M3 Multifamily has acquired the Newport Station apartment community in Williamson County for $52.6 million. The multifamily buyer purchased the property from John Maher Builders, with a division of Marcus & Millichap representing the seller in the transaction. The asset is described as a Nashville-area apartment complex, adding to M3 Multifamily’s existing holdings in the region.
Newport Station is located at 1635 Bryson Cove in Thompson’s Station and opened in 2024. The community spans 13 acres and is composed of several three-story residential buildings. In total, the property contains 192 multifamily units, contributing new, recently delivered inventory to the local rental housing stock.
The sale price places a clear valuation marker on a newly opened suburban multifamily asset in Williamson County. While specific operating metrics and cap rates were not disclosed, the closed transaction indicates investor demand for recently completed rental communities in this Nashville-area submarket.
M3 Multifamily, the buyer in the transaction, was formed in 2008 as a multifamily-focused investment platform. Since inception, the firm has raised $135 million of investor equity and placed an additional $200 million of debt across its portfolio. That portfolio comprises seventeen multifamily communities totaling more than 3,158 units.
As of the information provided, M3 Multifamily’s current holdings include eleven properties located in the Austin/Round Rock area, the Nashville area, and Tucson. The purchase of Newport Station expands the firm’s presence in the Nashville market and adds another recently delivered community to its operating portfolio.
John Maher Builders, the seller of Newport Station, has operated as a homebuilder in Spring Hill for more than 30 years. The firm’s long-standing residential development activity in the area provided the platform for the creation and disposition of the Newport Station apartment community. Specific development costs, lease-up performance, and financing details for the project were not disclosed in the available information.
