Newmark closed the $100 million sale and financing of Viera Cool Springs, a 468-unit multifamily community at 300 N. Royal Oaks Blvd. in the the Nashville suburban area of Franklin/Cool Springs.
Newmark executive managing directors Tarek El Gammal and Vincent Lefler represented the seller, Lindemann Multifamily Management, LLC, a Miami-based investment firm with major holdings in Florida, North Carolina and Tennessee, in the sale to TruAmerica Multifamily, a Los Angeles-based investment firm focused on the western and eastern United States.
Constructed in 1987 and located on more than 36 acres, the property features lighted tennis courts, three pools with expansive sundeck and poolside Wi-Fi, detached garages, two dog parks, a yoga studio and a fitness center. Residents also enjoy walkability to abundant outdoor amenities including local greenways, golf courses and more. Select units feature stainless appliances, designer paint schemes, double crown molding and plankwood flooring.