Freeman Webb Company has acquired The Flats at Laurel & Pine, a 166-unit Class A apartment community located at 901 Cherokee Avenue in East Nashville.

Completed in 2023, The Flats at Laurel & Pine offers studio, one-, two-, and three-bedroom apartment homes designed to appeal to a broad range of renters. The community was 95% occupied at closing, reflecting continued demand for well-located, high-quality rental housing in one of Nashville's most sought-after neighborhoods.

“We’re excited to add this newly constructed Class A community to our Nashville portfolio,” said Monroe Stadler, Director of Acquisitions at Freeman Webb. “East Nashville continues to be one of the city’s most desirable submarkets, and this exceptional asset is well-positioned in the heart of the neighborhood.”

President Bob Freeman added, “This acquisition reflects Freeman Webb’s continued commitment to investing in high-growth markets across the Southeast, with a particular focus on our hometown of Nashville. We remain confident in Nashville’s long-term outlook, driven by transformative projects like the East Bank redevelopment and the continued evolution of East Nashville into one of the city’s most dynamic neighborhoods.”

The four- and five-story, elevator-served community is within walking distance of the restaurants, bars, and boutiques that define the Gallatin Pike corridor and give East Nashville its distinctive character. The property is also located less than 10 minutes from downtown Nashville, offering residents convenient access to the city's employment, entertainment, and cultural amenities.

Community amenities include a resort-style pool with cabanas and an outdoor kitchen, a fitness center, a clubhouse, a courtyard with grilling stations, a bark park and pet washing station, attached garages and controlled access. Apartment homes feature chef-inspired kitchens with granite counters and stainless steel appliances, in-unit washers and dryers, high ceilings, walk-in closets, and private balconies or patios.

Adam Randall of Newmark facilitated the Fannie Mae acquisition financing for the transaction, and Russ Oldham of the Walker & Dunlop Investment Sales team served as broker.

Freeman Webb will assume management of the community, further expanding the company's multifamily portfolio in the Nashville metropolitan area and reinforcing its long-term commitment to investing in the region.