Waterton, a Chicago-based national real estate investor and operator, launched its new Outbound Hotels brand, a collection of locally-minded hotels offering differentiated lodging options for lifestyle travelers seeking outdoor-inspired experiences near town centers and cultural hubs.

“Outbound Hotels expands the traditional hospitality model,” said David Schwartz, CEO and chairman of Waterton. “Our portfolio of hotel properties creates lifestyle-oriented lodging options in destinations that provide year-round opportunities to connect adventure-minded visitors and locals to the outdoors.

Waterton partnered with Argosy Real Estate Partners to bring its repositioning acumen to a 17-acre Qualified Opportunity Zone site in Oakhurst, California, just south of Yosemite National Park. The property will be developed as Outbound Yosemite Resort, a 135-key outdoor-inspired lifestyle hotel. Outbound Hotels-branded property is a place for travelers to disconnect so they can reconnect with nature and offers an alternative lodging option that embraces its surroundings.

Photo credit: Waterton

National real estate investor and operator Waterton has acquired Nashboro Village, a 994-unit apartment community in metro Nashville. The sales price was not disclosed.

Located at 115 Nashboro Blvd., the community was built in phases between 1974 and 1987 and is comprised of 69 two-and three-story buildings. The community is situated within a 400-acre master-planned community, and is approximately 10 miles southeast of downtown Nashville. Amenities include seven outdoor swimming pools with sundecks, outdoor tennis courts, a clubhouse, a stocked fishing pond and a dog park.

“We have been watching the Nashville market closely for some time and were attracted to the community’s value add potential, complexity and size,” said Matt Masinter, senior vice president of acquisitions at Waterton. “We wanted to enter the market with a sizeable asset like Nashboro Village because it creates efficiencies and aligns well with the value-add strategy we’ve implemented across the country.”

The seller was not disclosed.

For comments, questions or concerns, please contact David Cohen