Investment Highlights

Southpoint at Stones River represents TruAmerica’s first investment in the Nashville MSA. Located in the town of Hermitage, the property boasts tremendous access to job centers sitting approximately 15 minutes east of Downtown Nashville, 10 minutes northeast of Nashville International Airport, and within a five-minute drive of both Deloitte’s Nashville campus and Tristar Medical Center.

In addition to abundant employment opportunity, Oakwell Farms provides unique access to recreational activities. Stones River Greenway, a 9.8-mile trail that runs along the Stones River, is located 1.5 miles from the Property. Percy Priest Lake, located less than one-half mile south of the property, provides a myriad of options including several marinas, hiking trails, and the Nashville Shores Water Park.

Property Highlights

The 410-unit property was built in two phases in 1987 and 1989 featuring a desirable balance of one-, two, and three-bedroom floorplans. All floorplans at the property have porches or balconies as well as walk-in closets.

Prior ownership completed full renovations on nine homes (2%) with vinyl flooring in the kitchen, bathrooms, and living areas, black appliances, and upgraded dark brown shaker style cabinetry and has partially renovated 68 (17%) others with vinyl flooring in the kitchen and bathrooms as well as black appliances in the kitchen. TruAmerica plans to complete interior upgrades in all 410 apartment homes. The interior scope will include white shaker cabinet fronts, stainless appliances, quartz countertops, vinyl flooring, tile backsplash, and upgraded fixtures and hardware.

TruAmerica also plans to update and repurpose the amenity spaces and common areas at the Property. Planned upgrades include renovating the main clubhouse and repurposing the 2nd clubhouse, new pool furniture, exterior paint, outdoor kitchens at the pool areas, new signage, converting the existing playground to a dog park, and installing new fencing on the patios in first floor apartments.

Community Amenities

• Two swimming pools
• Leasing office with resident clubhouse
• Renovated fitness center
• Wifi access in clubhouse and pool areas
• On-site laundry rooms
• Playground
• Picnic and grilling areas
• Two lighted tennis courts

Investment Highlights

Viera Cool Springs represents TruAmerica’s second investment in the Nashville MSA and first in Williamson County. The property is centrally located in the Franklin submarket offering proximity to excellent public schools, abundant amenities, and white-collar employment in expanding employment centers such as Downtown Nashville (under 25 minutes), Brentwood (under 15 minutes), and Berry Hill (under 25 minutes).

TruAmerica plans to renovate all 468 homes, elevating the finish levels by adding vinyl flooring, installing stone countertops with an undermount sink and a tile backsplash, cutting down the kitchen bar top, painting unit interiors, updating cabinetry. Furthermore, TruAmerica will install washers and dryers in all units.

Property Highlights

The 468-unit property was built in 1987. The property has been well maintained, allowing most of the capital to be invested into accretive improvements to the apartment interiors. Potential amenity enhancements and upgrades include refreshing the clubhouse and fitness center, adding new furnishings at the pool, painting building exteriors, and improving the landscaping around the property.

Community Amenities

• Lighted Tennis Courts
• Two Swimming Pools
• Swimming Pool
• Resident Clubhouse with Coffee Bar/li>
• Business Center
• Fitness Center with Spin Room
• Detached Garages Available
• Yoga Studio
• Pet Washing Station

Investment Highlights

Ridgemont at Stringers Ridge represents TruAmerica’s first investment in the Chattanooga MSA and third overall in the state of Tennessee. Located in Chattanooga just above the NorthShore neighborhood, the property boasts tremendous access to job and amenity centers sitting approximately 5 minutes north of Downtown Chattanooga.

Ridgemont at Stringers Ridge’s location blends an outdoor lifestyle with business acumen, given its unique access to Stringer’s Ridge Park, a 92 acre of park with a trail head onsite, as well as direct access to NorthShore (under 1.5 mi.) and downtown Chattanooga (2.5 mi.). The employment base in the northern suburbs has increased substantially over the past decade, fostered significantly by the “Renaissance on the River” revitalization project, which developed ample commercial space in the area. Furthermore, the Property boasts quick access to four interstate highways, including I-24 and I-75, which offer convenient access to other major MSAs, namely Nashville and Atlanta, as well as the top employers in the area, including Amazon and Volkswagen.

Property Highlights

The 226-unit property was built in1988 and features one-, two, and three-bedroom floorplans. All floorplans at the property have porches or balconies as well as walk-in closets.

Prior ownership completed partial renovations in 194 homes leaving the remaining 32 homes in classic condition. TruAmerica plans to renovate all units at the property to a cohesive scope to include white shaker cabinet fronts, stainless steel appliances, quartz countertops, vinyl flooring, a tile backsplash in the kitchen, and upgraded fixtures and hardware. Additionally, prior ownership completed extensive exterior work and amenity upgrades which TruAmerica plans to complement with additional enhancements to the dog park, the fitness center, the clubhouse, as well as adding indoor bike storage.

Community Amenities & Unit Amenities

• Swimming pool
• Leasing office with resident clubhouse
• Fitness center
• Picnic and grilling areas
• Dog Park
• Stringer’s Ridge trailhead direct access
• Package lockers