Investment Industry Titans Finalize Antioch Apartment Deal | Development


An LLC affiliated with global real estate investment giant Clarion Partners has paid $77.1 million for an apartment complex in Antioch, according to a Davidson County Deeds document.

The seller of The Club at Hickory Hollow apartments was an LLC associated with insurance and investment management titan Prudential Financial. The address of the 406-unit garden-style residential complex is 1 Hickory Club ride.

The Hickory Hollow Club

The transaction follows Clarion’s payment of $47.5 million for The Sheds on Charlotte, an office and retail complex in Midtown (read here).

Opened in 1986, the Club at Hickory Hollow consists of several two-story buildings. Greystar, based in Charleston, South Carolina, manages the resort.

The deal is worth approximately $190,000 per unit. By comparison, new apartment building sales near downtown Nashville can cost upwards of $400,000 per unit.

Through an LLC, PGIM Real Estate, a prudential entity, paid $28.42 million for the property in 2014, according to Metro records.

Clarion has approximately $75.9 billion in assets under management, according to the company’s website. He is one of the specialist investment managers of the international investment firm Franklin Templeton, based in New York.


Comments are closed.