Capstone Apartment Partners is pleased to present Axis
& Mosaic Apartments, a two-property portfolio consisting of 363
units in Nashville, Tennessee. Located only 1 mile apart off of Mufreesboro
Pike, in one of the fastest growing Nashville submarkets, the assets are poised
to benefit from their immediate proximity to downtown and Wedgewood-Houston,
convenient interstate access, and adjacency to Nashville International Airport.
Rents in the Southeast submarket have grown 20% year over year, the highest percentage
rent growth of any Nashville submarket over that period. Rents are expected to
grow 6.5% into Q2 2023. The portfolio has significant value-add upside as
current out of state ownership has renovated a total of 82 units across both
properties, achieving average rent premiums of $350+. Both assets provide an
ideal value-add template for the next owner to complete, with the ability to drastically
increase rents to bridge the gap with renovated competition in the submarket.
Having a favorable location less than 10 minutes from downtown and immediate
access to major demand drivers, Axis & Mosaic presents a premier investment
opportunity to add significant scale in a dynamic submarket.
Submarket Competition Supports Ability to Significantly Increase Rents
Unprecedented Rent Growth in Submarket
Proximity to Downtown and Wedgewood-Houston
Connectivity to All Employment Nodes
Proven Value-Add Program