Fairfield Residential paid $51.8 million for a 380-unit South Nashville apartment complex. The Landmark at Wynton Pointe apartment community, located at 1000 Enclave Circle, was purchased for about $136,289 per unit. The development has a pool, fitness area, clubhouse, barbecue grills and lighted tennis courts. Rents range from $1,100-$1,600 a unit up to 1,133 square feet.

GVA Real Estate was the seller. The Nashville Business Journal reports it’s Fairfield’s fourth purchase of a Nashville apartment this year. GVA has been the seller in all four recent deals between the two.

GVA has undertaken more than ten real estate transactions in the Nashville market since 2019 and has sold several apartment buildings to multiple out-of-town buyers in the past few months.

Fairfield Residential owns and manages residential properties in more than 35 U.S. cities.