Nashville-Based Financial Group Purchases Historic Germantown Property for Restoration as Inaugural Nashville Preservation Fund Product
Investment opportunity aims to benefit from Nashville’s growth while retaining the character of the city
NASHVILLE, Tenn. – Cairn Financial Group, a registered investment advisor based in Nashville, Tenn., has flipped the script on what real estate development opportunities can look like for investors with the launch of its first Nashville Preservation Fund project. While money continues to flock from California, New York and beyond to add more cranes to Music City’s skyline, the Nashville Preservation Fund I creates an opportunity to instead invest in the preservation of Nashville’s character through the restoration and renovation of the historic property located at 1315 5th Ave. N. in the heart of Nashville’s Germantown neighborhood.
Nathan Greene, founder of Cairn Financial Group. Photo Credit Alex Crawford.
“Our vision for the Nashville Preservation Fund is to allow more people who love this city to participate in a profitable real estate investment deal while preserving the character of the Nashville we all fell in love with so many years ago,” said Nathan Greene, founder of Cairn Financial Group. “This property’s character, history, and zoning are key ingredients in the recipe for the unique and coveted opportunity of this first fund. Our priority is to retain as much of the history and character of the property while also building on the multi-use zoning and marketing this property to high caliber prospective tenants nationwide.”
The 5th Avenue property was built in 1910 on land parceled from the McGavock farm, as the home to prominent Cumberland River fisherman Albert Vaughn. The 2,556-square-foot home is protected by the Historic Preservation Overlay and sits on 0.2 acres boasting intricate woodwork, pristine stained-glass windows, fireplaces in each room and original floors, which will anchor the high-quality modern expansion.
“When we first toured the property, I felt like each room whispered a bit about what once was, while simultaneously casting a vision for what could be,” Greene continued. “It’s so gratifying to work alongside fellow Nashvillians to be a part of bringing this piece of Nashville’s history into the future.”
After the estimated 24-month restoration project is complete, the Fund managers plan to explore both the option of selling the restored property or holding on to the asset and renting to a desirable tenant, such as a high-end restaurant or boutique hotel, that would complement the existing character of the neighborhood.
The project’s team includes a multitude of local Nashvillians, as well as financial and real estate veterans, including Cairn Financial Group as the fund’s manager, David and Joel Atchison of The Riverstone Group, Madelyn Reynolds of Tract Title and Keller Williams Music City, Hunter and Kara Gee of Smith Gee Studio, and Tony Hirsch of Artisan Build Construct. Phase 1 is fully funded by 19 investors, 14 of which are local to Nashville. For more information about the project, visit cairnfg.investnext.com.
ABOUT CAIRN FINANCIAL GROUP
Cairn Financial Group, a registered investment advisor based in Nashville, Tenn., was founded in 2019 with a clear intent: to facilitate wealth-success for its clients. By serving as its clients’ investment manager and personal CFO, the team at Cairn Financial Group demonstrates the brand’s core values of empathy, education, collaboration and non-traditional problem solving in its comprehensive, proactive financial planning and investment management. Cairn Financial Group’s team has a strong commitment to working with clients at any stage of their wealth journey (even well before they attain wealth status) to provide an integrated financial solution and roadmap to ongoing wealth-success. For more information about Cairn Financial Group, visit www.cairnfg.com.
ABOUT NASHVILLE PRESERVATION FUND I
The Nashville Preservation Fund I is a Special Purpose Vehicle managed by Cairn Financial Group with the goal of renovating and restoring the historic property located at 1315 5th Ave. N. in the heart of Nashville’s Germantown neighborhood. The real estate development entity is designed to increase access to investors who are interested in profiting from Nashville’s growth while preserving the character for the city’s history. The 2,556-square-foot home is protected by the Historic Preservation Overlay and sits on 0.2 acres boasting intricate woodwork, pristine stained-glass windows, fireplaces in each room and original floors After the estimated 24-month restoration project is complete, the managers plan to explore both the option of selling the restored property or renting the renovated space to a desirable tenant who will add to the existing character of the neighborhood. For more information about the project, visit cairnfg.investnext.com.
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