TA Realty Expands Nashville Portfolio With Acquisition Of Novel Harpeth Heights Apartments
615 Old Hickory Boulevard
$99,340,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 14, 2023
AI
The Novel Harpeth Heights apartments in Bellevue, Nashville have been sold in a recent transaction. The multifamily property was purchased by James O. Buckingham, representing TA Realty, for a total sale price of $99,340,000. The property consists of 322 units, with an average price per unit of approximately $308,509.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $99,340,000
- Address: 615 Old Hickory Boulevard, Nashville, TN
- Market: Nashville, TN
- Buyer: James O. Buckingham - TA Realty
- Seller: Brian Natwick - Crescent Communities
- Units: 322
- Price per Unit: $308,509
James O. Buckingham, representing TA Realty, has expanded their Nashville-area portfolio with the acquisition of the Novel Harpeth Heights apartments. The purchase of this property further strengthens their presence in the Bellevue area. On the other hand, Brian Natwick, representing Crescent Communities, acted as the seller in this transaction.
Players
Nashville 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93