Harrison Street Asset Management & Elmington Residential Acquire Multifamily Properties In Nashville For $54.8M

The transaction involved the sale of two multifamily properties located at 1710 Belcourt Avenue and 2111 Belcourt Avenue in Nashville, TN. The total sale price was $54,800,000 for 177 units, resulting in a per-unit price of $309,605.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,800,000
• Units: 177
• Address: 1710 Belcourt Avenue & 2111 Belcourt Avenue
• Market: Nashville, TN
• Price Per Unit: $309,605

The acquisition was made by a partnership between Harrison Street Asset Management and Elmington Residential. The deal was represented by brokers Nick Brown, Peter Yorck, and John Weber from JLL Capital Markets, who arranged the off-market sale of the properties, which included Belcourt Park and Village 21 at Regions Park.