Lion Strategically Expands Nashville Portfolio with Another Multifamily Acquisition with The Grove Brentwood

Brentwood Grove — Located at 5242 Edmondson Pike in Nashville, the community offers a variety of large unit types in layouts ranging from one to four bedrooms. Unit sizes suit all types of tenants, and the property is located in the Creive Hall neighborhood, a charming community with high-quality schools.

Lion Real Estate Group, LLC (“LREG”), a Dallas-based real estate investment and management firm focused on acquiring value-add and opportunistic multifamily properties, has acquired Bradford Woods, a 312-unit multifamily property in Nashville, Tennessee, for an undisclosed price. It will rebrand the property as “The Grove Brentwood” and implement value-add techniques utilizing its vertically integrated team.

The latest acquisition increases the company’s market share in Nashville and expands its multifamily investment portfolio to 26 communities in five states.

Ben Kriegsman, Director of Acquisitions for Lion Real Estate Group, said, “The Grove Brentwood marks another strategic acquisition for Lion in Nashville and is our fourth acquisition under our current investment vehicle. The property is located right next door to another community we own called The Brentwood. The Grove will undergo a comprehensive renovation program, both inside and out. We plan to completely renovate the leasing office/clubhouse, gym, pool and all other on-site amenities. Each of the unit’s interiors will undergo premium renovations, including stainless steel appliances, quartz countertops, upgraded lighting, and other interior upgrades.”

The area is surrounded by parks, as well as popular shopping, dining and entertainment venues. Ideal proximity to a variety of lifestyle needs enhances the appeal of renting at The Grove Brentwood. Quick access to downtown, Belmont University, Nashville International Airport and TriStar Southern Hills Medical Center via nearby Interstate 65 and Highway 41A.

Jeff Weller, Lion’s co-CEO, adds, “We plan to continue to acquire value-added communities in the Nashville MSA, as well as in our other target markets: Atlanta, Dallas-Fort-Worth, Charlotte, Raleigh-Durham, Phoenix, Austin and others.” Mory Barak, Lion’s other co-CEO, continues, saying the company has “appropriately grown its headcount to manage optimal operations and investor returns as the portfolio grows.”

Lion successfully closed this acquisition by leveraging strong relationships in the market and securing the acquisition of the Fannie Mae loan at a strong leverage point. Both factors confirm that the firm is led by respected veterans who value their reputation and conservatively stick to their niche in the sector. Walker & Dunlop’s Nashville office brokered the transaction.