Northwood Investors LLC, a privately-held real estate private equity firm, has acquired Fifth + Broadway, a 6.2-acre mixed-use, open-air center in Nashville.

The property was developed and operated by Brookfield Properties, which completed construction in 2021, before Northwood’s purchase of the property in its entirety, including its retail district and residences. Most of Fifth + Broadway’s management team have transitioned to Northwood and will continue in their existing roles. The deal marks the fifth asset that the firm has invested in within Nashville.

“We feel Nashville is a high-growth market, and one that we have been watching since 2011,” said Ward Kampf, president of Northwood Retail. “We believe the attention to detail, aesthetics and connectivity are unmatched, making it a transformative catalyst for the fabric of lower Broadway.”