Real Estate Acquisitions in Tennessee

Denver-based Avanti Residential acquired The Residence at Old Hickory Lake, a 116-unit Class A multifamily property in the Nashville metropolitan area, marking Avanti's entry into the Nashville market. Avanti purchased the lakefront community from Arnold Companies and plans to operate the asset as part of its expanding multifamily portfolio across the Southeast.

Century Communities, Inc. has acquired substantially all assets of Landmark Homes of Tennessee, a regional homebuilder in the Greater Nashville area. The deal adds more than 800 current and future lots and six active communities to Century's Tennessee footprint, expanding its inventory and market share among first-time and move-up buyers in the region.

Lessen, a venture-backed property services marketplace based in Scottsdale, Arizona, has acquired EPM Build, a Nashville-based single-family residence (SFR) maintenance and turnkey solutions provider. The transaction brings approximately 30 field project managers and supporting staff into Lessen to strengthen its field operations, expand market coverage, and accelerate revenue growth through Lessen's technology platform.

Salt Lake City-based private investment firm Black Cliffs Partners has made a strategic investment in Orion Haus, a Nashville-based homesharing-friendly apartment brand. The capital will support Orion Haus’s expansion of its homesharing offering—leveraging its $200 million assets under management and a waitlist of over 30,000 apartments—to scale across the U.S. and internationally.

Cabins for YOU, a family-owned Gatlinburg vacation rental operator, has acquired Chalet Village and launched the Chalet Village by Cabins for YOU arm. The deal transfers about 10 employees and six contract cleaners to Cabins for YOU and expands its portfolio of short-term rental properties in the Ski Mountain area of Gatlinburg.