Nashville Rental Asset Trades at a Slight Discount

Nashville Rental Asset Trades at a Slight Discount

According to a report from the Nashville Business Journal, LIV Development recently acquired the Eastside Heights apartments for $63.26 million. This price is slightly lower than what Steadfast Cos., the previous owner, paid for it in 2019.

The building, situated near the East Bank and completed in 2017, was a joint project between Southeast Ventures and Hardaway Construction. It boasts five stories with 249 apartment units and also includes 8,000 square feet of retail space on its ground level as well as a parking garage with room for up to 360 vehicles.

Based on this transaction amount, each unit at Eastside Heights was valued at approximately $254,076.

LIV Development has an extensive portfolio of over 20

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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