Nashville

For multifamily developers, the addition of short-term rentals gives them the ability to incorporate an entirely new tenant into their planning and modeling, mitigating risks associated with vacancy.

Four markets in the State of Florida ranked among the top 15 in the nation for multifamily rent growth, the most of any state.

Alpha Capital Partners of Bridgeville, PA reports that its Opportunity Zone fund has purchased 1501 Herman St. and is planning to develop a 300-unit multifamily project there, according to Jide Famuagun, CEO of Alpha Capital.

The firm's plans for the property at 1221 Broadway include an office tower that would feature anywhere from 350,000 square feet to 500,000 square feet of office space.

The Austin, TX-based firm acquired the building from Alliance Partners HSP, which is headquartered in Bryn Mawr, PA.

The class A office tower located in Nashville is 97% leased.

The Aramark acquisition marks FD Stonewater's fourth investment in Nashville, less than seven years after the firm's first acquisition in the market.

Tarek El Gammal will focus on multifamily investment sales for clients throughout the Southeast.