Smyrna, TN. This Build-to-Rent townhome community consists of 167 units and was sold for a total amount of $54,500,000, which translates to a price per unit of $326,347, marking a record price-per-unit for the Smyrna/La Vergne submarket.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,500,000
• Units: 167
• Price Per Unit: $326,347
• Buyer: Miramar Capital
• Seller: David McGowan
• Brokers: Austin Fragoletti, Sam Jackson, Tucker Brock & John Endom - MMG Real Estate Advisors

The transaction was facilitated by MMG Real Estate Advisors’ Tennessee team, highlighting the role of key brokers in executing the deal for the Build-to-Rent community, ensuring a successful closure of this significant property sale.