One United Properties announces that its Board of Directors has approved a strategic framework for a phased entry into the United States residential real estate market. Under the approved framework, the company has completed its first land acquisition in the U.S., in the Nashville metropolitan area.
The company will initially focus on the Nashville metropolitan area as its primary execution market, with a first residential development identified in Franklin, Williamson County. Miami has been designated as a parallel growth and liquidity market, with initial efforts focused on pipeline formation and market positioning.
One United Properties has completed its first land acquisition in the United States, in Franklin, Williamson County, Tennessee, part of the Nashville metropolitan area. The land has a total area of 18,332 sqm. The company has under contract and will acquire two more adjacent land plots with a total area of 7,527 sqm. Thus, the total plot of 25,859 sqm will allow for the development of 42 townhouses and a clubhouse, with a total buildable area of approximately 9,987 sqm. The development will be called One Liberty Pike and will have a gross development value (GDV) of USD 60 million.
“After consolidating our position in Bucharest and initiating selective steps outside the Romanian capital, we have continued to evaluate international markets through the same disciplined approach. The U.S. is the first reviewed market that combines meaningful scale, liquidity and an investor and developer friendly environment, especially in the two areas we have prioritised, Nashville and Miami. This first acquisition is a measured step to establish a presence on the American market and build practical market knowledge, not a broad geographic expansion. We are starting with a controlled-size project, under clear investment criteria and strict capital discipline, and we will only scale as execution and returns meet our standards”, said Victor Căpitanu, co-founder and co-CEO of One United Properties.
In addition to the Nashville metropolitan area, the Company continues to explore other investment opportunities in other regions of the United States, such as the Miami metropolitan area, which has been designated as a parallel growth and liquidity pillar. This region is characterized by strong population growth among prime working-age segments, sustained domestic and international demand, high net migration, and a diversified economy.