Updated Mar 23, 2026
M3 Multifamily Acquires Newport Station Apartments In Thompsons Station For $52.6M
1635 Bryson Cove
$52,600,000
Units
192
Asset Type
MultiFamily
Closing
Mar 23, 2026
About this deal
AI
The property involved in the transaction is a 13-acre multifamily asset located at 1635 Bryson Cove in Thompsons Station, TN. The buyer, M3 Multifamily, acquired the Newport Station apartments, which consists of 192 units. The sale price for this transaction was $52,600,000, making the price per unit approximately $273,958.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $52,600,000
- Address: 1635 Bryson Cove
- Market: Thompsons Station, TN
- Acres: 13
- Units: 192
- Price Per Unit: $273,958
- Seller: John Maher Builders
- Seller's Representative: Marcus & Millichap
The transaction was completed on March 23, 2026. M3 Multifamily's acquisition of the Newport Station apartments reflects their ongoing investment in the multifamily sector in Williamson County, Tennessee.
On the Map
$52,600,000
MultiFamily
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Thompsons Station 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93