NASHVILLE, TN., FEBRUARY 2015 – Grant Cardone, owner and CEO of Cardone Real Estate Acquisitions, LLC, expanded his multi-family portfolio to the Southeast United States with a major purchase of four apartment communities. This acquisition totals 826 units with communities at Lincoya Bay, Hickory Creek, Jackson Grove, and Sheffield Heights.
“I was drawn to the booming, pro-business environment of Nashville and I’m confident it is a prime location for expansion and relocation for families and investors alike,” says Grant Cardone. Economic growth in this area includes education, finance, publishing, automotive, technology, and distribution.
Leon Athus of Draper and Kramer and Scott Tyrone of Apartment Realty Advisors helped broker this massive acquisition, along with a loan secured through PNC Bank.
Grant Cardone himself says, “I will go anywhere there are value-add opportunities in cash flow producing multi-family properties, where there exist some barriers to entry.” He is also a fan of the Grand Ole Opry and loves any excuse to get some Nashville hot chicken.
About Grant Cardone:
Grant Cardone is an American entrepreneur, sales training expert, international speaker, business innovator, and New York Times bestselling author of five books. He is a highly respected salesperson whose passion is to teach people how to sell themselves, their products, and services regardless of economic climate. His books, audio packages, seminars and on-demand business show network provide people of all professional backgrounds with the practical tools necessary to build their path to true freedom. You can also follow Cardone on Twitter @grantcardone or visit http://www.grantcardone.com/
About Cardone Real Estate Acquisitions, LLC:
Founded in 1995, Cardone Real Estate Acquisitions, LLC is a multi-family real estate acquisition firm, which currently owns over 3,400 units across the USA and plans to expand to 5,000 units by the end of 2015. Cardone has acquired properties in San Diego, Tucson, Austin, Houston, Charlotte, Savannah, Daphne, Orlando, Tampa, and Miami. He has worked with real estate giants CBRE, Cushman Wakefield, and Berkshire’s Berkadia in locating and acquiring properties while utilizing Wells Fargo, Northern Trust and PNC for debt. You can find more information at http://cardoneacquisitions.com/