Nashville

The first of the VIA Centers broke ground at the Wellpoint Community at Hampton Cove in Huntsville, AL with immediate plans for three additional communities in Tennessee, Florida and New England.

The real estate investor, author and Apartment Building Investing Podcast host describes the real estate investments that he favors over stocks.

The $18 million transaction is set to close in Nashville within the next week.

The joint venture acquisition aims to establish a 1.3-million-square-foot waterfront community in River North Nashville.

Passco acquired Legacy at the Bay from Carter-Haston Real Estate Services, a Nashville-based private fund and property management firm.

The 176-unit garden style multifamily development was sold by Nashville-based Carter-Haston. The deal for the property in Tampa's Bayshore submarket calculated out to a trade of $149,148 per unit.

NHI, headquartered in Murfreesboro, TN is the managing member and will own 97.5% of the joint venture equity and Bonita Springs, FL-based Discovery will own 2.5%.

Highwoods now owns an 80% interest in the joint venture. The company estimates the project will involve a total investment of $72 million.