NASHVILLE, TN—Passco Companies, LLC has acquired The Lexington Apartments, a 598-unit, class-A garden-style multifamily community located in the Bellevue submarket of Nashville, for $93.5 million.
“Nashville is one of the fastest growing cities in the country, boasting population and job growth numbers that have outperformed the national average each year post-recession,” said Colin Gillis, Passco Companies' director of acquisitions, southeast. “The Lexington Apartments is a solid acquisition for Passco.”
According to Gillis, the Nashville market is directly aligned with Passco's current acquisition strategy, through which the company focuses on identifying markets that are poised for significant growth.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
