{"id":1004126611,"date":"2015-09-01T02:58:11","date_gmt":"2015-09-01T10:58:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=359740"},"modified":"2021-05-10T03:00:44","modified_gmt":"2021-05-10T11:00:44","slug":"covenant-sells-west-nashville-community-for-30-5m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/covenant-sells-west-nashville-community-for-30-5m\/","title":{"rendered":"Covenant Sells West Nashville Community for $30.5M"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

A fund managed by Covenant Capital Group<\/a> recently sold The Views on the Cumberland, a 250-unit apartment community at 6700 Cabot Drive in Nashville. <\/strong>A group of real estate investors acquired the property for $30.5 million, according to the Tennessean<\/a>.<\/p>\n

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

The Views on the Cumberland<\/p>\n<\/div>\n

Covenant Capital Group sold the community after purchasing it three and a half years ago for $10 million. The real estate private equity firm also invested up to $10 million in renovations at the time.<\/p>\n

The Views on the Cumberland apartment complex offers one-, two- and three-bedroom apartments with sizes ranging from 600 square feet to 1550 square feet. Rents start at $919 and reach $1550 per month. The median household income in the area is $40,250.<\/p>\n

Community amenities include a clubhouse, business center, pet-friendly complex, high-speed internet access, on-site maintenance and management, laundry facility, swimming pool and fitness center. Nearby attractions include Nashville West Shopping Center, H.G. Hill Park, Brookmeade Park and the Cumberland River.<\/p>\n

Covenant, the property seller, currently owns 47 apartment communities throughout the country with more than $1.4 billion of assets under management on behalf of over 250 institutional and high net worth investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

A group of real estate investors recently acquired The Views on the Cumberland, a 250-unit apartment community at 6700 Cabot Drive in Nashville.<\/p>\n","protected":false},"author":735,"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":[],"class_list":["post-1004126611","post","type-post","status-publish","format-standard","hentry","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"\nCovenant Sells West Nashville Community for $30.5M - 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\/covenant-sells-west-nashville-community-for-30-5m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Covenant Sells West Nashville Community for $30.5M\" \/>\n<meta property=\"og:description\" content=\"A group of real estate investors recently acquired The Views on the Cumberland, a 250-unit apartment community at 6700 Cabot Drive in Nashville.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/covenant-sells-west-nashville-community-for-30-5m\/\" \/>\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=\"2015-09-01T10:58:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T11:00:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/The-Views-on-the-Cumberland.jpg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\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\\\/covenant-sells-west-nashville-community-for-30-5m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/covenant-sells-west-nashville-community-for-30-5m\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"Covenant Sells West Nashville Community for $30.5M\",\"datePublished\":\"2015-09-01T10:58:11+00:00\",\"dateModified\":\"2021-05-10T11:00:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/covenant-sells-west-nashville-community-for-30-5m\\\/\"},\"wordCount\":194,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/covenant-sells-west-nashville-community-for-30-5m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/The-Views-on-the-Cumberland.jpg\",\"articleSection\":[\"Nashville - 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