Nashville, Tennessee– Covenant Capital Group, LLC today announces the August 4th acquisition of the Providence Place apartment community in Brandon, Florida.

A Commingled fund Managed by Covenant Capital Group has acquired Providence Place Apartments, a 444-unit apartment community for $30 million.  This is the tenth asset acquired in the $140 million Fund.  Bell Partners will manage the property.  CW Capital, LLC arranged the $23.5 million loan provided by Freddie Mac.  The fund will target additional value-add investments in apartment communities throughout the United States.