View Slideshow

Investment Details

Investment Summary

JEM Holdings acquired 500 Fifth apartments in July of 2017 in an off-market transaction. 500 Fifth is a 170-unit property exceptionally located in downtown Nashville along a major thoroughfare (James Robertson Parkway, Rt 41), a 5-minute walk to the Tennessee State Capitol. The property has 9 stories and was constructed in 1960. Prior to JEM’s acquisition, the property underwent a $4m repositioning and rebranding to a “B+” quality asset including both interior and exterior renovations. The property features a rooftop pool, and apartments feature granite countertops, wood-inspired flooring, and stainless steel appliances.