82-Unit Nashville Multifamily Property Sells for $22.5 Million

Posted on Apr 6 2016 - 8:36pm by Brandon De Hoyos

040616-village-green-img(NASHVILLE, TN)— An 82-unit apartment complex in Nashville has just been acquired by Champion Real Estate Company at a cost of $22.5 million.

The Village Green Hills Apartments is a newly-constructed property in an affluent Nashville community, sitting just off of Hillsboro Pike in the Green Hills submarket.

MultifamilyBiz.com reports the complex is only a few steps from the city’s only Whole Foods and Trader Joe’s stores, in addition to other lifestyle retailers.

The West Los Angeles-based company that purchased Village Green Hills Apartments has completed projects valued in excess of $1 billion and 2.5 million square feet.

Parker Champion, senior vice president of Champion Real Estate Company, says the company looks forward to installing a “class A” local management team at Village Green Hills, and regards the Nashville package as a “trophy property.”

This is the sixth multifamily property the company has purchased in Nashville.