The two garden-style properties are the 400-unit Lynnfield Place and the 142-unit Chardonnay. HGI chairman/CEO Jordan Slone says the properties are located in a "vibrant" area of the market and that HGI can add "a significant amount of value."
Lynnfield Place is located less than one mile from Poplar Avenue, one of the busiest commercial and retail thoroughfares in Memphis. It was built in 1974 and is currently 91% occupied. The property contains one-, two-, and three-bedroom apartments averaging 1,048 sf. Amenities include two swimming pools, three tennis courts, a basketball court, and a fitness center.
Chardonnay is located in Germantown, an upscale city with the some of the strongest demographics in Tennessee. The complex was built in 1973 and is currently 96% occupied. The property contains one-, two-, three-, and four-bedroom apartments with an average size of 1,110 sf. Amenities include a swimming pool, a tennis court, a playground, and wood-burning fireplaces.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
