Portfolio

The work, property by property.

This is where our capital is at work. Every position we acquire earns its place here — the thesis behind it, the numbers underwriting it, and how it’s performing once the keys change hands.

1
Active Holding
112
Units
$15.4M
Asset Value
Clarksville, TN
Market

Current Holding

Flats at Lancaster — exterior
Accepting Allocations Acquired May 2026 Class B Value-Add

Clarksville, Tennessee · 375 S Lancaster Rd

Flats at Lancaster

A stabilized, cash-flowing 112-unit multifamily asset in one of Tennessee’s fastest-growing employer markets.

Units
112
98% renovated
Target IRR
~14%
projected
Cash-on-Cash
~6%
quarterly
Equity Multiple
~2.0×
5–7 yr hold

Located 45 minutes from Nashville, the property sits at the center of an employer-driven growth story — Amazon, LG Chem, Hankook Tires, Frito-Lay, and Korea Zinc among the names bringing thousands of permanent jobs to the market. With an estimated 15,000+ new housing units needed by 2029 and a delivery pipeline well short of that, Clarksville is structurally undersupplied. The Flats entered our ownership 98% renovated and ready to capture that demand from day one.

Since Closing

The first months, on plan.

We closed on The Flats on May 21 and continue to accept allocations. Here’s where things stand.

The transition to our management team has been exceptionally smooth. The operating budget we built during underwriting has been incorporated and approved, and in the first months of ownership the property is running smoothly and on plan — exactly the quiet, uneventful start a stabilized asset should have.

Market Tailwinds

Two announcements since we closed have strengthened the demand story underneath this deal.

New · Clarksville

Costco is coming to Clarksville

A new Costco warehouse is a signal retailers only send when the rooftops and household incomes are there to support it — reinforcing exactly the growth thesis we underwrote.

New · ~15 min North

Buc-ee’s off I-24 in Kentucky

Buc-ee’s announced a location about 15 minutes north in Oak Grove, Kentucky, right on I-24. The travel-center giant builds only where traffic and regional growth justify it — another vote of confidence in the corridor.

Flats at Lancaster is still accepting allocations.

See the full underwriting, the submarket analysis, and the numbers behind the deal — or request an invitation to join the investor community.