Preferred Apartment Communities (PAC) has acquired The Anson, a newly constructed 301-unit, class A multifamily community in Nashville. The financial terms and seller were not disclosed.
Jeff Sherman, PAC president of multifamily, said, “This acquisition expands our footprint in Nashville, a strategic market with tremendous growth prospects. Nashville continues to benefit from numerous corporate relocations, expansions and investments, including Facebook, General Motors and, most recently, Oracle. Not only is The Anson an absolute best-in-class product developed by Oxford Properties, it is located in an extremely high growth corridor along I-24, less than 15 miles to downtown, and within minutes of the 300+ acre mixed-use Century Farms Development.”
