Partners Group is buying an office asset, the Bank of America Plaza in Nashville, for $74m (€66.1m).
The tower, at 414 Union Street, was sold by Richmond-based Lingerfelt CommonWealth Partners, which will continue to operate the asset.
Partners has a value-added business plan for the 435,525sqft asset.
Ron Lamontagne, managing director for private real estate for the Americas at Partners, said down-town Nashville had experienced “significant revitalisation over the past few years, with local municipalities striving to create an ideal work and leisure environment for the rising population”.
He added: “The area boasts a competitive cost of living, as well as a pro-business environment, which has driven job growth.”
Partners, which has offices in Denver, Houston, New York and San Francisco, recently bought two US portfolios for clients.
In April, Partners Group and Westmount Realty Capital bought a portfolio of 19 multi-tenant, light industrial assets in the greater Chicago area.