Akara Partners secures $101.2m financing for class A Nashville apartment building
Akara Partners announced that it secured $101.2 million in refinancing for Kenect Nashville, a 420-unit class A high-rise apartment building built in 2020 and located in Nashville’s Midtown neighborhood.
JLL worked on behalf of the borrower to secure the loan through MF1.
Situated at 800 19th Ave. South, Kenect Nashville benefits from a highly desirable location at the intersection of Division Street and 19th Avenue South and allows walkability to restaurants, nightspots, parks and entertainment venues. The property is close to Vanderbilt University and Music Row and is also proximate to Belmont University. Additionally, residents are surrounded by 18 million square feet of office space occupied by prominent employers, including Amazon, Meta, Oracle, General Motors and more.