Real estate investment firm Lion Real Estate Group, LLC has acquired the Eastland Apartments, a mixed-use project consisting of 49 apartment units and 4 retail units located at 1035 W Eastland Avenue in Nashville, TN. The Property was acquired from a private individual for $9.9mm. This is the fifth acquisition for Lion Real Estate Group in the Nashville area (they currently own and manage four properties in Nashville including Avery, Easton, Hampton Chase, and the Ellington Apartments).
Built in 2017, the property consists of one and two-bedroom units and four retail units on the ground floor. Lion plans to modernize and upgrade both the interior and exterior and further stabilize the property. The Eastland Apartments features several amenities including a fitness center, exterior courtyard, clubroom, community lounge and deck, and onsite restaurant and retail offerings.
For more information on this acquisition please refer to the article in the Nashville Post.