Camino Verde Group Acquires Aspen Meadow Apartments
258-Unit Community is CVG’s First in Eastern U.S
HOPKINSVILLE, KY, Nov. 20, 2020 – Nevada-based Camino Verde Group, in association with NV2 Holdings of Austin, Texas, recently acquired the Aspen Meadow apartment community in Hopkinsville, Kentucky. This is Camino Verde’s first property outside the western U.S.
“The purchase further defines Camino Verde Group’s multifamily investment strategy focused on acquiring quality assets in markets with strong fundamentals,” said Kevin Romney, chief investment officer for Camino Verde Group (CVG). “Specifically, the acquisition is Camino Verde’s first east of the Mississippi River and further diversifies its existing multifamily portfolio across the country. CVG plans to expand its footprint in the east over the coming years in markets with strong market fundamentals and overall economic growth.”
Aspen Meadow is a 258-unit multifamily property nestled in beautiful Hopkinsville, part of the Clarksville, Tennessee Metropolitan Statistical Area. Located at 1050 Denzil Drive, the property is minutes away from both the Oak Grove Racing, Gaming & Hotel and the Fort Campbell Army Base. Fort Campbell is home to the 101st Airborne Division and is the fourth largest Army base and seventh largest in the Department of Defense.
Constructed in phases from 1979 to 1989, Aspen Meadow offers units with two bed and one bath or two bed and two bath housed in 31 two-story townhomes and two-story eight-plexes. The community is situated in a serene, park-like setting. Units range in size from 860 to 1,350 square feet, with rent prices starting around $725 per month.
Currently, 87 percent of the Aspen Meadow’s units have been remodeled. Remodeled units offer all new appliances, such as washers and dryers, ranges, dishwashers, built-in microwaves and refrigerators.
Camino Verde will continue renovation of the remaining 13 percent of units with the same appliances and finishes in each unit.
Aspen Meadow features an indoor swimming pool, fitness center, playgrounds, a basketball court and picnic area. The complex is also pet friendly, allowing pets with an additional deposit and housing a fenced-in pet play area.
Camino Verde Group LLC is a Las Vegas-based privately held real estate investment, development and asset management company with its sole focus on multifamily and mixed-use real estate. They generate passive income, long-term equity and appreciation for investors and owners through the purchase/ development and, wise management of property assets and maximizing income exit strategies. For more information on Camino Verde Group, visit http://caminoverdegroup.com.
NV2 Holdings, LLC is a diversified real estate investment firm whose principals have acquired more than 30 apartment communities with more than 5,000 units in Texas, Michigan and Georgia totaling over $400 million in assets.