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Admiral Capital, Security Properties buy Nashville, Tenn., multifamily asset

Admiral Capital Group affiliate Admiral Capital Real Estate Fund II LP and Security Properties acquired the 360-unit Cambridge at Hickory Hollow multifamily property in Nashville, Tenn.

The buyers did not disclose the purchase price in a news release. The Nashville Post, citing Metro records, reported that Passco Hickory DST sold the property for approximately $53.4 million.