Matthews Executes Disposition of a 66-Unit Multifamily Property in TN

CHATTANOOGA, TN—Matthews™, a commercial real estate investment services and technology firm, represented the buyer and seller in the disposition of Midvale Heights Apartments located at 300 W Midvale Ave in Chattanooga, Tennessee. Matthews™ First Vice President & Associate Director Austin Graham facilitated the $6,925,000 transaction.

Midvale Heights Apartments is a 66-unit apartment complex built in 1974, offering residents convenient access to downtown Chattanooga, major employment centers, retail amenities, and Interstate 27. The community features a mix of 24 one-bedroom, 40 two-bedroom, and two three-bedroom apartment units with spacious floor plans averaging approximately 1,108 square feet.

The seller, Brooks Host, who acquired the asset as part of a prior 1031 exchange, elected to sell to redeploy capital into shopping center and industrial investments. Leveraging Matthews’ AI-powered technology platform, Graham combined specialized market knowledge with data-driven insights to identify and source a qualified buyer. Looking to make a calculated entry into the Chattanooga market, John Crouch was attracted to Midvale Heights’ strong fundamentals, spacious unit mix, and strategic location, making the acquisition an ideal fit for his investment objectives.

“Despite continued selectivity in today’s investment environment, quality multifamily assets in growing secondary markets remain highly sought after,” Graham said. “This sale reflects the strength of the Chattanooga market and the value of combining local market expertise with technology-driven execution to create successful outcomes for both buyers and sellers.”

For more information, please contact Austin Graham or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.