FOR RESTORATION AS INAUGURAL NASHVILLE PRESERVATION FUND PROJECT
Investment opportunity aims to benefit from Nashville’s growth while retaining the character of the city
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NASHVILLE, Tenn. – Cairn Financial Group, a registered investment advisor based in Nashville, Tenn., has flipped the script on what real estate development opportunities can look like for investors with the launch of its first Nashville Preservation Fund project. While money continues to flock from California, New York and beyond to add more cranes to Music City’s skyline, the Nashville Preservation Fund I creates an opportunity to instead invest in the preservation of Nashville’s character through the restoration and renovation of the historic property located at 1315 5th Ave. N. in the heart of Nashville’s Germantown neighborhood.
“Our vision for the Nashville Preservation Fund is to allow more people who love this city to participate in a profitable real estate investment deal while preserving the character of the Nashville we all fell in love with so many years ago,” said Nathan Greene, founder of Cairn Financial Group. “This property’s character, history, and zoning are key ingredients in the recipe for the unique and coveted opportunity of this first fund. Our priority is to retain as much of the history and character of the property while also building on the multi-use zoning and marketing this property to high caliber prospective tenants nationwide.”
The 5th Avenue property was built in 1910 on land parceled from the McGavock farm, as the home to
prominent Cumberland River fisherman Albert Vaughn. The 2,556-square-foot home is protected by the Historic Preservation Overlay and sits on 0.2 acres boasting intricate woodwork, pristine stained-glass windows, fireplaces in each room and original floors, which will anchor the high-quality modern expansion.
“When we first toured the property, I felt like each room whispered a bit about what once was, while
simultaneously casting a vision for what could be,” Greene continued. “It’s so gratifying to work alongside fellow Nashvillians to be a part of bringing this piece of Nashville’s history into the future.”
After the estimated 24-month restoration project is complete, the Fund managers plan to explore both the option of selling the restored property or holding on to the asset and renting to a desirable tenant, such as a high-end restaurant or boutique hotel, that would complement the existing character of the neighborhood.
The project’s team includes a multitude of local Nashvillians, as well as financial and real estate veterans,
including Cairn Financial Group as the fund’s manager, David and Joel Atchison of The Riverstone Group, Madelyn Reynolds of Tract Title and Keller Williams Music City, Hunter and Kara Gee of Smith Gee Studio, and Tony Hirsch of Artisan Build Construct. Phase 1 is fully funded by 19 investors, 14 of which are local to Nashville. For more information about the project, visit cairnfg.investnext.com.
