Highlands art

Highlands Apartments

A South Davidson County modernist apartment complex has sold for $22 million.

The new owner of what is called Highlands Apartments, located at 4646 Nolensville Road, is a Lakewood, New Jersey LLC. The Post was unable to determine details about that entity.

The seller was an LLC affiliated with New York-based JEM Holdings LLC, which paid $9.5 million for the two-parcel 13.85-acre property in 2015, according to Metro records. JEM seemingly upgrading the property after the acquisition.

In February, JEM Holdings paid $16 million for Madison apartment complex Madison Flats (read here).

Opened in 1971, Highlands Apartments includes about 10 three-story buildings with a collective 184 units. The deal is the equivalent of about $119,565 per unit.

The Post was unable to determine if brokers were involved in the transaction.