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PREFERRED EQUITY OPPORTUNITY

overall creek apartments

 

CLASS A MULTIFAMILY | NASHVILLE MSA 

 

5150 Jack byrnes drive, murfreesboro, tennessee

 

Denholtz is offering a new preferred equity investment in Overall Creek Apartments, a 384 unit Class A multifamily community in Murfreesboro, Tennessee. This investment is part of a debt recapitalization that positions the asset for long term stability and growth.

The property has demonstrated consistent performance since its acquisition in 2022, with occupancy in the low to mid 90s, strong tenant demand, and above market leasing trends. Murfreesboro remains one of the fastest growing submarkets in the Nashville MSA, supported by strong employment drivers and limited new supply.

This recapitalization strengthens the asset’s balance sheet by meeting the maturity of the existing first mortgage loan and putting the project back into a capital structure that works in today’s environment. The Preferred Equity provides the capital needed to bridge the shortfall to close. This transaction will get the project in line with today’s market conditions and setting the project up to benefit from the next market cycle. 

With strong operating fundamentals and a healthy regional economy, Overall Creek Apartments is well positioned to benefit from improving valuations and continued rent growth in the years ahead.

investment summary

 

Asset Type: Multifamily

offering RAISE:                                   $5,000,000

preferred return: 18%

Priority position: Senior to all common equity

projected irr:                                                           22.08%

MINIMUM INVESTMENT:                                           $25,000

CURRENT RATE                                                                     6%

ACCRUED RATE:                                                                  12%

closing date:                                        December 22, 2025

hold period:                                                            3-5 Years

investment summary

 

 

Stable Cash Flow with Upside Participation
Investors will receive a 6% current pay with a 20% targeted total return, plus 10% participation in appreciation above a $95M valuation, offering both income stability and growth potential. The preferred equity is structured with defined redemption rights to prioritize capital protection.
Top-Performing, Supply-Constrained Nashville Submarket
Overall Creek is located in Murfreesboro, TN, one of the fastest-growing and most supply-restricted submarkets in the Nashville MSA. The area has achieved 28% rent growth over five years, maintains ~95% occupancy, and benefits from local development moratoriums limiting future multifamily supply.
Class A Asset with Proven Operating Performance
Built in 2020, the 384-unit Class A community has sustained low-90% occupancy throughout 2024–2025, with NOI trending ahead of budget and positive renewal trade-outs, despite broader market volatility. The asset features high-end finishes and a full resort-style amenity package that continues to drive strong tenant demand.

interested in investing?

 

Complete the Inquiry Form below to request access to our offering materials and learn more about this opportunity.

 

Asset 39@4x 732.956.3114

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These materials are provided solely for informational purposes and do not constitute an offer to sell, or a solicitation of an offer to buy, any securities. Any such offer or solicitation will be made only through a confidential Private Placement Memorandum (“PPM”) and related subscription documents, which should be reviewed carefully prior to any investment decision. This material does not purport to be complete and is qualified in its entirety by reference to the PPM and/or any other governing documents.
Any investment opportunity described in these materials is being offered only to persons who are “accredited investors” as defined under Rule 501 of Regulation D of the Securities Act of 1933, as amended. By accepting this material, the recipient represents that they are an accredited investor and agrees to keep all information contained herein confidential.

The information contained herein is preliminary, is not complete, and is subject to change. This material does not purport to contain all of the information that a prospective investor may require.

Investments in real estate involve substantial risks, including but not limited to market risk, property-specific risk, illiquidity, environmental risk, and the potential loss of invested capital.