MURFREESBORO, TN - Olympus Property continues to expand in 2016 with the acquisition of Stoneridge Farms at Hillwood in Murfreesboro, Tennnessee. This is the fourth asset acquired by Olympus Property in Tennessee and third asset in the Nashville market.
Built in 2010, Stoneridge Farms is a Class "A" garden-style community comprised of 354 units situated on over 22 acres. The property offers residents upscale amenities, high quality construction, and a highly desirable location. The lavish amenities include a resort-style swimming pool, a heated spa, fitness center, volleyball court, outdoor gourmet kitchen, and attached and detached garages.
"Stoneridge Farms is a beautiful asset in one of the fastest growing cities in the United States. We are very happy to be a part of that growth," said Anthony Wonderly, co-founder of Olympus Property.
Unit amenities include crown molding, ceiling fans, spacious walk-in closets, black appliances, smooth surface cooktops, kitchen pantry, full-size washers and dryers, private balconies. Additionally, selected units feature vaulted ceilings, jetted garden tubs, separate showers and fireplaces.
Stoneridge is located in Murfreesboro, a Nashville submarket growing at over five times the national average. Driving this growth is the creation of new jobs by major employers in the area, which include Middle Tennessee State University, Middle Tennessee Medical Center, Nissan, Amazon, and a Verizon call center. In addition, Stoneridge is within the Blackman ISD, known as the most prestigious school district in the Nashville/Murfreesboro submarket.
"We are keeping a close eye on the Nashville market. We believe the city will experience continued growth for years to come," said Chandler Wonderly, co-founder of Olympus Property.
Stoneridge Farms is the seventh property to be added to Olympus Property's fifth fund, WW Olympus Property V, LLC. The investment structure will provide investors an opportunity to diversify among numerous multi-family assets in strong markets throughout the United States. The opportunity is available immediately for new investors and offers an attractive return with an experienced owner/operator.
Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 23-year history, the company has become a successful and recognized name in the multi-family industry. Olympus currently owns and manages 12,000 units across 8 states including Texas, Florida, Oklahoma, Arizona, Tennessee, Georgia, New Mexico, and California.