Located at
The new owner is Austin-based GVA Real Estate. The seller was St. Louis-based Timberlake Apartment Associates, which paid $504,000 for the 18.9-acre property in December 1984, according to Metro records. That entity then developed the site with the apartment complex.
The transaction is the equivalent of about $123,200 per unit.
GVA is not new to the market. Last December, the company paid a collective $55.25 million for three garden-style apartment complexes — comprising Crossings at East Nashville, Crossings at Madison and Flats at Nolensville with a combined 475 units (read
here). And in late 2019, it paid about $6 million for garden-style apartments complex Autumn Chase Apartments in Goodlettsville. That deal came about two years after acquired Meadow Brook Apartments in Madison for $5.9 million.