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Amstar, a Denver-based property development company, has announced that it has sold The Dwell at McEwen apartment complex, the firm’s only remaining property in Middle Tennessee.

Amstar, a Denver-based property development company, has announced that it has sold The Dwell at McEwen apartment complex, the firm’s only remaining property in Middle Tennessee.

Dallas-based Crow Holings paid $81 million for the development.

The 370 multi-family apartment complex, located near W. McEwen Drive in Franklin, was developed by Amstar and Southern Land Company in two phases. The first was completed in 2008 and the second phase of the development was completed in 2014. The walkable community was designed to be near the Whole Foods grocery and the complex features residential amenities such as two fitness centers and a pool, as well as a 175,000-sq.-ft. office building.

“We have mixed emotions about the sale of Dwell at McEwen,” Amstar managing director Kim Sperry said in a press release.

“While we are very proud of what we accomplished on this investment, this sale represents Amstar’s fourth property sale in the previous two years and doesn’t leave us with many holdings in the Nashville market. We continue to believe in Nashville from an investment perspective and we look forward to re-entering the market when we find the next opportunity that fits our investment strategy.”

The details of the sale have not been disclosed. Sperry could not be reached for comment.

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