NEW YORK CITY—In the first transaction under an investmentmandate it secured this past summer, CapStack Partners has acquireda three-property, 475-unit multifamily portfolio in Nashville.CapStack's mandate covers value-add and opportunistic multifamilyassets located across the Southeast, with investments made bothdirectly and with established local operators and developers.

For the Nashville transaction, CapStack partnered with MACCVenture Partners, a Gastonia, NC-based multifamily operator focusedon the Southeast. “This acquisition directly aligns with ourinvestment parameters,” says David Blatt, CEO of CapStack. “Eachproperty is exceptionally well-located, has a stable operatinghistory and offers a significant value-add opportunity. We intendto reposition the portfolio into high-quality workforce housing tocapitalize on the strong demand for this type of product inNashville.”