Transforming Assets, Maximizing Potential

Mallory Lane — Brentwood, TN

Reimagining Strategic Investments

$675M

In real estate transactions

$225M

Raised equity

0

Square feet of commercial space in Middle Tennessee

Elmington Commercial is an investment firm specializing in office, retail, and industrial assets, with a proven track record of value creation across diverse property types.

Our approach focuses on identifying unique opportunities in traditional asset classes, transforming properties through targeted renovations, and creating value where others might overlook potential.

Featured properties

Front view of a brick house with a white picket fence, green lawn, sidewalk, and multiple windows with black shutters.

Fountain square apartments

Louisville, KY

Purchased in 2012 for
$22M

Sold in 2021 for
$46M

Investor Rate of Return
41.0%

Invested
$2,700,000

Equity Multiple
7.80X

Returned
$21,060,000

Purchased in 2012

  • Purchased off market from an out of state, absentee owner that had owned it since the 1960s.

  • Negotiated accretive financing structure that helped deliver outsized returns.

  • Seller note of $3.5MM lowered our equity retirement at less than 1% interest fixed for the life of the investment.

Sold in 2021

  • Increased NOI by 63% from 2012-2020.

  • Purchased for a 7.6% cap rate and sold for 5.8% cap rate.

  • Created immediate operational efficiencies and delivered strong rental rate growth through capital upgrades to the portfolio.

RENAISSANCE TOWER

Nashville, TN

Purchased in 2014 for
$10.1M

Sold in 2018 for
$21M

Investor Rate of Return
17.0%

Invested
$6M

Equity Multiple
1.8X

Purchased in 2014

  • 75% Occupied

  • 35 Tenants

  • 2.5 Years Weighted Average Lease Term

  • $713,701 NOI

Sold in 2018

  • 88% Occupied

  • 21 Tenants, by efficient consolidation of suites and securing higher
    caliber tenants.

  • 4.8 Years Weighted Average Lease Term

  • $1,209,412 NOI, increase of 69%

MIDTOWN OFFICE PORTFOLIO

Nashville, TN

Purchased in 2016 for
$21.95M

Current Value
$42M

NOI Growth
175% 

Purchased in 2016

Acquired a 5-building office portfolio in the Midtown/Music Row submarket for $21,950,000

  • 53.6% occupied at acquisition

  • Portfolio in-place rent at acquisition: $23.85/SF

  • NOI at acquisition: $838,549

Current

  • Estimate of Value: $42,000,000*

  • Current Occupancy: 100%

  • Average in-place rents: $32.28/SF

  • NOI increase of 175% since acquisition

*2022 Year-End NOI at 6.75% cap rate

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