Sold August 2022
Preserve at Bartlett, formerly known as Legends of Wolfchase, is a 300-unit Class A- workforce housing community located in Bartlett, Tennessee. The property enjoys a central location and places residents near numerous large employers, commercial venues, schools, and local healthcare facilities.
Preserve at Bartlett is adjacent to Interstate 40, which provides residents immediate access to Downtown Bartlett and the Poplar/I-240 Office corridor. Saint Francis Bartlett, with 1280 employees, is located only two miles from the property and next door to Saint Francis in the Bartlett Corporate Business Park, which is home to 225 companies and over 5000 employees. Seven office parks with over 3.5 million square feet of office space are within ten miles of the community.
Recreational venues are plentiful near Preserve at Bartlett, including Shelby Farms Park, which recently completed a $70M renovation. Shelby Farms Park is five times larger than Central Park in New York. Stonebridge Golf Club, Colonial Country Club, and Quail Ridge Golf Club are within ten minutes from the property. Game Day Baseball includes playgrounds, arcades, and ten fields less than five miles away.
Preserve at Bartlett, completed in 2002, is located in the highly regarded Bartlett School District and is zoned for Bon Lin Elementary school, Bon Lin Middle School, and Bartlett High School. The apartment homes have nine-foot ceilings and floor plans that range from 677 square foot one bedroom/one bath plans to 1491 square foot three bedrooms/two bath plans. Community features include a clubhouse, fitness center, media room, business center with internet café, swimming pool, sun deck, dog park, children's playground, and laundry facility. Interior resident features include ceiling fans, crown molding, two-inch blinds, patios/balconies, full appliance package with microwave oven, and washer dryer connections. Some residences have garden tubs, bay windows, fireplaces, and garages.
Preserve at Bartlett was acquired in ApexOne Multifamily Fund III, LP, and will be held long-term to capture growth and appreciation. Balfour Beatty Communities assumed management at closing.