Multifamily real estate investment company WhiteRock Real Estate has completed its $35.5-million acquisition of The Falls at Mill Creek, a 204-unit apartment community in Nashville, TN.
Adam Klenk, Austin Heithcock, Jordan Arand and Joshua White of Capstone represented both WhiteRock Real Estate and the seller, Alexander Properties, in the transaction
WhiteRock Real Estate plans to improve community amenities, including the fitness center, clubhouse, and exterior leisure areas. The new owners also plan to engage a third-party management service to oversee operations at The Falls at Mill Creek.
Built in 1973 and extensively renovated in 2016, The Falls at Mill Creek was 95% occupied at the time of sale and is located on 15 acres. The property is comprised of 204 one-, two-, and three-bedroom apartments plus swimming pool, fitness center, business center, gated access, playground, dog park, and laundry facilities.
The post WhiteRock Real Estate Drops $36M for 1973-Vintage Nashville Community appeared first on Connect CRE.
Multifamily real estate investment company WhiteRock Real Estate has completed its $35.5-million acquisition of The Falls at Mill Creek, a 204-unit apartment community in Nashville, TN. Adam Klenk, Austin Heithcock, Jordan Arand and Joshua White of Capstone represented both WhiteRock Real Estate and the seller, Alexander Properties, in the transaction WhiteRock Real Estate plans to …
The post WhiteRock Real Estate Drops $36M for 1973-Vintage Nashville Community appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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