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.

EXPERIENCE TYPE Renovation
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, 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 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 Read more »


EXPERIENCE TYPE Renovation
DEVELOPMENT TEAM

Developer: Elmington Capital Group

Architect: Shapiro & Company