Tuesday, March 20, 2012

HFF arranges $26.7 million in joint venture equity for residential and golf development in Nashville, TN


                                       
DALLAS, TX – HFF announced today that it has arranged $26.7 million in joint venture equity for the development of The Grove (top left photo), formerly named Laurel Cove, an 1,184-acre residential development and golf community in College Grove, Tennessee.

HFF worked on behalf of Terra Verde Group to secure the joint venture equity through an institutional private equity partner.

The development can accommodate up to 800 homes and will include a clubhouse with full-service spa, casual and gourmet dining, swim and athletic center, tennis complex and an 18-hole Greg Norman signature golf course. 

 The golf course is expected to open in September 2012.  The Grove is located south of Nashville at the intersection of Interstate 849 and Arno Road in College Grove.

The HFF team representing Terra Verde Group was led by senior managing director Trey Morsbach (lower right photo).

 Learn more at http://www.tvgllc.com/.


Contacts:                     

 TREY MORSBACH                                         
HFF Senior Managing Director                         
(214) 265-0880                                                
tmorsbach@hfflp.com                                      

 KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500

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