Associated Estates JV will develop Nashville multifamily

09/30/2010 | Plain Dealer (Cleveland), The · Bloomberg Businessweek

Associated Estates Realty Corp. and Bristol Development Group are partnering to build a 242-unit apartment building in Nashville, Tenn. Associated Estates acquired the property and development rights of a site in the city's downtown from Bristol, which is keeping a minority stake in the project. Separately, the REIT has priced a public offering of 8 million shares at $13.60 per share. It plans to use the $104 million in net proceeds for acquisitions and debt repayment.

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Plain Dealer (Cleveland), The · Bloomberg Businessweek

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