Waterton Acquires Franklin Apartments at Discount

Waterton paid $128.11 million for Franklin’s Wyndchase Aspen Grove development, a high price to pay for a rental community. Despite the sale price, the Nashville Business Journal reports that the seller, Berkshire Residential Investments, lost money on the deal. Berkshire paid $138.1 million for the apartment community in 2019. Built in 1997, Wyndchase Aspen Grove...