It is no secret that Nashville's apartment market is booming.
New product is being constructed, while older complexes and buildings are seeing facelifts. Investors are acquiring existing properties. Developers are pondering projects. All is good.
kAm~7 ?@E6[ 2 =:<6=J 9:89\H2E6C >2C< H2D 2??@F?465 :? yF?6i &?:ED 2E t586 |:5E@H?[ D=2E65 E@ @A6? E9:D 72== 2E E96 ?@CE9H6DE 4@C?6C @7 E96 :?E6CD64E:@? @7 aa?5 pG6?F6 2?5 $E2E6 $EC66E[ H:== C6?E 7@C 23@FE Sb A6C DBF2C6 7@@E]k^Am
kAm%96 5@==2C 7:8FC6 :D 2=>@DE DE2886C:?8 H96? J@F 4@?D:56C E92E S`[e`` 7@C 2 d_c\DBF2C6\7@@E @?6\365C@@> F?:E H@F=5 92G6 366? F?E9:?<23=6 6G6? 2 >6C6 `g >@?E9D 28@]k^Am
kAmp?5 E9@D6 AC:46D 2C6 A2CE @7 2 EC6?5] $A64:7:42==J[ }2D9G:==6VD ?6H 9@FD:?8 DE@4< 92D D9:7E65 E@H2C5D 2A2CE>6?ED 2?5 2H2J 7C@> E96 3@@> @7 8=:EE6C:?8 4@?5@ E@H6CD E92E 5@>:?2E65 9625=:?6D E96 A2DE `_ J62CD @7 D@] %96 ?6H C6?E2= AC@5F4E[ 9:89\6?5 2?5 >@DE=J :?5:DE:?8F:D923=6 7C@> :ED 4@?5@ 4@F?E6CA2CED W?@EH:E9DE2?5:?8 96:89EX[ AC@>:D6D 6?5=6DD 2>6?:E:6D 2?5 AC:>6 =@42E:@?D] $66>:?8=J F3:BF:E@FD[ E96 3F:=5:?8D 92G6 DACF?8 FA 4:EJH:56 WA2CE:4F=2C=J :? 5@H?E@H? 2?5 :? |:5E@H?X[ 9:89=:89E65 3J 9:A[ >@?@DJ==23:4 ?2>6D E92E @7E6? D66> 56C:G65 7C@> 7@4FD 8C@FAD]k^Am
kAmqFE ?@E 6G6CJ@?6 H2?ED E@ =:G6 5@H?E@H?] p?5 ?@E 6G6CJ@?6 H2?ED E@ W>F49 =6DD 92D E96 >62?D E@X A2J Sb A6C DBF2C6 7@@E @C 92D E96 DE@>249 E@ =:G6 :? d__ DBF2C6 766E 27E6C 36:?8 4@?5:E:@?65 E@ `[___]k^Am
kAm%96 >2C<6E H@C<D 3@E9 H2JDi pA2CE>6?E 4@>A=6I6D 92G6 E@ 4@>A6E6 7@C E6?2?ED E@ DE2J 962=E9J 2?5 7F== ;FDE 2D A@E6?E:2= E6?2?ED 92G6 E@ 7:?5 A=246D E92E H@C< 7@C E96:C 3F586ED 2?5 E96:C =:76DEJ=6D]k^Am
kAm(:E9 D@ >F49 D9:?J 2?5 4@D>@A@=:E2? C6?E2= C6D:56?E:2= AC@5F4E[ }2D9G:==6VD @=56C W@C[ E@ 36 >@C6 E24E7F=[ Q>@C6 >2EFC6Q @C Q6DE23=:D965QX 4@>A=6I6D >FDE 7:?5 E96:C 7@@E:?8 :? 2 >2C<6E E92EVD 492?8:?8 >@C6 C2A:5=J E92? 2?J@?6 4@F=5 92G6 AC65:4E65 7@FC @C 7:G6 J62CD 28@]k^Am
kAm%96 2?DH6C :D?VE 2=H2JD 2D D:>A=6 2D <66A:?8 C6?ED 5@H?[ 6:E96C[ E9@F89 46CE2:?=J E96 >@C6 6DE23=:D965 4@>A=6I6D E6?5 E@ @776C =@H6C C6?ED] #6?@G2E:@?D 42? J:6=5 2 4@>A=6I =@@<:?8 7C6D96C E92? :ED J62CD H@F=5 DF886DE] }6H 2>6?:E:6D 42? 36 E@FE65 2D 2 D6==:?8 A@:?E] %2C86E:?8 46CE2:? 56>@8C2A9:4 8C@FAD \\ 2?5 ?@E ;FDE 286[ 72>:=J D:K6 @C :?4@>6 3C24<6ED[ 3FE[ C2E96C[ 8C@FAD =:<6 A6E @H?6CD \\ 42? 7@DE6C 2 D6?D6 @7 4@>>F?:EJ H9:=6 2==@H:?8 2 4@>A=6I E@ DE2J C6=6G2?E 2?5 4@>A6E:E:G6]k^Am
kAm%96 q2C3:K@? pA2CE>6?ED[ =@42E65 :? |:5E@H? ?62C E96 '2?56C3:=E &?:G6CD:EJ 42>AFD 2E a_E9 2?5 qC@25H2J[ H2D 3F:=E :? `hea] pE ;FDE cd F?:ED[ =62D6D 2C6 92C5 E@ 4@>6 3J 7@C A@E6?E:2= E6?2?ED] %96 >@56C?:DE 3F:=5:?8 @776CD ;FDE EH@ 7=@@C A=2?D \\ 2 @?6\365C@@> DEF5:@ 2?5 2 @?6\365[ @?6\32E9 4@?G6?E:@?2= D6E\FA \\ 2?5 W2E =62DE 3J }2D9G:==6 DE2?52C5DX D>2== F?:ED[ C2?8:?8 7C@> bgg E@ d__ DBF2C6 766E]k^Am
kAmq2C3:K@?VD AC@I:>:EJ E@ '2?56C3:=E[ |FD:4 #@H 2?5 w:==D3@C@ ':==286 92D 2=H2JD 366? 2 <6J D6==:?8 A@:?E] p?5 :?5665[ :E D66>65 2 H:D6 6?@F89 :?G6DE>6?E E92E '2?56C3:=E A2:5 Sa]b >:==:@? 7@C E96 AC@A6CEJ :? a___[ 6?5:?8 ad J62CD @7 @H?6CD9:A 3J pC=:?8E@?]k^Am
kAm%92E @H?6CD9:A 492?86 \\ 6G6? E9@F89 :E 42>6 H6== 367@C6 E96 4:EJVD >:?:\3@@> :? E96 >:5\a___D 2?5 :ED q:8 q@@> ?@H F?56CH2J \\ AC@G:565 2 DECF4EFC2= 25G2?E286 7@C q2C3:K@?[ D2JD }2?4J |@CC:D[ 2DD:DE2?E C68:@?2= >2?286C 7@C uC66>2? (633[ E96 }2D9G:==6\32D65 4@>A2?J E92E >2?286D E96 BF:C<J 3F:=5:?8]k^Am
kAmQp=E9@F89 J@F 5@ ?@E 92G6 E@ 8@ E@ '2?56C3:=E E@ =:G6 :? E96 3F:=5:?8 2?5 H6 >2C<6E E@ E96 86?6C2= AF3=:4[ E96 3F:=5:?8 5@6D 4@?D:DE AC:>2C:=J @7 '2?56C3:=E 8C25F2E6 DEF56?ED[ A2CE:4F=2C=J 3642FD6 @7 @FC 4=@D6 AC@I:>:EJ E@ E96 '2?56C3:=E =2H D49@@= 2?5 3FD:?6DD D49@@=[Q D96 D2JD]k^Am
kAm%92E C6=2E:@?D9:A A2JD 5:G:56?5D] |@CC:D D2JD uC66>2? (633 :D 4@?7:56?E E96 4@>A=6I H:== 36 7F== ?:?6 @C `_ >@?E9D 2 J62C[ 6?E:C6=J H:E9 8C25 DEF56?ED]k^Am
kAmtG6? E9@F89 |@CC:D D2JD E96 4@>A2?J :D 4@?7:56?E :E 42? 4@>A6E6 H:E9 2? @=56C 3F:=5:?8[ q2C3:K@? 92D F?56C8@?6 FA8C256D :? E96 =2DE E9C66 J62CDi ?6H H:?5@HD[ 2 ?6H 7:E?6DD 46?E6C[ C6?@G2E:@?D E@ E96 @FE5@@C 564< 2?5 2? 6IE6C:@C A2:?E ;@3] xE 96=A65 E92E uC66>2? (633 76=E E96 3@@> 4@>:?8[ D96 D2JD[ ?@E:?8[ Q,(6. C62=:K65 E96 4@>A6E:E:@? H6V5 36 FA 282:?DE]Qk^Am
kAm(:E9 E96 FA8C256D[ q2C3:K@? 92D EC:65 E@ >2:?E2:? 2 C62D@?23=6 C6?E2= AC:46 A@:?E] %96 3F:=5:?8 42? 4@>>2?5 :ED C6?E AC:46D 3642FD6 :E 92D 76H F?:ED[ D@>6E9:?8 @7 2 42AE:G6 C6?E6C 2F5:6?46 2?5 2 56D:C23=6 =@42E:@?]k^Am
kAmp AC:>6 =@42E:@? :D D@>6E9:?8 ':6HD ~? %96 rF>36C=2?5 42? ?@H >@C6 67764E:G6=J A:E49 2D 2 D6==:?8 A@:?E] %96 cb\J62C\@=5 ad_\F?:E 2A2CE>6?E 4@>A=6I :D =@42E65 @? r23@E sC:G6[ 24C@DD x?E6CDE2E6 c_ 7C@> }2D9G:==6 (6DE 2?5 2 3C:67 5C:G6 7C@> %96 }2E:@?D[ H9:49 :D C2A:5=J 364@>:?8 @?6 @7 (6DE }2D9G:==6VD >@DE 56D:C23=6 ?6:893@C9@@5D] $EC255=:?8 E96 rF>36C=2?5 #:G6C[ E96 >F=E:\3F:=5:?8 4@>A=6I @776CD E@H?9@>6D A=FD 2 G2C:6EJ @7 @?6\[ EH@\ 2?5 E9C66\365C@@> F?:ED]k^Am
kAmx? 255:E:@? E@ =@42E:@? 2?5 G2C:6EJ[ ':6HD ~? %96 rF>36C=2?5 @776CD D@>6E9:?8 6=D6i DA246[ 2?5 =@ED @7 :E] %96 4@>A=6I D:ED @? >@C6 E92? `d 24C6D @G6C=@@<:?8 E96 C:G6C[ 2?5 E92E D:E6 92D 364@>6 @?6 @7 >2?286>6?EVD >2:? >2C<6E:?8 724E@CD] %96C6 92G6 366? @?8@:?8 C6?@G2E:@?D 27E6C 2 a_`` D2=6[ 2?5 E96 F?:ED 92G6 62DJ\E@\4=62? 72FI\92C5H@@5 7=@@CD]k^Am
kAm{@ED @7 DA246 2?5 62D:=J H:A623=6 7=@@CDn %92E 4@>3@ :D A6C764E 7@C 5@8D W2?5 9@H >2?J @7 E96 8=:EKJ ?6H 2A2CE>6?E 3F:=5:?8D 42? >2<6 E92E 4=2:>nX] }@E DFCAC:D:?8=J[ A6E 7C:6?5=:?6DD :D E@FE65 :? ?62C=J 6G6CJ ':6HD =:DE:?8] tG6? >@C6[ E96 4@>A=6I 92D ?@ H6:89E C6DEC:4E:@?D 7@C A6ED W2 C2C:EJX[ G6CJ 76H 3C665 C6DEC:4E:@?D 2?5 2 =@H A6E C6?E] %96 =62D:?8 @77:46VD 4@7766 32C 6G6? @776CD 5@8 EC62ED 2?5 ?F>6C@FD A6E >282K:?6D]k^Am
kAmyFDE 2D ?@E 6G6CJ C6?E6C H2?ED E@ A2J Sb A6C DBF2C6 7@@E 7@C 2? 2A2CE>6?E[ ?@E 6G6CJ C62= 6DE2E6 6?E:EJ :D :?E6C6DE65 :? DA6?5:?8 S`__ >:==:@? E@ 24BF:C6 @C 56G6=@A 2? 2A2CE>6?E AC@A6CEJ] p? 27E6CD9@4< @7 E96 3@@> 92D 366? ?6H :?G6DE>6?E 3=@@5 :? 6I:DE:?8 4@>A=6I6D[ A2CE:4F=2C=J E9@D6 =@42E65 D@FE962DE @7 5@H?E@H? :? p?E:@49[ H96C6 @FE\@7\DE2E6 C62= 6DE2E6 :?G6DE>6?E 4@>A2?:6D 92G6 366? A@FC:?8 :?] $@ 9@E :D }2D9G:==6VD >2C<6E E92E E96 AFC492D6 AC:46 A6C F?:E :? p?E:@49 92D C:D6? 7C@> 2? 2G6C286 @7 Scd[___ :? a_`b E@ ?62C=J Sg_[___ E@52J] }6H :?G6DE>6?ED :? }2D9G:==6 2A2CE>6?ED A2DD65 S` 3:==:@? :? a_`c 2?5 D9@F=5 5@ D@ 282:? E9:D J62C] (:E9 ?6H >@?6J 4@>6 ?6H :562D \\ 2?5 @FE52E65 2A2CE>6?ED 36:?8 8:G6? FA52E65 =@@<D] ~=56C 4@>A=6I6D >2J ?@E 36 <66A:?8 FA H:E9 E96 5@H?E@H? y@?6D6D[ 3FE E96J 42? DE2J 4FCC6?E 2D A@DD:3=6 2?5 4@>A6E6 :? 2? 6?G:C@?>6?E H96C6 E96 2A2CE>6?E G242?4J C2E6 :D =6DD E92? d A6C46?E]k^Am
kAm%96 <6J :D DE2J:?8 2D 4FCC6?E 2D A@DD:3=6 H9:=6 A=2J:?8 E@ 2 4@>A=6IVD 25G2?E286D] }@E 6G6CJ@?6 H2?ED ?6H 2?5 D9:?J]k^Am
kAm%96C6VD 2 46CE2:? 42496E :? G:?E286] |@CC:D D2JD E96 >:5\46?EFCJ >@56C? q2C3:K@? 7C6BF6?E=J 92D C6?E6CD D:8? FA D:89E F?D66? 3642FD6 @7 E96 3F:=5:?8VD @=5 D49@@= G:36 \\ ?@E :? DA:E6 @7 :E]k^Am
