Andrew Buchanan And Doug Root Of Blackfin Real Estate Investors Acquire Multifamily Property For $26M In Nashville

The multifamily property located at 100 Brookridge Trail in Nashville, TN, was sold for $26,000,000. The asset comprises 181,071 square feet and includes a total of 177 units, with a price per square foot of $144 and a price per unit of $146,893. The garden-style property, constructed in 1986, mainly features two-bedroom units averaging 1,023 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Square Footage: 181,071
• Price per Square Foot: $144
• Units: 177
• Price per Unit: $146,893
• Buyer: Andrew Buchanan & Doug Root - Blackfin Real Estate Investors, LLC; Shaun Donovan - Enterprise Community Partners

Blackfin Real Estate Investors and Enterprise Community Partners are set to acquire the property through the Enterprise Preservation Fund VI. The seller was not disclosed in the transaction.