Sentral Expands Footprint to Nashville With Debut of 300-Unit Community in Music City’s Vibrant South Broadway Neighborhood

NASHVILLE, TN – Sentral SoBro, Nashville’s newest flexible living community within the Sentral brand, announces opening and availability to lease. With unprecedented demand for housing in the Music City, Sentral’s SoBro community located in the vibrant South Broadway neighborhood blends the comforts of home with the needs of the ever-growing population of mobile adventurers. The nearly 300-unit community is the latest in Sentral’s growing network of urban residential properties located in the country’s most sought after cities, offering spacious accommodations, premium amenities, adaptable workspaces and Sentral-curated local cultural experiences and events.
Featuring 12 tales and 226,427 square feet, Sentral SoBro presents sweeping views of the historic Nashville skyline and quick access to the city’s central business district and thriving cultural scene. Situated on Lea Avenue, the community is a small distance to The Gulch, Broadway’s famed honky-tonks, and iconic destinations, including the Country Music Hall of Fame and Ryman Auditorium. Residents and guests are also a small walk to many of Nashville’s well loved outdoor destinations, such as the Street Workout Park at Ascend Amphitheater and the picturesque Cumberland River Greenway trails.
“The real estate market has evolved. With much of the country no longer tied to a specific location, cities that were previously unattainable for many are now an option. Nashville is in a unique position where the city’s inventory cannot match the demands of the influx of new residents; with SoBro, we hope to help balance the scales by bringing the best of flexible living to the city.” said Jon Slavet, Chief Executive Officer of Sentral. “Nashville is a leader in southern hospitality; a destination rich in culture and Sentral SoBro offers an inclusive living experience that is as dynamic as the city itself.”
In 2021, 45% of full-time U.S. employees worked from home either all or part of the time, according to a recent study by Gallup. Sentral’s innovative, adaptable platform allows residents and guests to customize their living experience to match their evolving lifestyle, offering any length of stay, including a night, month, quarter or for multiple years, across their portfolio of urban locations of vibrant and walkable neighborhoods.
The pet-friendly SoBro presents a variety of studio, one-bedroom and two-bedroom floor plans boasting panoramic views, fully equipped kitchens, in-unit washer and dryers and sleek finishes. Guests and residents have the option to select apartments that are unfurnished, or designer-furnished by Sentral that already feel like home. Furnished spaces boast custom pieces intended for modern living and present nimble options for those working from home, including consoles that can double as a desk or dining table and custom nightstands with convenient power plugs and built-in safes. “At Sentral, we know the needs of the majority of today’s workforce and feel that those seeking to visit or relocate to Nashville will find that we designed this space with their needs top of mind,” says Slavet.
Elevated touches reach beyond the apartment homes at Sentral SoBro. Through Sentral’s success in other sought-after cities, we know that our residents and guests are seeking a living experience that is all inclusive,” says Slavet. The fourth floor reveals a resort-style pool and amenity deck, an outdoor kitchen with community barbeque grills, a 24/7, state-of-the-art fitness center with private yoga and cycling studio, resident clubroom lounge, and pet spa with professional-grade wash and drying stations. On the street level, four retail spaces are available to lease, encouraging local businesses to join the Sentral community.
Sentral SoBro is the prop-tech company’s 11th community to open under the Sentral flag. The innovative brand currently operates in eight gateway cities Atlanta, Austin, Chicago, Denver, Los Angeles, Miami, Nashville, and Seattle.

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Walker & Dunlop Structures $302 Million in Financing for 10-Property Apartment Portfolio in Central Connecticut Marketplace

BETHESDA, MD – Walker & Dunlop, Inc. announced that it structured $302,241,000 in Freddie Mac financing for a portfolio of ten multifamily properties in central Connecticut. The portfolio comprises 2,286 units in total, over 75% of which qualify as mission-driven, affordable housing under Federal Housing Finance Agency (FHFA) guidelines.
Taylor Williams, Managing Director in Walker & Dunlop’s Capital Markets group, structured the financing on behalf of Beachwold Residential, a repeat client and family-owned real estate company headquartered in New York City. The team provided support to the client throughout the entire deal process, working to ensure the latest rental rate increases were captured in the appraisal and underwriting processes. The new loan effectively provided the borrower with an attractive fixed rate and additional proceeds.
“Taylor Williams and his team are experts,” said Gideon Friedman, CEO of Beachwold Residential. “They provided clear and prescient guidance throughout the process, and their reaction time to any queries we had was exceptional. They are truly professionals when it comes to dealing with this type of transaction.”
“It was an honor to be chosen for this transaction by Gideon Friedman and the Beachwold team,” Mr. Williams added. “We were able to effectively do the deal with an brilliant rate, thanks to our skilled team and solid partnership with Freddie Mac.”
The ten-property portfolio is comprised of a diverse and unique set of communities with construction dates ranging from 1926 to 2008. The oldest property, 278 Main, was originally a schoolhouse, which was converted to apartments. Another distinctive property is Lofts at the Mills, a former mill that was recently converted to loft apartments. Most of the properties within the portfolio are situated in irreplaceable infill locations throughout Connecticut.

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Institutional Property Advisors Announces $193.5 Million Sale of 356-Unit Luxury Apartment Community in Scottsdale, Arizona

SCOTTSDALE, AZ – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Roadrunner on McDowell, a 356-unit multifamily asset in Scottsdale, Arizona. The property sold for $193.5 million, which equates to $543,539 per unit. The price per unit is the highest in Arizona s history for an institutionally sized apartment building. The transaction is also the largest single asset core multifamily sale and second-largest single asset multifamily sale overall in Arizona history.
An incredible acquisition opportunity for the buyer, Roadrunner on McDowell is a newly constructed landmark asset that juxtaposes timeless mid-century architecture with modern, resort-style luxury to establish a new standard of Arizona apartment living, said Steve Gebing, IPA executive managing director. Developed by JLB Partners, the property was built to attract a top-tier resident profile of high-wage earning professionals supported by 15,500-plus businesses within a 10-mile radius and Scottsdale s outstanding citywide demographics. Renter demand for South Scottsdale apartments has led to strong operational fundamentals and the imbalance of supply and demand is driving outsized forecasted rent growth. Gebing and IPA executive managing director Cliff David represented the seller and procured the buyer.
Roadrunner on McDowell was built as an homage to the history and context of mid-century architecture that is so present in South Scottsdale, said Kevin Ransil, Arizona partner for JLB Partners. As a community at the gateway entrance into Scottsdale, it was vital to pay exceptional attention to detail with artistic nods to the past while also embracing today s modern design. We focused on place-making and incorporated fun and unique features such as a linear park that follows the Arizona Canal, Vespa wall, Zen Garden and a vintage Airstream that make the property recognizable across the Valley as a completely distinct, one-of-a-kind multifamily asset.
Completed in 2022, the mid-rise, garden-style asset is located in the center of Greater Phoenix, adjacent to Papago Park. The potential renter pool of working professionals living within a 10-mile radius of the property is 700,000. Major employers in the area include General Dynamics, HonorHealth, Vitalant, Yelp, Indeed, Banner Health, and Opendoor. Ancient Town Scottsdale, home to designer art galleries, lively nightlife, and Scottsdale Stadium is three miles away.
Apartments at Roadrunner on McDowell feature high-end finishes, including hand-scraped hardwood floors and walk-in closets with custom wood shelving. Ceilings are nine feet high or taller and three-panel sliding Arcadia doors lead to private patios or balconies. Select apartments have city views and spacious walk-in showers with seats and glass enclosures. Common area accommodations including an expansive, resort-style swimming pool and spa with private poolside cabanas reflect the property s first-class setting and dedication to luxury living. Adjacent to the poolside amenities, an outdoor entertainment ramada with social seating, flatscreen televisions, a misting system, and barbecue grilling stations are a pass through to a Zen Garden. The leasing office and clubhouse are accentuated by lofty ceiling heights and wood accents that lay the foundation for a Wi-Fi-enabled entertainment lounge with flat-screen television, plush seating, and a dedicated co-working area with individual offices and a conference room.

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