MT. JULIET, TN – September 21, 2023 – Momentum Real Estate Partners, LLC (“Momentum”) proudly announces the acquisition of Park Place, the newest addition to the Momentum Real Estate Fund IV portfolio. Situated at 100 Township Blvd in Nashville’s esteemed Mt. Juliet submarket, this 290-unit community represents the second major acquisition for Fund IV. Momentum continues to emphasize its hands-on approach, underlining the firm’s strategic focus on acquisition in growing markets with a solid employment base.
Mt. Juliet distinguishes itself with an outstanding school district and the significant presence of the Amazon MQY1 center, a sprawling 3.6 million square foot warehouse. The stringent construction regulations of Wilson County augment Park Place’s allure, offering high barriers to entry that enhance the property’s unique value proposition. Beyond Amazon, the region’s employment landscape is bolstered by other key contributors. These include a substantial distribution center for FedEx, an Under Armour distribution facility, Cracker Barrel with its corporate headquarters, Vanderbilt Wilson County Hospital representing the healthcare sector, and notable logistics operations by Ceva Logistics, among others.
Mauricio Gruener, Co-President and Co-CEO of Momentum, shared, “With Park Place, we highlight our steadfast commitment to identifying prime real estate opportunities. The property’s current positioning allows us to capitalize on the untapped potential, primed for realization.”
Eduardo Gruener, Co-President and Co-CEO, said, “Park Place is more than just a property; it reflects Momentum’s commitment to our investors. As we refine Provenza at Park Place, we envision setting new benchmarks in dynamic markets such as Nashville.”
Under Momentum’s stewardship, Park Place is poised for a strategic transformation. The acquisition highlights Momentum’s expertise in discerning valuable prospects in fluctuating market conditions. With dedicated asset management strategies and thoughtful enhancements, the company seeks to make a substantial impact in markets like Nashville.
Securing this property is a testament to Momentum’s acumen in the field. This strategic acquisition was further complemented by obtaining a favorable fixed-rate financing arrangement with Freddie Mac, underscoring the company’s expertise in navigating the real estate finance landscape.
Amid the rapidly evolving real estate environment, Park Place stands as a model of the company’s approach founded on fundamentals. Momentum’s continues its pursuit of advancing and setting the standards within the real estate investment sector.
About Momentum Real Estate Partners, LLC
Based in Miami, Florida, Momentum Real Estate Partners, LLC has made a significant mark over the past decade in the real estate industry, with transaction volume across major U.S. markets amassing a total of $1.4 billion in property value. Since its founding, the company has acquired 20 projects, totaling approximately 5,159 residential units spread across 15 cities. Delve into their story at momentumrep.com.
Disclaimer: INVESTING CARRIES SIGNIFICANT RISKS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS STATEMENT IS NEITHER AN OFFER TO BUY OR SELL SECURITIES NOR A RECOMMENDATION. KINDLY REFER TO OUR PRIVATE PLACEMENT MEMORANDUM FOR ESSENTIAL INFORMATION AND DISCLOSURES.
