Lion Expands Nashville Apartment Portfolio
Lion Real Estate Group acquired Bradford Woods, a 312-unit multifamily property in Nashville. The latest purchase increases the company’s stake in the Nashville market to five and brings its multifamily portfolio to 26 communities across five states. They will re-brand the property as “The Grove Brentwood” and begin revamping the asset.
Lion’s Ben Kriegsman said, “The Grove will see a complete renovation program, inside and out. We are planning to completely overhaul the leasing office/clubhouse, gym, pool area, and all the other on-site amenities. Each of the unit interiors will undergo premium renovations to include stainless-steel appliances, quartz countertops, upgraded lighting, along with other interior upgrades.”
The community is located at 5242 Edmondson Pike. Lion said it secured the assumption of a Fannie Mae loan at a strong leverage point.
Lion is focused on acquiring value-add and opportunistic multifamily properties targeting marketing such as Nashville, Atlanta, Dallas-Fort Worth, Charlotte, Raleigh-Durham, Phoenix and Austin.
