Gallatin, Tenn. – Multifamily real estate investment platform PENLER has broken ground on its second multifamily community.
Construction began this month on a two-story, 240-unit garden-style community in the upscale Nashville, Tennessee suburb of Gallatin. Each apartment has a direct private entry, which means residents enter their residences without having to use a hallway or breezeway. This creates a townhome feel and blends the community with the high-end residential housing nearby. Its location on Nashville’s northern bypass gives residents easy access to major employers and several nearby shopping options.
The gated community will include a 24-hour fitness club with cardio and yoga functionalities, a resort-style pool, a fire pit, gas grills, a playground, club lounge space and package lockers. The apartments have open floor plans, energy-efficient stainless steel kitchen appliances, granite countertops, 9-foot ceilings, wood-grain plank flooring, ceiling fans and washer/dryers. The community is scheduled to welcome its first residents in the fall of 2021.
“We could not be more excited to get this project started. It will be the only two-story rental community in the sub-market. We are proud of the thoughtful design we have employed and expect it to be well received by the rapidly growing Gallatin population,” said Managing Partner Brian Metzler. “The community will offer impressive amenities and finishes at competitive rents.”
The Parker in Dawsonville, Ga., which the firm is also developing, is expected to deliver the first units at the end of the year.
Launched in early 2019, PENLER is a full-service multifamily real estate operating platform focused on major metropolitan areas across the Sun Belt. Led by seasoned professionals with deep knowledge of markets and conditions, as well as an expansive vision for seizing new opportunities, PENLER uses best-in-class investment, development and asset management processes. For more information, visit www.PENLER.com.