263 unit Town Park Lofts at West Sullivan development situated in the downtown redevelopment district of Kingsport, Tennessee. The project started construction in 2018 and is the premier residential product in the market. The property is strategically positioned within an area that offers strong visibility, walkable to adjacent shopping and restaurants, easy access to major infrastructure, and nearby medical, industrial and academic employers.
$33,3million total project value
$25million construction loan
Average unit size: 950 SF
Exited successfully for $38,3million in 2019.