News

COVENANT CAPITAL GROUP, LLC ACQUIRES MULTIFAMILY COMMUNITY COLUMNS OF CASTLETON

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Covenant sees great value in multifamily property strategically located in employment-rich northeast side of Indianapolis, Indiana; Will invest $4.7 million to update the building, modernizing it and introducing sustainable features to extend its life   Nashville, TENN. (August 1st, 2017) – Covenant Capital Group, LLC, a value-add investment manager with an exclusive focus on the… Read more »

COVENANT CAPITAL GROUP, LLC FUND SELLS 500 5th AVENUE

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Covenant spent more than $4 million to renovate and modernize the property, increasing efficiencies and in process sustaining the life of downtown apartment community built in 1961   Nashville, TENN. (July 28th, 2017) – A fund managed by Nashville-based Covenant Capital Group, LLC has completed the sale of 500 5th Avenue, a 170-unit apartment community… Read more »

Columns at Winter Springs

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BERKADIA COMPLETES $23 MILLION SALE IN ORLANDO SUBMARKET ORLANDO and TAMPA, Fla. – MAY X, 2016 – Berkadia announced today the sale of The Columns at Winter Springs, a multifamily property located at 1020 Chatham Pines Circle in Winter Springs, Florida. Managing Director Cole Whitaker and Senior Director Hal Warren of the Orlando office, alongside… Read more »

Covenant Capital Group Closes $260 Million Fund

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Nashville, Tennessee– Covenant Capital Group, LLC today announces the final closing of its latest real estate fund, Covenant Apartment Fund VIII on December 30, 2015. The closing brings the fund’s total equity capital commitments to $260 Million. This is the largest fund ever raised by Covenant Capital Group. The fund will target value-add investments in… Read more »

Covenant Capital Group Fund Acquires Metro Manor Apartments

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Nashville, Tennessee– Covenant Capital Group, LLC today announced the June 16th acquisition of Metro Manor Apartments in Nashville, TN. A commingled fund managed by Covenant Capital Group acquired Metro Manor, a 170-unit apartment community located at 500 5th Ave. N for $15.76 million, or $92,705 per unit. The Fund obtained a new $11.82 million mortgage… Read more »

Covenant Capital Group Fund Closes on $236 million

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Covenant Capital Group, LLC today announces the final closing of its latest real estate fund, Covenant Apartment Fund VII on December 28, 2012. The closing brings the fund’s total equity capital commitments to $236 million.  The fund will target value-add investments in apartment communities predominantly located throughout the Southeastern and Mid-Atlantic regions and is composed… Read more »

Covenant Capital Group Fund Acquires Timbers Apartments

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Covenant Capital Group is pleased to announce the June 11th acquisition of Timbers Apartments in Spartanburg, South Carolina. A commingled fund managed by Covenant Capital Group acquired Timbers Apartments, a 183-unit apartment community, for $5.6 million. The Fund obtained a new $4.3 million mortgage provided by Fannie Mae. According to Jeff Seiters, Senior Vice President… Read more »

Covenant Capital Group Fund Acquires Riverbend Apartments

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Covenant Capital Group is pleased to announce the December 22nd acquisition of Riverbend Apartments in Nashville, Tennessee. A commingled fund managed by Covenant Capital Group acquired Riverbend Apartments, a 250-unit apartment community, for $10 million. The Fund obtained a new $8 million mortgaged provided by Fannie Mae. According to Jeff Seiters, Senior Vice President of… Read more »