In September 2015, Champion acquired the Hillsboro property as a light value add investment. Located between Belmont and Vanderbilt Universities, Hillsboro consists of two single family homes and four townhomes with 27 total rooms that are leased primarily to students and recent graduates.
The Hillsboro property is located in an “A” Nashville submarket that is urban, walkable and known for their boutique shopping experience featuring several clothing stores, a local bookstore, a flower shop and over 25 bars and restaurants.
Upon acquisition, the Property was 100% leased and occupied thereby providing immediate and stable cash flow to investors. The Champion business plan includes installing professional management and performing light value add improvements designed for additional rent and NOI growth.