Chattanooga, TN – October 1, 2021 – Equity Street Capital, in collaboration with partner Cherner Development, proudly announces the successful acquisition of two unique multifamily properties, Walnut Commons and Bread Factory Lofts, strategically located in the heart of downtown Chattanooga, TN.
Walnut Commons, a 100-unit property, is situated in Chattanooga’s rapidly expanding urban core, offering residents unparalleled access to the area’s finest dining, nightlife, and cultural amenities. With close proximity to notable national employers and the University of Tennessee Chattanooga campus, Walnut Commons provides an ideal living experience in the midst of a vibrant community. As downtown Chattanooga undergoes a transformative phase, marked by millions of dollars in mixed-use, lifestyle, and destination projects, Walnut Commons stands as a front-row spectator to this exciting urban evolution.
The historic Bread Factory Lofts, originally built in the 1920s as the Holsom Bread Factory, have been transformed into uniquely designed apartment homes that seamlessly blend contemporary living with the building’s rich history. The 26-unit property showcases a harmonious integration of original factory elements, including exposed bricks, beams, and ductwork, with modern accents, creating a distinctive and fresh lifestyle. Each apartment home at Bread Factory Lofts exudes individuality, embodying the perfect balance between historical charm and modern comfort.
Equity Street Capital and Cherner Development are excited about the potential of these acquisitions to contribute to the dynamic growth and vitality of downtown Chattanooga. The strategic location of both Walnut Commons and Bread Factory Lofts aligns seamlessly with our commitment to providing exceptional living experiences in thriving urban environments. As we continue to expand our portfolio, we look forward to fostering a sense of community and contributing to the ongoing transformation of downtown Chattanooga.
About Equity Street Capital: Equity Street Capital is a San Diego-based commercial investment firm renowned for its focus on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Founded by real estate investors and entrepreneurs Than Merrill and Paul Esajian, Equity Street Capital is dedicated to providing transformative real estate investment opportunities to it’s investors.