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The properties, which are approximately 40 miles north of Nashville, are: Heritage Point, Blue Grass Meadows, Parkway Place, Cobblestone, Newton Place, Whitehall Townhomes and Whispering Hills.
The retirement and downsizing of Baby Boomers coupled with the continued emergence of Millennials will support the need for self-storage space in the coming years, providing a positive long-term tailwind.
While the laws and regulations surrounding this specialty are new to the CRE industry, many leases and sales already in the books, such as the first cannabis hedge fund to be located at 330 Fell St.
“There are still value-add opportunities in southern New Jersey, especially compared to those in the northern part of the state where pricing is considerably higher," says Kislak senior vice president Matt Weilheimer.