CIM Group Completes Disposition of 268-Unit Stacks on Primary Condo Constructing in Historic East Nashville, Tennessee Neighborhood

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CIM Group Completes Disposition of 268-Unit Stacks on Main Apartment Building in Historic East Nashville, Tennessee Neighborhood

NASHVILLE, TN – CIM Group announced the sale of Stacks on Main, a five-story, 268-unit apartment building in Nashville, Tennessee.

In August 2017, the CIM Group acquired Stacks on Main. Since then, the property has benefited from the experience of the CIM Group as a community-oriented owner and operator.

Originally built in 2016, the 200,000-square-foot property at 535 Main Street features one- and two-bedroom floor plans and 377 parking spaces in East Nashville, a historic neighborhood known for its art and local music. Restaurants and bars, a lively craft beer scene and boutiques. The residences have energy-saving Google Nest thermostats, Google Fiber and modern, efficient devices.

Stacks on Main offers residents a range of modern communal facilities, including a fitness center and yoga room, saltwater pool and sundeck, music room for jam sessions, clubhouse, dog park, barbecue stations and outdoor fire pits, and a rooftop terrace with views of the city of music .

Stacks on Main is located 1.5 miles east of downtown Nashville conveniently near a diversified business base powered by health management, music / entertainment, hospitality / tourism, education, manufacturing, and government.

The CIM Group made its first investment in Nashville in 2015 with the acquisition of the L&C Tower, a 272,000 square meter office building in the center of downtown.

For more than 25 years, CIM Group has leveraged its vast expertise to own, develop, reposition and operate real estate, transform communities and create dynamic environments across America.

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