Investors, developers and employers have long touted Nashville, Tenn., as a city on the rise. Boasting considerable population, job and rent growth, there are many opportunities in the metro across all real estate asset types. Multifamily properties continue to perform well, evidenced by rising rents and nearly $500 million in deals closed in the first half of the year.
Multifamily buyers have overwhelmingly targeted value-add assets this year, with the bulk of transactions through June encompassing low mid-range to workforce housing in the metro’s southeastern reaches. The table below highlights the top five multifamily transactions closed during the first half of 2019, based on data from Yardi Matrix.