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Covenant Capital Group reacquires Nashville apartment building for $23 million

Buyer previously owned, renovated 170-unit downtown property before selling it in 2017
The 500 Fifth apartment building in downtown Nashville, Tennessee, sold for $23 million in an investment sale. (CoStar)
The 500 Fifth apartment building in downtown Nashville, Tennessee, sold for $23 million in an investment sale. (CoStar)
By Jennifer John with
CoStar Research
March 30, 2026 | 3:08 P.M.

Covenant Capital Group reacquired The 500 Fifth, a 170-unit multifamily property in downtown Nashville, Tennessee, from JEM Holdings for $23 million, or $135,294 per unit.

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News | Covenant Capital Group reacquires Nashville apartment building for $23 million