AND Asset Management Acquires Broadstone SoBro Multifamily Project In Nashville For $78.5M

Broadstone SoBro, a 226-unit multifamily property located at 800 4th Avenue South in Nashville, TN, has been sold for $78.5 million. The property was acquired by AND Asset Management from Alliance Residential Co, with Bruce Ward serving as the seller's representative and Brett Carr from CBRE acting as the broker.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $78,500,000
• Units: 226
• Price Per Unit: $347,345

In this deal, AND Asset Management has successfully acquired the Broadstone SoBro apartment project. The transaction was facilitated by seller Alliance Residential Co, with Bruce Ward representing their interests. The brokerage services were provided by Brett Carr of CBRE. The property, located at 800 4th Avenue South in Nashville, TN, consists of 226 units. The sale price for the property was $78.5 million, resulting in a price per unit of $347,345.