FutureGen REI is acquiring Dogwood Villa Apartments, a 16-unit, all-two-bedroom multifamily community located in Newbern, Tennessee, within Dyer County and minutes from The Grove Dyersburg portfolio, which the firm already owns and operates. The property represents a rare opportunity to acquire another off-market, well-located asset at a compelling ~$59,375/unit basis in a supply-constrained market — 4.5% vacancy with zero units under construction — with substantial lease-up and rent growth potential through FutureGen’s proven Dyersburg value-add playbook.
FutureGen REI is acquiring Dogwood Villa Apartments, a 16-unit, all-two-bedroom multifamily community located in Newbern, Tennessee, within Dyer County and minutes from The Grove Dyersburg portfolio, which the firm already owns and operates. The property represents a rare opportunity to acquire another off-market, well-located asset at a compelling ~$59,375/unit basis in a supply-constrained market — 4.5% vacancy with zero units under construction — with substantial lease-up and rent growth potential through FutureGen’s proven Dyersburg value-add playbook.
Acquisition Date: 08/24/2026
Units: 16
Mix: 16 — 2BR/1BA
Vintage: 1988
Status: Renovation and reposition
Asset Type: Value-Add Multifamily
Projected Hold Period: 3 years
Minimum Investment: $100,000
