EJF Capital and Chartwell Residential Joint Venture to Develop Multifamily Apartments in Downtown Nashville Opportunity Zone
Retrieved on:
Tuesday, June 1, 2021
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EJF Capital LLC (EJF) and Chartwell Residential (Chartwell) today announced that they have formed a joint venture to invest $80 million in a two-phase, multifamily development with approximately 750 units in Nashville, TN.
Key Points:
- EJF Capital LLC (EJF) and Chartwell Residential (Chartwell) today announced that they have formed a joint venture to invest $80 million in a two-phase, multifamily development with approximately 750 units in Nashville, TN.
- The site is adjacent to Amulet Lake, a 40-acre lake just north of downtown Nashville.
- Chartwell Residential already has put its mark on Nashville with its ability to target attractive investment opportunities, said EJF Co-CEO Neal Wilson.
- Chartwell employs approximately 1,200 in greater Nashville and is the second largest hotel owner and operator in the region.