NASHVILLE, TN - CIM Group announced that it has completed the sale of Stacks on Main, a five-story, 268-unit apartment building in Nashville, Tennessee.
CIM Group acquired Stacks on Main in August 2017. Since then, the property has benefited from CIM Group’s experience as a community-focused owner and operator.
Originally built in 2016, the approximately 205,000-square foot property located at 535 Main St., offers one- and two-bedroom unit floor plans and 377 parking stalls in East Nashville, a historic neighborhood that is renowned for its art and local music, restaurants and bars, a vibrant craft beer scene, and boutique retail. Residences feature energy-saving Google Nest thermostats, Google Fiber, and modern, efficient appliances.
Stacks on Main provides residents with an array of modern community amenities including a fitness center and yoga room, saltwater pool and sun deck, a music room for jam sessions, a clubhouse, dog park, outdoor grilling stations and fire pits, and a rooftop deck with views of Music City.
Located 1.5 miles east of Downtown Nashville, Stacks on Main is conveniently located near a diversified economic base driven by healthcare management, music/entertainment, hospitality/tourism, education, manufacturing, and government.
CIM Group made its first investment in Nashville in 2015 with the acquisition of L&C Tower, a 272,000-square-foot office building located in the downtown core.
For more than 25 years, CIM Group has utilized its broad expertise to own, develop, reposition, and operate real estate assets, transforming communities and creating dynamic environments throughout the Americas.