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Charlotte Avenue

NASHVILLE, TN | Multifamily Prospective Acquisition – Single Building Fund

New York city skyline panorama at night. Aerial panoramic view of Manhattan illuminated skyscrapers after the sunset

Key Investment Highlights

  • Walkable, Amenitized Submarket – Ideally situated between the well-established Sylvan Park neighborhood to the south and rapidly gentrifying neighborhood The Nations to the north, with immediate walkability to nearby bars, restaurants and attractions.
  • ​Affordable-Luxury Product Type – With the subject property being just outside of Downtown Nashville, the development will offer more affordable pricing in a market where rents are skyrocketing due to high demand and a shortage of housing. ​
  • High-Growth Sunbelt Market – Nashville has experienced staggering growth due to an influx of corporate relocations to the city. The city experiences an average net migration of 100 residents per day.
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Development Information

  • Property Type

    Multifamily

  • Deal Type

    Single Building Fund

  • Units

    121

Deal Highlights

  • Estimated Project Cost

    $48,588,486

  • Total Debt Expected

    $29,153,092

Located in
Nashville, TN

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405 40th Ave. North,
Nashville, TN 37209
United States

Charlotte Avenue

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Charlotte Avenue
405 40th Ave N
orth
Nashville, TN 37209
United States

Deal Highlights

  • Estimated Project Cost $48,588,486
  • Total Debt Expected $29,153,092
Charlotte Avenue

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The Latest LCM Developments: 30-Day Construction Time-Lapse Video

The Latest LCM Developments: 30-Day Construction Time-Lapse Video

Check out this time-lapse construction video of Charlotte, a boutique, 121-unit multifamily development near downtown Nashville, TN. Located near Sylvan Park, this site is located in a highly walkable community with nearby on-ramp accessibility to I-40. This is one of the Nashville’s fastest growing upscale urban neighborhoods. This project perfectly embodies the essence of Nashville’s … Continued
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Disclaimer: The information contained herein is for informational purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle. Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to offering documents which will be provided to qualified prospective investors upon request. Prospective investors should review the offering documents carefully, which includes important disclosures and risk factors.

Risks and Limitations: the risks associated with making investment decisions based on targeted metrics is that they are targets. Commercial real estate investing is risky, and that means that the investment will not always play out according to expectations. Targeted returns involved multiple degrees of uncertainty and risk related but not limited to rental rates, lease expiration dates, occupancy rates, length of the investment period, exit cap rates, and interest rates. – Criteria and Assumptions- how a sponsor approaches the underwriting process (conservative, moderate, aggressive) may change the assumptions of the model which include targeted: cash yield, equity multiple, IRR, investment period and distribution rates

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