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Origin Investments acquired the Queens Wedgewood-Houston (Queens WeHo), a 221-unit multifamily community at 715 Hagan St. in the WeHo neighborhood of downtown Nashville, Tenn. The purchase price exceeded $79.4 million.

Queens Wedgewood-Houston, developed by Proffitt Dixon, was delivered in 2023 and features a mix of studio, one-, two-, and three-bedroom units ranging in size from 559 square feet to 1,120 square feet. At the closing, the stabilized community was approximately 94% occupied after leasing at a pace of more than 20 units per month during the summer and fall. 

Another significant benefit of the property is its restaurant and retail space. It is fully leased to Mercado by Butchertown, a Nashville restaurant with a rooftop bar, Ramone’s.  

A Walker & Dunlop team led the Investment Sale and Debt Placement efforts in the transaction.

With this acquisition, Origin Investments’ portfolio of multifamily properties totals nine communities and over 2,300+ units in varying stages of pre-development, construction or operation in Nashville.

The post Proffitt Dixon Trades Nashville Rental Asset for Nearly $80M appeared first on Connect CRE.

​  Origin Investments acquired the Queens Wedgewood-Houston (Queens WeHo), a 221-unit multifamily community at 715 Hagan St. in the WeHo neighborhood of downtown Nashville, Tenn. The purchase price exceeded $79.4 million. Queens Wedgewood-Houston, developed by Proffitt Dixon, was delivered in 2023 and features a mix of studio, one-, two-, and three-bedroom units ranging in size from …
The post Proffitt Dixon Trades Nashville Rental Asset for Nearly $80M appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News