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| The Lexington Apartments, Bellevue submaket, Nashville, TN |
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| Colin Gillis |
NASHVILLE, TN – Passco Companies, LLC has acquired The Lexington Apartments, a 598-unit,
Class-A garden-style multifamily community located in the Bellevue submarket of
Nashville, Tennessee for $93.5 million, according to Colin Gillis, Passco Companies’ Director of Acquisitions,
Southeast.
“Nashville is one of the
fastest growing cities in the country, boasting population and job growth
numbers that have outperformed the national average each year post-recession,”
explained Gillis. “The Lexington Apartments is a solid acquisition for Passco.”
According to Gillis, the
Nashville market is directly aligned with Passco’s current acquisition
strategy, through which the company focuses on identifying markets that are
poised for significant growth.
The Lexington is located
in Bellevue, one of the most attractive submarkets of Nashville, Gillis added,
and the closest submarket to the area’s vast urban employment centers.
Vince Lefler
of JLL’s Nashville office facilitated the sale of The Lexington Apartments.
For a complete copy of the company’s news release, please contact:
Corynne Randel / Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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