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1520 Horton Avenue, Nashvil...

Carter-Haston Acquires Multifamily Assets In Nashville & Franklin For $175.6M
SOLDMultiFamily

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

Russell Oldham

Walker & Dunlop

Broker

$175.6M

vol

12 deals

Broker
Security Properties
Security PropertiesSeller

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