Ridgemont

Chattanooga, TN

Ridgemont is a 226-unit apartment community that underwent an extensive renovation campaign beginning in 2014. The property is located in the highly desirable North River area, north of downtown Chattanooga, Tennessee.

Acquired for $12.5 million in 2014, the property was sold for $21 million in 2018.

DEVELOPMENT TEAM

Developer: Elmington Capital Group

Architect: Shapiro & Company

Related News


Times Free Press - August 15, 2018

One of the biggest apartment complexes in Red Bank has a new owner and will soon get a new look. Timberland Partners, a Bloomington, Minnesota-based real estate investment, management, and development firm, partnered with LEM Capital in Philadelphia this month to purchase the 266-unit Ridgemont Apartments at Stringer’s Ridge for nearly $21 million. The new […]Read more »


Nashville Post - October 10, 2016

Transaction comes after Nashville-based company acquired property for $15.5M in 2014 Nashville-based Elmington Capital Group announced Monday it has sold the Mountain Brook apartment complex in Chattanooga for $18.5 million. The buyer was Atlanta-based Waypoint Homes, according to a release. Elmington purchased the apartments from Nashville-based Freeman Webb Co. for $15.5 million in 2014. At […]Read more »


Times Free Press - September 12, 2014

A Nashville investment group created in 2010 to buy and manage real estate in the Southeast bought apartment complexes in Chattanooga and Red Bank this week and is looking to buy even more rental properties in what investors see as a strong apartment market in the Chattanooga area. Elmington Capital Group LLC paid $28 million […]Read more »


DEVELOPMENT TEAM

Developer: Elmington Capital Group

Architect: Shapiro & Company

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