Stonewater Place Apartments
Jackson, TN
The property is a Class A multifamily project built in phases in 2013 and 2016 located along Interstate-40 in Jackson, TN which is between the Nashville and Memphis metropolitan areas. The property is a high quality, best in class, townhome style community and is intended to be held long term.
- Diversified employment base including; BlueCross Blue Shield, Stanley Black and Decker and Kellog.
- Tenant base primarily; empty nesters, management level staff and university faculty.
- Property consistently maintains a waiting list.
Number of Units
120 units
Building Size
172,000 sf
Equity Partner
Syndication
Acquisition Price
$16.25 M
Acquisition Cap
6.25%
Exit Price
N/A
Date
June 01, 2019