Olympus Property Acquires Midtown in Nashville, Tennessee

Dec 18, 2015, 14:29 ET from Olympus Property

FORT WORTH, Texas and SAN FRANSISCO, Dec. 18, 2015 /PRNewswire/ -- Olympus Property closes out a successful 2015 with the acquisition of Midtown in Nashville, Tennessee, the third asset acquired in Olympus Property's Tennessee portfolio.

Midtown is a Class "A" mid-rise apartment community comprised of 170 units and offers residents best-in-class construction, upscale interior finishes, and a high profile, infill location in downtown Nashville.

Midtown is situated on nearly two acres, ideally positioned between Nashville's most thriving economic areas: Downtown, West End and The Gulch. The property boasts a highly desired infill location in the heart of approximately 150,000 jobs with immediate access to West End and Charlotte Avenue.

"The Midtown property is a strategic acquisition with its central Nashville location and high end finish out. It will be a long term hold for Olympus," stated Chandler Wonderly, co-founder of Olympus Property.

Built in 2010, Midtown offers lavish amenities that include a media lounge with billiards and Wi-Fi, a "Zen inspired" garden, a 24-hour sky bridge fitness studio, elevator access, electronic building access, a parking garage and valet dry cleaning services.

The apartments are well-appointed with ultra-modern kitchens and baths, black energy star appliances, granite countertops, spacious walk in closets, expansive 9-foot ceilings, wood flooring, designer cabinetry, under mount sinks, washers/dryers, and patios/balconies with Nashville skyline views.

Anthony Wonderly, Chandler's brother and co-owner of Olympus Property, commented further, "We are thrilled to be expanding our Nashville portfolio with Midtown. Nashville is a strong fundamental market and we believe in the long term growth story." 

Midtown is the fourth property to be added to Olympus Property's fifth fund, WW Olympus Property V, LLC. The investment structure will provide investors an opportunity to diversify among numerous multi-family assets in strong markets throughout the United States. The opportunity is available immediately for new investors and offers an attractive return with an experienced owner/operator. 

To learn more about becoming involved and diversifying your portfolio with Olympus Property, please contact Braden Barr at 415-689-5855 or at Braden.Barr@OlympusProperty.com.  

About: Olympus Property

Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 23-year history, the company has become a successful and recognized name in the multi-family industry.  Olympus currently owns and manages 11,000 units across 8 states including Texas, Florida, Oklahoma, Arizona, Tennessee, Georgia, New Mexico, and California.  

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SOURCE Olympus Property