{"id":1004094608,"date":"2014-04-14T05:42:01","date_gmt":"2014-04-14T13:42:01","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=253705"},"modified":"2022-12-05T05:56:50","modified_gmt":"2022-12-05T13:56:50","slug":"vista-germantown-sold-for-record-53m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vista-germantown-sold-for-record-53m\/","title":{"rendered":"Vista Germantown Sold for Record $53M"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a>Nashville\u2019s apartment market is reaching for the stars, with two record-breaking sales inked just a few days apart. Following the recent $83 million sale of Wyndchase Aspen Grove, which broke the per-community price record (details here<\/a>),<\/em> the $53.25 million sale of Vista Germantown set a new record in the per-unit price category, reported the Nashville Post<\/em><\/a>, as it was sold for a cool $220,041 per apartment. That\u2019s $10,000 per unit more than previous record holder West End Nashville.<\/p>\n

Vista Germantown Apartments LP, an affiliate of Canadian institutional investor Avison Young Inc., acquired the 242-unit community from Ohio-based Associated Estates Realty Corp. affiliate AERC Bristol Germantown JV. The latter co-developed Vista Germantown with Franklin-based Bristol Development Group, an entity that sold its ownership in 2010 for over $6.7 million. California-headquartered Hancock Real Estate Strategies and Nashville-based The Kirkland Co. marketed the property on behalf of AERC.<\/p>\n

As previously reported<\/em><\/a>, Vista Germantown was expected to be a record-breaking deal if it sold before 331-unit Elliston 23, another high-profile Nashville apartment project on the market. Elliston 23 is expected to be bought at a per-unit price in the high $200,000s.<\/p>\n

Opened in 2012 and developed at a $32 million cost, the Vista Germantown luxury apartment complex is located in Nashville\u2019s historic Germantown district. It features 242 one- or two-bedroom units, each with uniquely designed floor plans and amenities such as stainless steel appliances, oversized closets and granite kitchen counters. Community amenities include a five-story parking deck, resort-style saltwater pool, 24-hour fitness center, bike storage areas, electric car charging stations, grilling are and firepit.<\/p>\n

Image via the Vista Germantown Facebook page<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Nashville’s apartment market is reaching for the stars, with two record-breaking sales inked just a few days apart.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[1598,1815],"class_list":["post-1004094608","post","type-post","status-publish","format-standard","hentry","category-nashville-knoxville","category-latest","tag-nashville","tag-national"],"acf":[],"yoast_head":"\nVista Germantown Sold for Record $53M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vista-germantown-sold-for-record-53m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vista Germantown Sold for Record $53M\" \/>\n<meta property=\"og:description\" content=\"Nashville’s apartment market is reaching for the stars, with two record-breaking sales inked just a few days apart.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vista-germantown-sold-for-record-53m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-14T13:42:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T13:56:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Vista-Germantown.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vista-germantown-sold-for-record-53m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vista-germantown-sold-for-record-53m\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Vista Germantown Sold for Record $53M\",\"datePublished\":\"2014-04-14T13:42:01+00:00\",\"dateModified\":\"2022-12-05T13:56:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vista-germantown-sold-for-record-53m\\\/\"},\"wordCount\":270,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vista-germantown-sold-for-record-53m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/Vista-Germantown.jpg\",\"keywords\":[\"Nashnville-Knoxville\",\"National\"],\"articleSection\":[\"Nashville - 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