July 29, 2019
KeyBank Real Estate Capital has provided a $48-million Freddie Mac loan for the acquisition of Providence Trail Apartments, a 334-unit multifamily community in metro Nashville.
Located at 2500 Aventura Dr. in Mt. Juliet, the community was built in 2008 and is comprised of 24 three-story buildings. The property underwent a $1.6-million renovation in 2016. Amenities include a dog park, saltwater swimming pool, grilling stations, courtyards and a clubhouse.
KeyBank provided the financing to the buyer, New York-based institutional asset manager Bluerock Real Estate. The seller was not disclosed.
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