Northmarq’s Nashville Multifamily Investment Sales team completes $13.325M sale of The Ashley in Columbia, TN

COLUMBIA, Tenn. — Northmarq’s Nashville Multifamily Investment Sales team led by Adam Klenk, Austin Heithcock, Jordan Arand, Quentin Nichols and Blake Wiser successfully completed the $13.325 million sale of The Ashley, a 97-unit garden apartment community located at 2516 Pitts Ct in Columbia, Tennessee.

Northmarq represented the seller, OSM Investment Co. The buyer was London Johnson Capital.

"Congratulations to both parties on the successful closing of The Ashley,” Klenk said. “HUD assumptions are a long process but uncertain capital markets such as these make them worth the wait.”

Built in 1980 and renovated in 2022, The Ashley offers a unique unit mix of one-, two-, three- and four-bedroom floor plans — including three- and four-bedroom units available as two-story townhomes. Units feature granite countertops and stainless-steel appliances.

Community amenities include a clubhouse, fitness center, dog park, BBQ grilling area, laundry facility, playground, storage units and spaces and gated entrances.

The Ashley is at a prime and convenient location in Columbia, offering residents easy access and walkability to the best the city has to offer. It sits 2.4 miles from the downtown square filled with dining, shopping and entertainment options. It boasts proximity to S James Campbell Blvd, the main retail strip in Columbia which is home to a wide variety of essential services, stores, and restaurants.

Residents enjoy close proximity to Interstate 65 and Columbia Bypass (Hwy 50). The Ashley is roughly 45 miles southwest of downtown Nashville.