Wood Partners sold an Antioch apartment complex for $86 million. The firm sold the Corban Farms at Cane Ridge apartment complex to Bonaventure. The complex offers 330 units across multiple buildings that sit on a 39-acre site located at 3144 Old Franklin Road. The transaction is equivalent to around $260,606 per unit.
The Nashville Business Journal reports Wood Partners bought the land in 2021 for $5.75 million and developed the apartments, which opened in 2022.
This is Bonaventure’s first transaction in Nashville. The company is headquartered in Alexandria, Virginia, and does work throughout the Mid-Atlantic and Southeastern United States. The company has been around since 1999.
Wood Partners has acquired and developed more than 100,000 multifamily homes, with a combined capitalization of $21 billion. The company is headquartered in Atlanta and currently owns 80+ properties across the United States, representing more than 25,000 units.
