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Nonprofit buys airport-area apartments for $10M

Urban Housing Solutions pays $117K per unit after recent similar deal Nashville-based nonprofit Urban Housing Solutions has paid $10 million for a South Nashville apartment complex, according to a Davidson County Register of Deeds document. Located near Nashville International Airport and sitting on 3.9 acres, the property has an address of 300 Southwood Park Place. The 85-unit complex is called Southwood Park Apartments. Of note, the transaction follows UHS having paid in December 2020 $9.2 million for Parliament Place Apartments, which sits adjacent to the just-purchase property at 831 Glastonbury Road (read more The seller in the recent transaction was Southwood Park Partners, a related entity with which paid $50,000 for the then-raw land in 1985, according to Metro records. The apartments were constructed in 1986.

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