Future Opportunity
Nashville Queens
Expected Closing Date: January 2025
Origin Exchange provides accredited investors with access to institutional-quality DST assets without high fees. Our latest target acquisition, Nashville Queens, is expected to close in January 2025 and become available for 1031 exchange investments. This 221-unit, Class A residential property, built in 2023, is located in Nashville’s vibrant Wedgewood-Houston submarket.
Overview
Nashville Queens is a 221-unit, Class-A residential property in Nashville’s vibrant Wedgewood-Houston (WeHo) neighborhood. The Property is anticipated to close in January 2025, after which it will be offered as a Delaware Statutory Trust (DST) asset through the Origin Exchange Program.
This 5-story, wrap-style property is designed with unique artistic influences, includes two retail spaces, and features an onsite music venue, offering both character and premium amenities.
Upon closing, accredited investors will be able to complete a 1031 exchange by acquiring fractional ownership in Nashville Queens DST, receiving monthly distributions and benefitting from institutional-grade management.
Through the Origin Exchange Program, investors can diversify by exchanging their properties for professionally managed, institutional-quality real estate like Nashville Queens. With DST interests held for at least two years, investors enjoy steady income and potential for capital appreciation.
Additionally, Origin’s flagship IncomePlus Fund has an option to acquire DST interests under Section 721, allowing investors to convert their DST interests into units in the fund’s operating partnership in a tax-deferred exchange, broadening their portfolio’s reach while maintaining tax efficiency.
Anticipated Terms
Market | Nashville, TN |
Year Built | 2023 |
Property Class | A |
Units | 221 |
Total Capitalization | ~$84M |
DST Offering Equity | ~$46M |
DST Offering Debt | ~$38M |
Loan-to-Value | ~45.24% |
Year-One-Cashflow | Contact Us |
Hold Period | 2–5 Years |
Minimum Investment | $250K |
Fees | View Fees |
Property
- Property Overview: Nashville Queens is a Class-A, 5-story, wrap-and-podium-style project with 265 garage spaces, 221 residential units, and two leased retail spaces—Butchertown Mercado (3,116 SF) and SkinPharm (3,000 SF).
- Unit Mix: The property includes 32 studios (14%), 122 one-bedroom units (55%), 64 two-bedroom units (29%), and 3 three-bedroom units (1%).
- Amenities: Includes a saltwater pool, heated spa, rooftop deck, fitness studio, sound-tuned rehearsal space, coworking suites, dog spa, cycle workshop, and commissioned art installations.
- Finishes: Class-A finishes, including stainless steel appliances, quartz countertops, and energy-efficient features.
- Occupancy: As of September 2024, the property is approximately 90% occupied.
Location
Once an industrial area, WeHo has transformed in recent decades into a vibrant mixed-use neighborhood, becoming a popular residential choice thanks to its high-end dining and entertainment options. The area features Nashville staples such as SoHo House, Bastion (a 2023 James Beard Award finalist), and Iggy’s (a Robb Report top-10 new restaurant). Its prime location offers easy access to Downtown Nashville, Geodis Park soccer stadium, and the Fairgrounds.
Currently, AJ Capital is developing Wedgewood Village, a phased project that will bring 283,000 square feet of trophy office space and 112,000 square feet of retail and dining. Somera Road is also creating a luxury district within the submarket, set to include trophy office space, a boutique hotel, and high-end residential units. Hermes is expected to open an 8,500-square-foot space in the area in 2025.
About Origin Exchange
Through the Origin Exchange program, investors can exchange up into institutional-quality real estate and exchange out of active management. Key benefits include:
- Low-Fee DST: Syndicated DSTs through brokers can have upfront fee structures as high as 14%. Origin Exchange’s fee structure is simple: We charge an acquisition fee and a fee for organizational and offering expenses. And we don’t pay any brokerage sales commissions, which means more of an investor’s capital is going into the purchase of real estate.
- Defer Your Taxes Indefinitely: Taxes including federal capital gains, state income and depreciation recapture are deferred and the basis from the original property rolled over.
- Generate Passive Income: Landlords exchange day-to-day property management for the benefits of a passive, monthly income stream.
- Access Institutional-Quality Real Estate: Investors can exchange privately held properties for interest in Class A multifamily assets sourced and managed by our team of experts.
- Simplify Estate Planning: Beneficiaries inherit interest in a security, rather than a property, through an estate or trust—with little or minimal tax implications if they decide to liquidate the real estate.
Talk to Our Team
Schedule a call to learn more about investing with Origin.