Riverbrook Apartments is a 48-unit multifamily community in Brownsville, Tennessee, the seat of Haywood County and home to Ford's BlueOval City campus. The property consists of six buildings with 40 two-bedroom/two-bath and 8 three-bedroom/two-bath units.
Each unit features a full kitchen with electric range, dishwasher and refrigerator, a walk-in closet in the primary bedroom, and washer/dryer connections. Community amenities include a community room, on-site laundry facility, central mail center, playground and picnic area.
Riverbrook exited the LIHTC program through the qualified contract process, and the three-year protection period has fully expired. With no remaining affordability restrictions, the property is available for market-rate leasing, giving a new owner full flexibility on rents and leasing strategy.
BlueOval City. BlueOval City, a $5.6 billion manufacturing campus in Stanton, sits in the same county as Riverbrook. Ford expects to begin production at its Tennessee Truck Plant in 2029 and projects approximately 2,300 jobs there. The campus also includes a battery manufacturing plant targeting production in 2028.
As hiring ramps up, Brownsville is positioned to benefit from demand for nearby workforce housing, and Riverbrook's two- and three-bedroom floor plans suit that renter base. Investment Outlook. Riverbrook offers an established multifamily asset, free of affordability restrictions, in the same county as one of the largest industrial projects in Tennessee history.
Proximity to BlueOval City provides long-term demand upside on top of the property's existing operations. BlueOval City-BlueOval City, a $5.6 billion manufacturing campus in Stanton, sits in the same county as Riverbrook. Ford expects to begin production at its Tennessee Truck Plant in 2029 and projects approximately 2,300 jobs there.
The campus also includes a battery manufacturing plant targeting production in 2028. As hiring ramps up, Brownsville is positioned to benefit from demand for nearby workforce housing, and Riverbrook's two- and three-bedroom floor plans suit that renter base.
Investment Outlook- Riverbrook offers an established multifamily asset, free of affordability restrictions, in the same county as one of the largest industrial projects in Tennessee history. Proximity to BlueOval City provides long-term demand upside on top of the property's existing operations.
