{"id":1004114822,"date":"2015-03-04T08:46:46","date_gmt":"2015-03-04T16:46:46","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=330983"},"modified":"2021-05-14T19:01:42","modified_gmt":"2021-05-15T03:01:42","slug":"grant-cardone-drops-48m-on-four-apartment-communities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grant-cardone-drops-48m-on-four-apartment-communities\/","title":{"rendered":"Grant Cardone Drops $48M on Four Apartment Communities"},"content":{"rendered":"

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

\"\"<\/a><\/p>\n

The Fountains<\/p>\n<\/div>\n

Chicago area residential developer Cunat, Inc. sold four Nashville apartment communities in a deal that fetched $48.4 million, reported the Nashville Business Journal<\/a><\/em>. The acquired communities include Hickory Creek, Jackson Grove, Sheffield Heights and The Fountains.\u00a0 Buyer Grant Cardone, a Miami-based motivational speaker and businessman, formed LLCs specific to each complex. According to the Nashville Post<\/a><\/em>, Cardone made the acquisitions through Cardone Real Estate Holdings, a company that spent $250 million on Florida real estate in 2013-2014. According to the company\u2019s website, its average ROI has exceeded 200 percent on 22 consecutive transactions.<\/p>\n

Located at 700 Airways Circle, near Nashville International Airport, the 202-unit Sheffield Heights Apartments fetched $16.1 million, while the 238-unit Jackson Grove, located at 3417 Lebanon Pike in Hermitage, TN was sold for $18.8 million, the Nashville Post<\/em> reported.<\/p>\n

According to rent.com<\/a>, <\/em>Sheffield Heights comprises one-, two- and three-bedroom units of 750 to 1,100 square feet. The pet-friendly community features tennis courts, a swimming pool, fitness center, playground, business center and over-sized closets. Also comprising one through three-bedroom apartments, Hickory Creek offers units between 675 and 1,650 square feet, a swimming pool, fitness center and clubhouse. Jackson Grove\u2019s one- and two-bedroom units range between 700 and 900 square feet. The community has easy access to public transportation and features an outdoor pool, walking paths, fitness center and tennis courts. Also including one- and two-bedroom units, The Fountains\u2019 apartments range between 695 and 980 square feet. The Fountains highlights a swimming pool, extra storage and access to public transportation.<\/p>\n

Click here<\/a> for additional Nashville apartment market data<\/em><\/p>\n

Image credits: Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Chicago area residential developer Cunat, Inc. has disposed of four Nashville apartment communities, in a deal that fetched $48.4 million<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[],"class_list":["post-1004114822","post","type-post","status-publish","format-standard","hentry","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"\nGrant Cardone Drops $48M on Four Apartment Communities - 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\/grant-cardone-drops-48m-on-four-apartment-communities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grant Cardone Drops $48M on Four Apartment Communities\" \/>\n<meta property=\"og:description\" content=\"Chicago area residential developer Cunat, Inc. has disposed of four Nashville apartment communities, in a deal that fetched $48.4 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/grant-cardone-drops-48m-on-four-apartment-communities\/\" \/>\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=\"2015-03-04T16:46:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T03:01:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/The-Fountains.png\" \/>\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\\\/grant-cardone-drops-48m-on-four-apartment-communities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grant-cardone-drops-48m-on-four-apartment-communities\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Grant Cardone Drops $48M on Four Apartment Communities\",\"datePublished\":\"2015-03-04T16:46:46+00:00\",\"dateModified\":\"2021-05-15T03:01:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grant-cardone-drops-48m-on-four-apartment-communities\\\/\"},\"wordCount\":265,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/grant-cardone-drops-48m-on-four-apartment-communities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/The-Fountains.png\",\"articleSection\":[\"Nashville - 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