Newmark closed the $93.6 million sale and $69 million financing of Apex Glassworks, a 282-unit, recently constructed multifamily community in Metrocenter, a fast-growing infill submarket in the heart of Nashville, Tennessee.
The property traded from the seller Alpha Capital Partners, a Pittsburgh-based real estate private equity firm, to buyers Invictus Real Estate Partners LLC and Jonathan Leifer of L3C Capital Partners, both New York-based real estate private equity companies.
The buyers have rebranded the asset as Glassworks. At the time of sale, the Class-A+ property was 94% occupied.
Newmark Managing Directors Tarek El Gammal and Vincent Lefler represented the seller and Vice Chairman Purvesh Gosalia secured financing through lender PCCP on behalf of Invictus and L3C.
