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| 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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