Carter-Haston Acquires Multifamily Assets In Nashville & Franklin For $175.6M
1520 Horton Avenue, Nashville, Tennessee 37212, United States
$175,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 26, 2022
AI
The multifamily properties located at 1520 Horton Ave, 301 31st Ave N, and 1000 Artessa Cir in Nashville and Franklin, TN have been sold in a recent transaction. The sale was completed by Carter-Haston, who purchased the properties from Security Properties. The deal was facilitated by brokers Russ Oldham, Brett Kingman, and Robbie O’Bryan of Walker & Dunlop. The total sale price for the properties was $175,600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $175,600,000
- Date: 09/27/2022
- Market: Nashville & Franklin, TN
The buyers in this transaction were Carter-Haston, a real estate investment firm. They acquired the multifamily properties located at 1520 Horton Ave, 301 31st Ave N, and 1000 Artessa Cir. The seller, Security Properties, successfully closed the deal with a sale price of $175,600,000. The brokers involved in the transaction were Russ Oldham, Brett Kingman, and Robbie O’Bryan from Walker & Dunlop, who represented their respective parties throughout the deal.
Players
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93