Company plans to renovate the 220 apartments
NASHVILLE (June 1, 2011) – Florida-based real estate investment management firm Grover Corlew has acquired Woodbridge, a 220-unit apartment complex in Nashville. This is the second Nashville residential complex the group has added to its portfolio this year.
Located at 231 Bridgeway Circle and within close proximity to downtown Nashville, the complex spans 11 buildings on more than 18 acres. Grover Corlew will completely renovate the one, two and three-bedroom apartments with wood-burning fireplaces, large closets, private patios and balconies. Originally built in 1980, the apartments average 1,122 square feet.
This is the second Nashville residential complex the group has added to its portfolio this year. In January Grover Corlew acquired Willow Grove, a residential 244-unit apartment complex at 308 Plus Park Blvd.
“Nashville is a dynamic metro area with a robust economy,” said Partner Mark Corlew about his company’s interest in properties in Nashville. “We are focused on acquiring, developing and operating multi-family properties, as well as office and retail properties, across the Southeast U.S. We look forward to more opportunities in the Nashville market.”
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About Grover Corlew
Led by experienced real estate veterans who have worked together since 2002 and who have more than 40 years of combined industry experience, Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. Grover Corlew has offices in South Florida, Orlando and Atlanta and provides in-house asset management and property management services. The company is also an active developer with in-house development expertise as well as strategic relationships with tenants and local developers throughout the Southeast U.S.