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Monday, 15 October 2018

four apartment properties with 826 units in Nashville, Tenn.

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The garden-style properties are:

- Hickory Creek, with 200 units at 1150 Vultee Blvd., which was built in 1968;

- Jackson Grove, with 238 units at 3417 Lebanon Pike, which was constructed in 1977;

- Lincoya Bay, with 186 units at 300 Lincoya Bay Drive, which was built in 1974, and

- Sheffield Heights, with 202 units at 700 Airways Circle, which was constructed in 1979.

Morgan plans to invest $8.7 million on renovations to the properties, including upgrades to unit interiors and exteriors as well as their fitness centers, playgrounds, dog parks and swimming pools.



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Additional Info

  • City: Nashville
  • State: TN
  • Type: APT
  • Price: 91000000
  • Size: 826
  • Unit Price (in USD): $110,169/unit
  • Buyer: Morgan Properties
  • Seller: Cardone Capital
  • Cap: [{"name":null,"value":"","target":null}]
  • Status: [{"name":"","value":1,"target":null},{"name":"SOLD","value":2,"target":null},{"name":"PENDING","value":3,"target":null}]
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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