Small-Flex Office Suites
Investment Criteria #1
All Projects Located
Within a 30-Minute Drive from Downtown Nashville
– Adjacent to South of Broadway (SoBro) Convention Center & Symphony
Investment Criteria #2
Focus on Desirable Urban Infill Locations: Walking Distance from Restaurants, Sports and Entertainment
– Proximity to Broadway Honky Tonks & Bridgestone Arena
– Walking Distance to Titans Stadium & Nashville Sounds Sports Arenas
Investment Criteria #3
Develop Undersupplied Asset Classes with Strong Demand
– Residential Condominiums
– Small Flex-Office Suites
– Office Condominiums
FUND ASSETS UNDER DEVELOPMENT
Music City Industrial Park
140,000 Square Feet –Flex Office Industrial Park
This project provides desperately needed “flex office” space for small businesses owners requiring between 2,000 and 10,000 SF for warehouse / light-industrial / office space use. While tremendous quantities of large scale warehouse space, created for large single-tenant warehouse users requiring 50,000 SF to 1,000,000 SF, there is a tremendous shortage of available space for smaller users, as evidenced by sub-3% vacancy rates and soaring industrial and office rents.
100,000 Square Feet – Office Condominiums
347 South Royal Oaks Blvd, Franklin, Tennesse
Allston East & West will comprise of approximately 104,549 square feet of Class A office space in one of the hottest markets in America, Franklin, TN. The average office condo will consist of 5,067 square feet and will be offered at an average of $1,729,000. Office condos will range from 2,669 square feet for $890,000 to 7,237 square feet for 2,460,000 with a 1,200 SF terrace. Owners will have the benefit of an accommodating 4/1,000 square foot ratio. This will give Owners and guests a surplus of easy access parking to choose from including a 150 space below grade parking garage with elevator access direct to Owners space.
Deep Local Knowledge
The Réaliste Fund has partnered with local developer Megan Epstein of CA South Development to fast-track the development of desperately needed residential condominiums, office condominiums, and flex-office space which the market is not currently offering in adequate supply for a variety of tax reasons and the difficulty in getting such projects debt financing.
As sophisticated investors who have been through several economic cycles, we are committed to maximizing returns while responsibly mitigating downside risks such as;
1) Macro Economic Risk – It is prudent to assume we are “late” in the current economic cycle, which means that the fund must be extremely selective about the product types in which it invests, as well as the target market which its development projects will serve. Nashville’s economy with its favorable taxation, affordable cost of living, pro-growth and pro-employer government, is benefiting from the net migration away from “blue” states with less competitive taxation and higher cost of living. Nashville’s affordability, access to world-class entertainment and attractions, and big city amenities make it unlikely to stop growing over the long-term, despite macro-economic challenges. Nashville is one of the “safest bets” due to job growth, household growth, income growth and other important demographic trends, especially when compared to the over-inflated costs of cities like New York, San Francisco, Los Angeles, Chicago, and others (from which many new local residents are coming from).
Global Sophistication Meets an Unsophisticated Market
While an extraordinary amount of investor attention is now newly placed upon Nashville, it wasn’t so long ago that local developers’ only source of capital was from local investors.
Specializing in Off-Market Opportunities
Many of transactions sourced and developed by CA South Development are not brokered or listed opportunities. This provides for less competition securing developable parcels, resulting in better overall returns.