Harts Branch Townhomes

The current owner/developer is one of the most renowned local home builders – Regent Homes. Harts Branch offers large, attractive floorplans to suburban families. Each unit is 3x2.5 with private garages – serving as either storage units, covered parking, home gyms, and more. Sitting on nearly 20 Acres, this community allows families to enjoy its walkability in conjunction with on-site dog parks and “Tot Parks” for children. The micro-economics of the La Vergne/Smyrna submarket boast attractive metrics: (1) Within a 3-0 mile radius, there are over 31,000 employees who work in the Service/Production & Manufacturing industries, & (2) have an average HHI of over $73,000.

Additionally, each unit is HPR’d, allowing the next operator to enjoy the cash-flow from the asset, but also have the flexibility to sell each unit one-off to the consumer. A strategy that has been increasingly popular in the SFR-BTR space is the operator working in “Lease-to-Own” language – allowing the tenant to eventually work towards purchasing the unit after a certain term of their lease burns off. This accomplishes a few things: (1) Establishes a sense of “homeownership” in the tenant’s mind early on. They will inherently be more inclined to treat their units with care, keeping your turnover costs down. (2) Allows for flexible exit strategies. When the retail or for-sale market kicks back up, it allows for the opportunity to take each unit to market to the consumer, or sell it to the current tenant.

Large, spacious floorplans
The average household income in a 3.0 mile radius is ±$73,000
Only ±18.0 miles from Downtown Nashville
Helps resolve the affordability issue in the for-sale market. With the average American not able to afford a “starter home” in the current debt environment, townhome and single-family rental communities are the next best option.
Income-Tax Free State: in a Top 5 performing Multifamily Market