The Solana Germantown
GERMANTOWN, TN
Located in the affluent Germantown neighborhood of Memphis, Tennessee, the Solana Germantown senior community is a ground up senior housing development. Germantown represents one development within a programmatic venture with a proven national senior housing developer. Subsequent to stabilization all six developments were sold to institutional owners or REITs.
Property Details
- 182 units in close proximity to multiple hospitals
- Strategically located in affluent neighborhood with high barriers to entry
- Several dining venues, a theatre, art studio, fitness center, indoor pool, salon and spa
Property Highlights
- Ground up senior living development
- Special construction financing provided by senior housing REITs
- Fully stabilized ahead of schedule
- Sold to institutional buyer in June 2015