Vital at Springbrook (Equity Raise)

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive opportunity to raise common and/or preferred equity/mezz debt for Vital at Springbrook, a future top of market multifamily community featuring 300 apartment homes and 4,000 SF of retail space located in Alcoa (Knoxville), Tennessee. The property will be built in the brand-new development of Springbrook Farm, Alcoa’s future city center. The new development will feature retail spaces, restaurants, commercial office space, and a hotel and conference center. Investors will benefit significantly from tax benefits provided by its strategic location in an Opportunity Zone and its qualification for the PILOT program. Further, the property will be located just five minutes from McGhee Tyson Airport with direct access and only 15 miles from Downtown Knoxville. Strong demographics in this area create a high demand for Class A unit features and amenities. Vital at Springbrook is a truly rare opportunity to receive strong tax incentives for a luxury asset in an unmatched location.