Seeking Advice on Multi-Family Property in Old Hickory Lake/Lakewood area of TN

[David S.]

I have been presented with an opportunity to invest in a Class A multifamily syndication in the Old Hickory Lake/Lakewood area of TN.

I am doing my own due diligence but would appreciate advice from others in the local area given all the new supply that has come on recently and still to come in the Nashville metro area.

My understanding is that this submarket is not that affluent but there is a lot of development going on, is right “in the path of progress” and would offer an experience for Class A renters that is unique from all the downtown development. So the potential for appreciation over the mid to long term should be strong.