A Cool Springs apartment property has sold for $100 million, more than twice the figure for which it last changed hands roughly eight years ago.
The new owner of Viera Cool Springs is Royal Oaks Fee Owner, an affiliate of Los Angeles-based real estate investment firm TruAmerica Multifamily. The seller was Viera Holdings LLC, an affiliate of Miami-based Lindemann Multifamily Management. Led by George Lindemann and Jud Laird, the LLC paid $44 million for the property in 2013, according to Williamson County property records.
Located at
300 N. Royal Oaks Blvd. at that road's intersection with Liberty Pike, Viera Cool Springs opened in 1986 and comprises multiple two-story buildings with a collective 468 residences. As such, the transaction is the equivalent of almost $214,000 per unit.