Western Wealth Capital (WWC) acquired two Tennessee apartment communities; the River City North Apartment Homes in Chattanooga, Tennessee, and Meadow Creek Apartment Homes in Goodlettsville, Tennessee, just north of Nashville.
WWC and its investment partner, FSO Capital Partners (FSO), closed on the 192-unit portfolio for a purchase price of $20.7 million. The transaction was brokered by Taylor Froland of CBRE. WWC is partnering with FSO Capital Partners for its expertise in Low-Income Housing Tax Credit (LIHTC) investments.
The 108-unit River City North, located in Chattanooga, was built in 2007. Built in 2003 and located at 919 S. Dickerson Pike in Goodlettsville, Meadow Creek offers 84 units…