Capstone
Apartment Partners is pleased to present The Falls at Mill Creek, an
exceptionally well-maintained asset located in Nashville, Tennessee. Situated
in one of the hottest Nashville submarkets, the property will benefit from
immediate proximity to Downtown and Wedgewood-Houston, convenient interstate
access, and adjacency to Nashville International Airport. The Falls at Mill
Creek underwent a comprehensive reposition in 2015/2016 featuring upgrades such
as brand-new roofs, all new siding and HVAC systems, and a complete interior
renovation. Although The Falls at Mill Creek features upgraded interiors,
current market rents fall more than $300 below market average in the immediate
area, presenting an opportunity for instant organic rent growth. The next owner
is poised to benefit from the rapid growth and expansion of the Southeast
submarket, which saw rents increase 20% year over year, leading the Nashville
MSA.