THE FLATS AT LANCASTER | CLARKSVILLE, TN

THE OPPORTUNITY

Matthews Real Estate Investment Services™ is pleased to present this offering of The Flats at Lancaster. This deal is located off S Lancaster Rd in Clarksville, TN. Situated in Montgomery, this property is just ±45.0 minutes northeast of Downtown Nashville. The Flats at Lancaster is located in one of the most sought-after submarkets outside of Davidson County – strategically located off I-24 and a stones-throw from 101st Airborne Division Parkway, minutes from Downtown Clarksville, & minutes from some of the most desirable suburban retailers.

The Flats offers spacious, attractive apartment homes designed for comfort and convenience. This community features modern amenities such as a Fitness Center, Clubhouse, Pool with Expansive Sundeck, Walk-In Closets, Patio/Balconies, & more. The Flats caters to a variety of lifestyles, providing an ideal balance of suburban apartment living with access to city conveniences. The micro-economics of the Clarksville submarket boast attractive metrics: (1) Within a 3-0 mile radius, there are over 15,177 employees who work in the Service/Production & Manufacturing industries, (2) has a median HHI over $60,000, (3) Clarksville high schools rank in the top 50% of Tennessee public high schools. Currently sitting at 98% occupancy with clear upside, The Flats at Lancaster offers the perfect balance of stability and growth in this dynamic multifamily market.

PARK VILLAGE APARTMENTS | ATHENS, TN

THE OPPORTUNITY

Matthews™ Real Estate Investment Services is pleased to present this offering of Park Village Apartments. This deal is located off U.S-11 in Athens, TN, nestled in the foothills on the Smoky Mountains between two major sunbelt markets such as Knoxville and Chattanooga. Strategically located off I-75, The Park creates a prime opportunity situated in the heart of Athens, in proximity to drivers of the local market and major thoroughfares for those who need to commute to surrounding MSA’s.

Park Village offers spacious, attractive apartment homes designed for comfort and convenience. This community is a standalone asset within its respective market, featuring modern amenities such as a Clubhouse, Playground, Pool with Expansive Sundeck, Walk-In Closets, Patio/Balconies, & more. Park Village caters to a variety of lifestyles, providing an ideal balance of suburban apartment living with access to city conveniences & major thoroughfares for commuters. Within a 5.0 mile radius, there are over 1,400 Service based companies within the Producing/Manufacturing Industries, making Athens a very attractive employment hub. With Athens’ growing local economy coupled with its appealing outdoor recreation, these local highlights make McMinn County an appealing place to live, visit, or explore for local families. Being +/- 45 miles from both Chattanooga & Knoxville, Park Village Apartments provides a unique opportunity for a quality and convenient place to live for a variety of the labor force that compiles Athens and the surrounding communities. Current ownership has renovated 54 units of the 80. With the asset currently sitting at 100% occupancy with clear upside, Park Village offers a unique opportunity for day 1 cashflow and additional upside upon finishing the already-proven value-add strategy.

THE POINTE AT WESTLAND | CLEVELAND, TN

THE OPPORTUNITY

Matthews™ Real Estate Investment Services is pleased to present this offering of The Pointe at Westland. This deal is located off Westland Drive in Cleveland, TN, the principal city of Bradley County and a suburb of the Chattanooga MSA. The Pointe at Westland is strategically located off I-75, creating a prime opportunity situated in the heart of Cleveland, just minutes away from downtown and major thoroughfares for those who need to commute.

The Pointe offers spacious, attractive apartment homes designed for comfort and convenience. This community features modern amenities such as a Clubhouse, Pool with Expansive Sundeck, Exterior Storage, Walk-In Closets, Patio/Balconies, & more. The Pointe caters to a variety of lifestyles, providing an ideal balance of suburban apartment living with access to city conveniences & major thoroughfares for commuters. Cleveland is home to a labor force that numbers over 325,000 within 25 miles across a diverse range of industries such as Manufacturing, Healthcare, Retail, and many others. Cleveland is a very renter-heavy market, with the micro-economics of the submarket boasting attractive metrics: (1) Within a 3.0-mile radius, there are over 12,967 employees who work in the Service Producing & Manufacturing Industries, (2) has an average HHI over $57,000, (3) Cleveland’s living costs are 12.4% below the national average. Currently sitting at 100% occupancy with clear upside, The Pointe at Westland offers stability and is primed to capture the long-term growth of this dynamic multifamily market.