Alden

The Opportunity

Springer Capital acquired this property off-market in the high-growth Hixson submarket of Chattanooga, TN. Though prior ownership had completed minor upgrades in 2010, the property lacked the interior finishes and amenities needed to compete effectively with nearby communities.

The Impact

Springer Capital invested approximately $3.5 million to modernize interiors, exteriors, and amenities positioning Alden as a more affordable housing option with unit quality and amenities, comparable to Class A communities in the area.