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Investing With Purpose Closes 72-Unit Workforce Housing Deal in Nashville MSA

07-28-2026 10:10 AM CET | Industry, Real Estate & Construction

Press release from: King Newswire

Investing With Purpose Closes 72-Unit Workforce Housing Deal

Faith-driven multifamily firm adds stabilized Smyrna, Tennessee asset to growing portfolio

United States, 28th Jul 2026 - Investing With Purpose, a faith-driven multifamily real estate investment firm, has acquired Redwood Hollow Apartments, a 72-unit workforce housing community located in Smyrna, Tennessee, within the Nashville metropolitan area. The property was acquired directly from an institutional seller divesting non-core assets from a larger portfolio, allowing the firm to purchase at a basis advantage relative to comparable market transactions.

Redwood Hollow is a single-story, ranch-style multifamily community offering studio, one-bedroom, and two-bedroom apartments. The property was 95 percent occupied at the time of acquisition and is cash flowing from day one. Interior renovations will be completed on a rolling basis at unit turnover, with exterior improvements already underway including landscaping and exterior paint.

The Smyrna submarket sits in close proximity to a major Nissan manufacturing facility, which anchors consistent residential demand in the area. The Nashville MSA has experienced significant population and employment growth in recent years, with suburban submarkets like Smyrna benefiting from spillover demand as the urban core continues to tighten.

This acquisition checked every box for us in terms of core value alignment, said Steven Libman, founder of Investing With Purpose. We have a long-standing operating partner with deep roots in the area, fixed-rate debt, a stabilized rent roll, and the ability to bring our on-site ministry program in from day one. It is a straightforward thesis with strong downside protection.

The deal was completed in partnership with an operator with an established footprint of approximately 3,000 units in the immediate area, providing economies of scale in property management and local market expertise.

The acquisition was structured as a Regulation D 506(b) private offering.Investing With Purpose will implement its Purposed Care Initiative (PCI) at the property, with on-site care coordinators running bi-weekly resident events and community programming designed to build connection, reduce turnover, and support resident wellbeing.

About Investing With Purpose: Investing With Purpose is a faith-driven multifamily real estate firm based in Bluffton, SC. The firm invests in multifamily assets nationally, combining institutional-calibre investment management with an intentional values framework where capital meets calling. Learn more at iwpurpose.com.

Contact Details

Organization: Investing With Purpose

Contact Person: Heather Hook

Website: https://www.investingwithpurpose.org/

Email: Send Email [https://dashboard.kingnewswire.com/release-contact/47624]

Country: United States

Release Id: 28072647624

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