Rendering of the Olmsted apartment building at 501 S. Fifth Ave. in Nashville. Newgard Development Group, an investment, management and development firm based in Miami, purchased a 328-unit apartment building in Nashville and plans to turn it into the Tennessee city's first Airbnb-branded rental. Newgard bought the complex from Cocke Finkelstein. Olmsted sold for $90 million, or about $274,000 per unit. The 86 percent occupied building will...
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