Eaton Vance Spins Off 196-Unit Franklin Apartment Complex
Camden Property Trust paid $43.5 million for Camden Franklin, a 196-unit community in Franklin, Tenn. Eaton Vance Real Estate sold the property after an 11-year hold. Commercial Search reports the company paid $37.3 million for it in 2015.
Previously known as Grove at Shadow Green, Camden Franklin occupies 15 acres at 2000 Toll House Circle. Camden Franklin consists of 15 buildings, rising two and three stories, that came online in 2014. The unit mix includes one- to three-bedroom floorplans ranging from 642 to 1,353 square feet.
Common-area amenities include a swimming pool with sundeck and lounge seating, a fitness center, a resident lounge, and a clubhouse.
This is Camden Property Trust’s second property in the Franklin submarket. Just 7 miles away is Camden Franklin Park, a 328-unit community that the company bought in 2021 for $89.1 million. The investment brought the company’s footprint in metro Nashville, Tenn., to 1,389 units.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout