Alto Capital is raising capital for the 2500 W. Heiman, Nashville SPV, a real estate investment opportunity led by Big Plan Holdings, a Family Office located in Nashville. The project, known as University Village, comprises 154 single-family homes in a fully amenitized community in the heart of urban Nashville.
Big Plan Holdings has $4 million of LP equity available to fund the site work and construction of the housing community, which is located just 2.5 miles from downtown. This is an opportunity for accredited investors to participate in a residential project in a rapidly growing city.
Offering Details
Upcoming Webinar
About the Investment
Big Plan Holdings University Village
University Village is intended to be a new community for urban professionals and young families, located two miles from Nashville’s central business district, the Lower Broadway entertainment hub, and the Gulch shopping district.
Property
University Village has been carefully designed to provide tenants a holistic living experience that makes it competitive amongst the best accommodations options available for prospective home buyers and renters in the Nashville area.
Location
The neighborhood is adjacent to Tennessee State University, which boasts an enrollment of over 10,000 students and the associated faculty and staff, which provide persistent demand for housing in the surrounding area.
Universities nearby (less than 1 mile away)
- Tennessee State University
- Fisk University: (900+ students)
- Meharry Medical College: (900+ students)
The neighborhood is also a 5 minute walk from the location that is a lead contender to build the new MLB stadium when Nashville receives its expected expansion MLB team (or an existing MLB team that moves to the market).
Development Timeline
Capital Raise Strategy
*The sponsor reserves the right to raise preferred equity or increase debt. Prospective investors should review all offering documents to understand the full extent of the capital structure and associated risk.
Capital Use Strategy
Development Partners
Steve Armistead
Steve is one of Nashville's visionary developers. He has more than 30 years of commercial real estate development & brokerage success in the Nashville market and beyond. Steve was one of the original forces behind the phenomenally successful Gulch Development in downtown Nashville.
Edward Tinsley
Edward has served as primary corporate legal counsel and head of operations in a range of companies, spanning the oil and gas industry, hospitality, and real estate development. Ed has acted in over $12 billion in equity and debt transactions, beginning his career at a NY/London based law firm.
Jared Bradley
Jared seeks to create boundary-pushing designs that fuel our built environment’s evolution. With over 20 years of experience as an architect, real estate developer, and general contractor, Jared understands the value of designing with wellbeing and space-making in mind.
Alto Capital
Introducing Big Plan Holdings: a significant player in Nashville’s burgeoning real estate scene
Big Plan Holdings serves as both a family office and a syndicated investment firm headquartered in Nashville. The company also owns Big Plan Hospitality — an owner/operator of bars/restaurants in Nashville, and Edgehill Music Publishing — a Nashville-based music publisher, and serves as a partner for a professional sports agency, Milk & Honey Sports.
Meet the Team
Josh Joseph, Founder and CEO
Josh is the founder and Chief Executive Officer of Big Plan Holdings who spearheads the Joseph family's endeavors in incubating new businesses, making strategic investments, and mentoring emerging entrepreneurs.
Sean Marshall, Principal + COO & General Counsel
Sean is a Principal and Chief Operating Officer of Big Plan Holdings who brings a decade of Broadway experience in operations, revenue growth, risk management, and legal and government relations for major Broadway honky tonks and venues.
Eric Russell, Principal & Chief Investment Officer
Eric is a Principal and the Chief Investment Officer of Big Plan Holdings. He excels in investor relations, underwriting, deal sourcing, debt/equity closings, joint ventures, and financial operations, as evidenced by his over $900 million in transaction experience.
Big Plan Holdings has investments in seven sectors, including:
Nashville, Tennessee already has an influx of tourists, many of whom come to stay
Nashville is recognized as a top-desired destination by major travel outlets like Travel + Leisure1, Condé Nast Traveler2, National Geographic3, and more. While it mostly attracts Americans, hundreds of thousands of tourists come from around the world. In fact, Nashville welcomed more than 14 million visitors in 2022, which was up 13% from 20214.
While the hospitality sector is certainly growing, many of those coming to visit Nashville are looking to stay long-term. The universities that are near University Village are home to tens of thousands of students — many of whom stay in the city after graduating. After all, Nashville’s unemployment rate has been steadily dropping since 2009, and it ranks highly for job growth. Young families are also moving to Nashville due to the lower cost of living and lack of state income tax. However, these factors can vary and should be considered as part of a broader analysis.
In fact, Nashville added nearly 100 new residents per day in 2022, according to the Nashville Area Chamber of Commerce’s Research Center5. Since 1990, the population has climbed 81%. In Downtown Nashville alone, the residential population has ballooned 152% between 2010 and 20206. Demand for housing in the area is expected to continue with a pipeline of development projects in the coming years — including University Village.
Embrace exposure to real estate with local experts through Alto Capital’s SPV
Alto aims to empower individuals with investment opportunities curated for long-term, retirement-oriented consideration. The alignment between alternative assets’ naturally longer-term maturation of value over time and the forward-looking nature of investing for retirement is an overlap in strategy we refer to as duration matching.
Real estate is an increasingly prominent alternative asset in the landscape of private markets, and Big Plan Holdings’ expertise in the Nashville locality makes it a prime candidate for consideration as a GP of a real estate venture for investors considering allocation to Alto Capital’s SPV.
Upcoming Webinar
Offering Documents
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Citations
- Travel + Leisure: Travel + Leisure Readers’ 15 Favorite Cities in the United States of 2023
- Conde Nast 20 Best Places to Go in 2020
- National Geographic: 25 essential drives for a U.S. road trip
- Visit Music City: Tourism Generates Record Economic Activity for City in 2022
- Nashville’s Chamber of Commerce: Nashville Area Chamber of Commerce’s Research Center Announces Nashville MSA Returns to Pre-Pandemic Population Growth Levels
- Nashville Downtown 2020 Downtown Residential Report