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| Barbara Guffey |
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF)
announces that it has closed the sale of and arranged acquisition financing for
Charlotte Pike Storage, a newly constructed, 952-unit, state-of-the-art
self storage facility in Nashville, Tennessee, that is now third-party managed
by Public Storage.
HFF marketed the property on behalf of the seller, Provident Realty
Advisors, Inc. Proffitt Dixon Partners purchased the asset.
Additionally, HFF arranged acquisition financing on behalf of the new
owner.
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| Charlotte Pike Storage, 512 26th Avenue North, Nashville, TN |
Completed in October 2018, Charlotte Pike Storage includes all
climate-controlled units housed in one 88,175-square-foot building that
features modern state-of-the-art amenities.
 |
| Jason Nettles |
Situated at 512 26 Avenue North, the facility is near the
thriving neighborhoods of West End, Belle Meade and Sylvan Park, providing
immediate access to the growing residential population, Vanderbilt University,
the new Amazon operations center and multiple other commercial drivers.
More than 104,575 residents earning an average annual household
income of $94,328 live within a three-mile radius of the facility.
The HFF investment advisory team representing the seller included managing
director Barbara Guffey and senior managing director Jason Nettles.
The HFF debt placement team representing the new owner consisted of
managing director Brent Bowman and senior managing director Travis
Anderson.
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| Brent Bowman |
Provident Realty Advisors, Inc. is a privately held real estate and
investment firm that seeks to provide exceptional risk-adjusted returns to its
investor partners through superior development of opportunistic and value-added
strategies.
Since its formation
in 1991, Provident has developed or invested in more than $3 billion worth of
real estate projects.
About Proffitt Dixon Partners
Proffitt Dixon Partners is an investment and development firm with a focus
on Class-A apartment communities and self storage facilities in the
Southeast.
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| Travis Anderson |
The firm continues to seek unique opportunities in markets and submarkets with high barriers to entry, solid fundamentals and strong population growth.
CONTACTS:
BARBARA GUFFEY
HFF Managing Director
(713) 852-3500
JASON NETTLES
TN Lic. #00319495
HFF Senior Managing Director
(404) 832-8460
BRENT BOWMAN
HFF Managing Director
(704) 526-2800
TRAVIS ANDERSON
HFF Senior Managing Director
(704) 526-2800
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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