An HCA executive has shelled out $15.2 million for The Arcadia, a four-story apartment complex in Madison’s Rivergate area. The sale covers the entire 81-unit community, which opened in 2022, and pencils out to roughly $187,650 per unit.
Who Bought The Arcadia
According to Nashville Post, the buyer is an entity tied to HCA executive Jeffrey Guy. The recorded purchase price of $15.2 million for the 81-unit property works out to about $187,650 per apartment.
Buyer Tied To HCA Healthcare
Guy is listed by HCA as a senior care-process executive. He serves as vice president of HCA Healthcare’s Care Process Design within its Clinical Services Group, a role detailed in HCA Healthcare Magazine. His professional background is in clinical operations and enterprise care design rather than in multifamily real estate investment.
About The Arcadia
The Arcadia is a modern, four-story rental community built in 2022 with a mix of studio, one-bedroom, and two-bedroom floor plans. The property offers amenities that include a pool and fitness center, according to the property’s public listing and website. Listings place the complex at 87 Shepherd Hills Drive and note that it totals 81 units, with advertised rents ranging roughly from the low $1,200s into the mid $1,700s. CorporateHousing and the community’s own site outline floor plans and amenity details.
What The Sale Signals
The per-unit price suggests that buyers are still willing to pay for newer suburban multifamily properties in the Nashville area even as the broader apartment market cools. A first-quarter market summary that synthesizes Yardi Matrix and other data points to heavy recent deliveries paired with stabilizing occupancy and moderating rent growth, a combination that can make recently completed, well-located assets more appealing to investors.
TenantBase notes that Nashville’s new deliveries have moderated, and occupancy has held in the low-to-mid 90s. That backdrop has helped keep investment capital flowing to select suburban communities like The Arcadia.
