February 7, 2020
National real estate investor and operator Waterton has acquired Nashboro Village, a 994-unit apartment community in metro Nashville. The sales price was not disclosed.
Located at 115 Nashboro Blvd., the community was built in phases between 1974 and 1987 and is comprised of 69 two-and three-story buildings. The community is situated within a 400-acre master-planned community, and is approximately 10 miles southeast of downtown Nashville. Amenities include seven outdoor swimming pools with sundecks, outdoor tennis courts, a clubhouse, a stocked fishing pond and a dog park.
“We have been watching the Nashville market closely for some time and were attracted to the community’s value add potential, complexity and size,” said Matt Masinter, senior vice president of acquisitions at Waterton. “We wanted to enter the market with a sizeable asset like Nashboro Village because it creates efficiencies and aligns well with the value-add strategy we’ve implemented across the country.”
The seller was not disclosed.
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