FCP announces the acquisition of Hickory Lake Apartments, a 322-unit multifamily property at 3940 Apache Trail in Antioch, Tenn., in the Nashville MSA. FCP assumed a HUD loan as part of the transaction, but further terms were not disclosed.
“The acquisition of Hickory Lake Apartments provides FCP with an affordable community in a location proximate to Nashville’s largest employment centers,” said Scott Reibstein, vice president, multifamily acquisitions at FCP. “We are excited to be back in the rapidly growing Nashville market. FCP is thrilled to acquire Hickory Lake, a community that supports our commitment to the preservation of affordable and workforce housing. As Nashville continues to grow, properties like Hickory Lake are of vital importance for residents.”
Hickory Lake Apartments are located near Interstate 24, one of Nashville’s principal north-south corridors, providing access to the I-24 South Industrial Corridor as well as to downtown Nashville,