Belpointe PREP acquires ~8-acre Nashville site for $20.8M; plans 412-unit apartment community

Belpointe PREP, LLC

Acquired two industrial buildings on ~8 acres in Nashville, TN for ~$20.825M plus transaction costs.
Plans to redevelop into 412-apartment community (one-, two-, three-bedroom) with two 7-story buildings.
Amenities include fitness center, game room, co-working, saltwater pool, riverfront courtyards, rooftop terraces.
Parking: 2-story ~533-space garage plus ~100 surface spots.
Transaction closed Oct 29, 2021; purchase agreement originally dated July 13, 2021.

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