Saturday, June 7, 2014

Multi Housing Advisors Brokers $13.8 Million Sale of Suburban Nashville, TN Apartments


Brett Kingman
NASHVILLE, TN — Multi Housing Advisors (MHA) has arranged the $13.8 million sale of Green Leaf at Hermitage, a 261-unit apartment community in Hermitage, Tennessee.

Brett Kingman, a director in MHA’s Atlanta office, represented the sellers, affiliates of Danville, California-based Green Leaf Partners, in the transaction. The buyer, an affiliate of Old Tappan, New Jersey-based Spyglass Capital Partners, did not use a broker.

 “Green Leaf at Hermitage is a unique value-add opportunity in a growing suburb of Nashville,” Kingman said. “As the overall Nashville economy continues to thrive, we continue to see increased investor demand for well-located assets due to improving market fundamentals.”

 Green Leaf at Hermitage was built in 1973 and includes one-, two- and three-bedroom layouts. Amenities include a fitness center, playground, swimming pool, business center, laundry facilities and a picnic area.

 The buyer plans to upgrade the interiors and exterior of the property.
clients and has become known for its effective multi-office platform, excellent transaction history and rapid growth.


For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404-549-7150 (O)
 404-405-2354 (C)


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