Atlas Real Estate Partners Secures Fannie Mae Refinancing for 310-Unit Nashville Mixed-Use Development

Atlas Real Estate Partners announced the refinancing of Standard Assembly, a 310-unit mixed-use community in Nashville's Wedgewood-Houston neighborhood. The transaction transitions the Opportunity Zone project from a construction loan with Principal Life Insurance to a five-year, fixed-rate Fannie Mae loan with full-term interest-only payments.

The development features 310 residential units, including 11 live/work units, along with 12,400 square feet of ground-floor retail space. The retail component is anchored by Moto Moda, a New York-style pizzeria with vintage motorcycle décor, and Forza Pilates, a boutique fitness studio.

Strong Performance in Competitive Market

At the time of refinancing, the property was 98% occupied. Standard Assembly has been recognized by The Tennessean as the Best Apartment Complex in its "Best of Music City" awards for three consecutive years and maintains a 4.9-star Google rating across nearly 200 reviews.

"Standard Assembly is a distinctive project that captures the creative essence of the Wedgewood-Houston neighborhood," said Alex Foster, Managing Partner at Atlas Real Estate Partners. "The blend of industrial-inspired design, modern finishes and amenities, and an unrelenting focus on the resident experience has enabled the property to maintain strong occupancy with minimal concessions, even in a highly competitive leasing environment."

Development Details

Standard Assembly offers studio, one-, and two-bedroom residences with high-end finishes, open floor layouts, and modern design elements. Amenities include a co-working space with private offices, an indoor-outdoor fitness center, a resort-style pool, an oversized bike room, and a dedicated dog park and spa.

The development team includes Atlas Real Estate Partners, Wedgewood Avenue, Hy Ventures, Hardaway Construction, EOA Architects, MZA Architects, and Greystar Property Management.