NASHVILLE, TN – Sherman Residential bought 909 Flats, a Class A multifamily property in Nashville, TN. 909 Flats is a 232-unit luxury apartment community situated on the edge of Germantown, one of Nashville’s most sought-after neighborhoods.
The property is across the street from the year-round Nashville Farmer’s Market and in between the Tennessee State Museum and State Capitol building. Residents will also benefit from the urban Greenway expansion initiative that plans to add greenspace and recreation areas directly next to the property.
The intersection of the Germantown and Capitol Hill neighborhoods provides a rich landscape for the 909 resident. Top employers, like Amazon, Pinnacle, and UBS, are within walking distance. New retail and restaurants are booming half a mile away at Capitol View’s corporate campus. Plus, Nashville’s new Titans Stadium will only be a seven-minute drive.
Flat’s midrise property and its resident-focused amenities deliver: Studio to two bedroom apartments reaching nearly 1,400 square feet; Elevated clubroom with a breathtaking skyline view; Luxury options, such as quartz countertops and pendant lighting; Exclusive guest suite reservable only by 909 residents; Open spaces available for work, study, making, and recording; A controlled-access garage with parking and EV charging included; Conveniences like in-unit washers and dryers and a 24-hour fitness center.
Sherman Residential s Senior Vice President stated: We’re excited to return to Nashville. We sold out of the market near the peak in 2021 and 909 Flats is a fantastic opportunity for us to reenter. The asset is a fantastic addition to the Sherman Residential portfolio.
Sherman Residential has been in the real estate business for over 100 years and currently owns assets in six states. The family-owned company is headquartered in north suburban Chicago.

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NEW YORK, NY – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced the acquisition of a portfolio of three purpose-built student housing assets with approximately 2,300 beds in partnership with Cardinal Group.
The portfolio s assets are located on average 0.1 miles from campus at leading four-year public universities across the Sunbelt with an average enrollment of approximately 40,000 students. The Class A properties feature a wide range of best-in-class amenities and were built on average in 2020.
This acquisition reflects our conviction in the resilience and long-term fundamentals of well-located student housing, and we are excited to add these assets to our portfolio, said Phill Solomond, Senior Managing Director and Head of Real Estate at Stonepeak. With growing enrollment trends and embedded demand for assets adjacent to campus, we look forward to delivering both high-quality living experiences for students and strong performance for our investors.
Stonepeak s real estate team invests thematically in real estate assets that demonstrate infrastructure characteristics. The team invests in high conviction sectors including supply chain, residential, healthcare, and technology real estate. With the benefit of the strength and insights of the broader Stonepeak platform, the team targets opportunities supported by strong macro tailwinds that have durable cash flow profiles, embedded demand drivers, high barriers to entry, inflation protection, and are mission critical to the businesses and communities they serve.
Simpson Thacher & Bartlett LLP served as legal counsel and Jones Lang LaSalle served as financial advisor to Stonepeak and Cardinal Group.

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KANSAS CITY, KS – Thompson Thrift, a full-service real estate company and one of the nation’s leading multifamily developers, announced the start of construction on Canopy Flats, a Class A multifamily community located along Metcalf Avenue in Overland Park.
“We’re proud to expand our presence in the Kansas City area with a community that reflects our commitment to thoughtful, high-quality development,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Canopy Flats is located in a thriving suburban market with strong demographics, award-winning schools, abundant parks, and vibrant local amenities that will further enhance the resident experience and the area as a whole.”
Situated on a prime 13-acre site at the southeast corner of Metcalf Avenue and W 95th Street, Canopy Flats will offer 303 one-, two- and three-bedroom apartment homes averaging 1,085 square feet. Each home will feature premium finishes including quartz countertops, designer cabinetry, stainless steel appliances, full-size washers and dryers, walk-in closets, smart home technology, and private patios, balconies or yard options.
Residents are expected to go in during spring 2027 and will delight in resort-style amenities designed to elevate everyday living. Highlights include a state-of-the-art fitness center featuring a sauna and cold plunge; an immersive golf simulator studio; billiards, shuffleboard, and a putting green; a heated swimming pool; an outdoor movie wall for community programming and resident events; grilling stations; a pet spa with grooming station and dog park; and a resident conference room with screenshare and video conferencing technology.
Located near the Metcalf corridor and just minutes from Interstate 435, residents will benefit from convenient access to major employers, top-rated schools, hospitals, parks, retail centers and entertainment districts. The community’s proximity to downtown Overland Park and the broader Kansas City metro makes Canopy Flats an attractive option for residents seeking a connected yet relaxed suburban environment.
Overland Park is an affluent suburb located 10 miles southwest of Kansas City. With over 200,000 residents, it is the second largest city in the Kansas City metro and was ranked the 7th best place to live in the U.S. and 4th best place to live in the Midwest in 2024 by Livability.com. Overland Park is also home to Aspiria, a 207-acre business campus with nearly 4 million square feet of Class A office space, with plans to add 1 million square feet of Class A office, 750,000 square feet of mixed-use and restaurant space, along with hospitality and multifamily uses.

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