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Velocis sells 246-unit Station 40 in Sylvan Heights at a $14M loss to Alidade, OakPoint JV for $57.6M ($234k/unit)

  • 12/30/2025

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Nashville Business Journal

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Highlights
Alidade Capital and OakPoint Real Estate bought Station 40 apartments for $57.6 million.
The 246-unit Sylvan Heights building sold for $234,146 per unit.
Velocis sold the property at a $14.15 million loss.

OakPoint Real Estate
James Granberry | Founding Partner, Nashville
[email protected]
615-913-4524
Alidade Capital
Matt Morano | Director-Head of Acquisitions
[email protected]
248-593-7878
Velocis
Paul Smith | Partner, Industrial
[email protected]
214-702-0220

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