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Welcome to the Investment Insights Newsletter, curated by Ca South. Here to share quarterly updates on the Nashville market, and how this pertains to our current focus and investment strategy.
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P U B L I S H E D A R T I C L E S
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Family Office Club Podcast
And interview with CA South's Board Member Richard Wilson, founder of the The Family Office Club.
Listen to the Podcast HERE
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NASHVILLE AND CONSTRUCTION JOB SITES
We appreciate you tuning-in for a moment with us at this unprecedented time and hope everyone is safe at home enjoying the extra time with loved ones. We are incredibly thankful that all of our job sites are under construction and have not been stopped due to the current pandemic. Our construction crews have implemented extensive safety precautions, and we have continued to sell units on our completed projects by utilizing virtual home buying.
See the example "Illume" project tour:
Loft Unit Virtual Tour
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W H A T W E ' R E R E A D I N G
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CBRE COMMERCIAL REAL ESTATE MARKET TRENDS AND OUTLOOK
CBRE economic and industry experts share their views on what pertinent issues we face as an industry, which has been helpful for tracking Covid updates by industry - summating that multi-family and industrial remain the most active asset classes.
View CBRE's Weekly Take
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AMAZON: DESPITE STAY-AT-HOME ORDER, SEATTLE IS HOT
Hopeful reports on sustained real estate sales in the Amazon-hub city.
View Wallstreet Journal Article HERE
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AMAZON TO HIRE 75,000 MORE WORKERS AND DEMAND RISES DUE TO CORONAVIRUS
View CNBC Article HERE
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STOP COVID OR SAVE THE ECONOMY, WE CAN DO BOTH
Interesting take on different approaches in handling Covid.
View MIT Technology Review Article HERE
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O U R C U R R E N T P R O J E C T U P D A T E S
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NEW PROJECT - CONVENTION CENTER
"Pie Town" SoBro - Condos + Retail
.91 Acre Parcel located at 629-635 7th Ave. South
Players: CA South
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Current Progress: This parcel, located in proximity to the Convention Center was purchased this past month. Plans for a mixed-use project are in development, with targeted ground-breaking Fall 2020.
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"Illume" Condos - Nashville, TN
Players: CA South Development, Armistead Arnold Pollard LLC, The Bradley Projects, & Certified Construction Services.
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Current Progress: Illume was delivered to the market at the end of 2019, with closings beginning in December, thus paying off our debt financing. A majority of the project has been sold to a return of a 78% IRR.
Sales Team: Compass Real Estate /
We are now 90% SOLD - Illumenashville.com
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"Alina" Modern Condos - Nashville, TN
51 Modern Condo Units located at 806 Olympic Ave., Nashville with rooftop views and workout room.
Players: Ca South Development, Certified Construction Services
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Current Progress: The project is now into the finishings stages, as cabinetry, countertops, and tile continue to be installed. The exterior finish is also nearing completion with deck railings and exterior stucco installation. Construction completion is scheduled for June 2020.
Sales Team: Compass Real Estate //
https://www.alinanashville.com/
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Players: CA South Development, The Bradley Projects, Certified Construction Services.
Current Progress: We have closed the construction financing on the project and have broken ground on the newly designed structure.
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Current Progress: We have closed construction financing on the project and have started construction on the garage which will be followed by vertical construction.
Sales Team: CBRE //
Presales Stage- allstonoffices.com
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Opportunity Zone - Apartments / Retail
8th Avenue South, Nashville
52 Unit Mixed-Use Project on 8th Avenue South
located at 1009 8th Ave. S., Nashville
Premier Opportunity Zone Fund project featuring 52 rental units and 3,000 sq. ft. of Retail neighboring Sobro and Wedgewood-Houston.
Players: CA South Development, Certified Construction Services
Current Progress: Debt closing.
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Music City Industrial Park
Hendersonville, TN
140,000 sqft of Industrial "Flex Office" located at 100 New Shackle Rd., Hendersonville.
This space catered toward warehouse/light-industrial and office users 15 mins from downtown.
Players: CA South Development, Certified Construction Services
Current Progress: Shovel ready project finalizing last tranche of equity financing.
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MEG AUBALE EPSTEIN
FOUNDER
Meg strives for excellence and results every day, and she has the credentials to prove it. She has always maintained a self-sustaining, entrepreneurial spirit and has worked her way from the bottom up. To learn more about Meg visit megepstein.com
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"TO LIVE EFFICIENTLY, IS TO LIVE FULLY" - MEG AUBALE EPSTEIN
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