BREDS funds $310m Nashville mixed-use development project
Thursday, November 5, 2026 · first reported by PERE and 1 other
Blackstone Real Estate Debt Strategies has provided a $310 million bridge loan on Peabody Union, a Nashville development in the South Bank district beside the Cumberland River. The loan has a three-year term and two one-year extension options. The borrower is a joint venture of PGIM and Stiles | Hensler, and JLL's Capital Markets group arranged the financing for it.
Peabody Union was finished in 2025 and totals 665,000 square feet. It includes a 27-story residential tower with 355 units, 249,988 square feet of class A offices, and 52,735 square feet of shops and restaurants.
- Firm
- BREDS
- Size
- $310M
- Stage
- Raising
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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