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A new real estate investment fund wants to help music venue owners buy their properties and stay in business as the pandemic and market forces decimate their earnings. ....
By 2017, Irish Hill was being repositioned as a mixed-use residential area and had become a magnet for new development, with a 400-unit apartment building erected on an industrial site down the street from Headliners. Even before the events of 2020, Argabrite was already feeling pressure from surrounding development. And then came the pandemic. Forced closures of music venues across the country due to social distancing meant overall revenue losses of up to 90% for some of the over 3,000 independent venues across America, with rent or mortgages still expected to be paid. “There were times when we were very close to seeing ourselves not being able to get to the next month.” ....
By: Deborah Speer exit / in SIGN OF THE TIMES: The exterior of Nashville’s historic Exit/In as the building’s owner makes a deal to sell the famed “Rock Block” property to AJ Capital.Jimmy Buffett played the first gig here. Comedian Steve Martin was an early regular, before becoming famous. It has a cameo appearance in Robert Altman’s groundbreaking film “Nashville.” Now, Exit / In, the city’s storied club celebrating its 50th anniversary this year, may fall to the wrecking ball. The property on which the leased building stands is in the process of being sold to AJ Capital, a luxury hotel developer. ....