Keith Rosenthal & Aaron Sirulnick Acquire Peyton Stakes Apartments In Nashville For $78M

Phoenix Realty Group and Ditmas Management Corp. have acquired the 249-unit Peyton Stakes Apartments in Nashville, Tennessee, for $78 million. The multifamily property, located at 1401 3rd Avenue North, sits on approximately 1.95 acres of land. The transaction was completed on January 2, 2024. The sale price equates to a per unit price of $313,253.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $78,000,000
• Address: 1401 3rd Avenue North, Nashville, TN
• Market: Nashville, TN
• Acres: 1.95
• Buyer: Keith Rosenthal - Phoenix Realty Group & Aaron Sirulnick - Ditmas Management Corp
• Seller: Bluestone Properties
• Units: 249
• Price Per Unit: $313,253

Keith Rosenthal from Phoenix Realty Group and Aaron Sirulnick from Ditmas Management Corp represented the buyers in this transaction.