Download Offering Materials: The Wallace Studios
Capstone Apartment Partners is pleased to present The Wallace Studios, a temporarily branded hotel redevelopment opportunity located in Nashville, Tennessee. Currently operated as a 124 key Americas Best Value 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 workforce housing without incurring the expenses that exist with ground-up construction while potentially benefiting from assistance provided by the Metro Government of Nashville, who have demonstrated heavy interest in providing much-needed workforce living options. The incredible accessibility to the employment nodes of downtown Nashville and the Southeast submarket, in addition to the strength of the surrounding multi-family fundamentals, make the Wallace Studios an appealing investment opportunity.
Rare Hotel-to-Apartment Redevelopment Opportunity
Need for Affordable Housing in Nashville MSA
Unbeatable Accessibility to Major Thoroughfares