The 194-unit multifamily community in the suburbs of Nashville, TN, was acquired by Prizma in 2020. Designed for modern living, it offers amenities that appeal to the city’s vibrant renter base, while Prizma’s management focuses on efficient operations, strong performance, and tenant satisfaction through local partnerships. The asset underwent renovations designed to enhance curb appeal and modernize amenities. Beyond the renovation-driven rent premiums, strong on-the-ground execution contributed to sustained organic rent growth. The asset was sold in July of 2024 for a price which was 35% higher than the original purchase price, reflecting a 1.96X equity multiple.
