JLL secured sale of Nashville multi-housing portfolio

NASHVILLE, April 7, 2026 –  JLL Capital Markets announced today that it has secured the sale of Belcourt Park and Village 21, a two-property multifamily portfolio totaling 177 units in Nashville, Tennessee.

JLL represented the seller, an affiliate of TriBridge Residential, in the off-market transaction that closed in March 2026. Harrison Street Asset Management, a leading alternative global investment management firm, partnered with Nashville-based Elmington Residential for the acquisition.

The portfolio includes two mid-rise communities built in 2017. Belcourt Park is a 76-unit property with units averaging 646 square feet. Village 21 comprises 101 units averaging 734 square feet.

Both properties are located in the heart of Hillsboro Village, one of Nashville’s most sought-after neighborhoods. Hilsboro Village sits at the intersection of Vanderbilt University and Belmont University, directly across from Vanderbilt Medical Center, and is surrounded by walkable retail. Nashville continues to attract significant multifamily investment due to its strong population growth, diverse economy and high quality of life.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Nick Brown, Peter Yorck and John Weber.

"This off-market portfolio transaction demonstrates the continued demand from capital to invest in high-quality multifamily assets in the Nashville market," said Brown. "The favorable financing and stellar locations of both properties made this an attractive opportunity for the buyer."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

TriBridge Residential is a multifamily real estate firm specializing in the Southeast, with more than $1.5 billion in assets under management. Since 1999, TriBridge has consistently delivered strong risk-adjusted returns through disciplined underwriting, strategic capitalization, and proactive operational management. The firm is fully vertically integrated, with a comprehensive platform that includes acquisitions, development, property management, and an in-house general contractor. To date, TriBridge has invested over $4 billion in more than 32,000 units.

Elmington Residential is a vertically integrated acquisition and development firm focused on single-family build-for-rent and multifamily communities throughout the Sunbelt. Founded in 2018, Elmington Residential has acquired or developed nearly 3,000 units and has just under $1.0 billion in total assets under management. Elmington Residential is an affiliate of Elmington Capital Group, a leading commercial real estate investment, development, construction, affordable housing and property management firm headquartered in Nashville, Tennessee. The company's more than 1,000 employees operate, acquire, develop and construct properties throughout 29 states.

Harrison Street Asset Management (“HSAM”) is a leading global alternative investment management firm with over $108 billion in assets under management through highly differentiated assets across real estate, infrastructure and credit strategies. Headquartered in Chicago, Toronto and London with over 600 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of 1,100+ institutional and over 300+ Registered Investment Advisors.¹

¹ HSAM data and descriptions of HSAM’s business are generally comprised of the aggregated data and business activities of investment advisors that are owned in whole or in part by HSAM. Assets under management (“AUM”) reflects the AUM for the investment advisory and asset management clients of such investment advisors and is inclusive of the regulatory AUM of such investment advisors that is reported in their respective Form ADVs.