Download Offering Materials: Nashville Hermitage Studios
Capstone Apartment Partners is pleased to present the temporarily branded Nashville Hermitage Studios, a hotel redevelopment opportunity located in Hermitage, Tennessee. Currently operated as a 108-key Rodeway Inn, the asset presents an exceedingly rare opportunity to reposition the existing property into a rental apartment community. The lower construction and redevelopment costs allow developers to provide affordable housing without incurring the expenses that exist with ground-up construction. Additionally, this strategy will be a beneficiary of the Metro Government of Nashville who has demonstrated interest in providing assistance to developers providing the much needed affordable living options. The incredible accessibility to the employment nodes of downtown Nashville and Mt. Juliet, in addition to the strength of the surrounding neighborhood multi-family fundamentals, make the Nashville Hermitage Studios an appealing investment opportunity.
Rare Hotel-to-Apartment Redevelopment Opportunity
Nashville’s Desire for Affordable Housing