CHAIRMAN Tracey Crowe, CAM CHAIRMAN-ELECT Stephanie Liston, CAM, CAPS VICE CHAIRMAN Jenn Mulholland, CAM SECRETARY/TREASURER Katherine Morrow, CAM IMMEDIATE PAST CHAIRMAN Stacey Holt, CAM MANAGERS REPRESENTATIVE Anne Adams SUPPLIERS REPRESENTATIVE Mark Darnell MAINTENANCE REPRESENTATIVE Rusty Guilliams, CAMT, CPO MANAGEMENT DIRECTORS Brigitte Byron, CAM Meredith Dixon, CALP Eddie Ivey, CAPS Sully Lemmons, CAM, CPM Erick Rocha Nicole Samson, CPM Wes Schmitz Giovanna Suastegui, CAM Alice Ward, CAM, CAPS Dee Wilson SUPPLIER DIRECTORS Nathan Lybarger, Esp. Jennifer McCoy, Esq. Loyd Owen, CAS Lacey Smithson, CALP Alberto Suastegui, CALP, CAM MAINTENANCE DIRECTORS Jeremy Byrd, CAMT, CPO Diane Mason, CAMT, CPO IREM LIAISON Richard Wright, CPM LEGAL ADVISOR M. Wesley Hall, Esq. MDHA LIAISON Norman Deep PRESIDENT Victoria Tobin ADMINISTRATIVE ASSISTANT John Ellis DIRECTOR OF EDUCATION & EVENTS Ginny Johnson COMMUNICATIONS MANAGER Katelyn Cheatham STATISTICS COORDINATOR Jenny McWhorter MEMBERSHIP MANAGER Autumn Stiles FINANCE MANAGER Jenny McWhorter ACTIVE PAST CHAIRMEN Mary Bradley Stephanie Burns, CAPS, CAM, CALP Brad Cather, CPM, HCCP, SHCM, COS Kirby Davis Faye Ellis, CPM Andy Gass, ARM Shelley James, CAM, CAPS, CPM Andrew Klahn, CAPS, CAM, HCCP, CALP Tammy Lee, CAM Chari Lewis, CAM, CAPS, CPM Stacy L. Molen, CAM Nancy Morris Linda Page, CPM, ARM Ellen Parker Susan Sherfield, CPM Lisa Swick, CAPS Zac Ward, CPM Joyce Wolfe
CONTENTS GREATER NASHVILLE APARTMENT ASSOCIATION NEWS & EVENTS
FEATURES
05 07 09 13 17 19 23
It’s the Law
Metro Action’s Assistance Portal Is Closed – What Now?
Suppliers
Trade Shows and Networking Events
Trade Show
Networking Made Fun at the Annual Trade Show
Management
What Makes You Stand Out?
NextGen
Rising Stars Series
On Trend
On Trend Through the Seasons
Diversity, Equity & Inclusion
Wall Street Lands On Honky-Tonk Highway
ASSOCIATION NEWS
12 14 15 24 26 27 28 29 31
Storm the Stage
Show Your Team Spirit!
Diamond Awards
Nominate Someone Special!
JULY 2022
2022 BOARD OF DIRECTORS
Maintenance Course
Plumbing & Hot Water Heater Basics
Maintenance Course
Beginning & Advanced HVAC
Management Course
Certified Apartment Manager
Calendar
Stay up to date
August Managers Luncheon
Productivity Hacks
Management Course
Budget Bootcamp
New Members
Welcome!
ABOUT THE COVER 2022 Trade Show Sponsors: CleanQuik Carpet Service, Dish Fiber, Ferguson Facilities Supply, Floors First Nashville, ICU Security, Law Office of Hall & Associates, ProCare Property Restoration, ServPro, Signal 88 Security, Universal Media Group Inc., Valet Living, Wheeler Inc., Xfinity Communities Cover photo by: John Albani, John Albani Photography
@gnaatn
IT’S THE LAW
Metro Action’s Assistance Portal Is Closed What Now?
In March 2021, Nashville’s Metropolitan Action Commission (MAC) opened its online portal for Davidson County residents seeking rental assistance. With varying degrees of success, speed, and efficiency, over the following 15 months MAC would distribute nearly $60 million in rental assistance. That online portal is now closed to new applications. MAC announced in May that as of June 30, 2022, the portal would be closed to new applications, as they expected the pending applications would exhaust their remaining funds. What does that mean for Nashville landlords and their residents? MAC has affirmed that they remain fully staffed and able to continue to process and approve the applications that are already pending. Their indication in May was that the current applications and any new applications received in the month of June will “obligate the remaining funds allotted to the city by the U.S. Treasury.” It remains unclear what will happen to pending applications if funding runs out before they are all satisfied. For residents who do not have a pending MAC application, MAC has indicated in its press releases
NATHAN LYBARGER
Hall & Associates
and announcements that beginning July 1, 2022, the Tennessee Housing Development Agency (THDA) will begin accepting applications for rental assistance from Davidson County residents until THDA’s funds are exhausted. Although THDA’s online portal hasn’t been updated as of this writing, MAC has repeatedly made the assertion that it soon will be updated. MAC and THDA are two completely separate agencies. In order to receive assistance funding from THDA, Davidson County landlords will need to establish an account through THDA, even if they’ve already done so with Metro. There is a link at https://thda.org that can direct landlords (and residents) in that process. What does all this mean for pending evictions in Davidson County? The Housing Resource Diversionary Court (HRDC) was created in advance of MAC’s online portal in an effort to connect landlords and tenants to these assistance funds. The General Sessions judges entered an order shortly thereafter indicating that any non-payment eviction with a pending MAC application was to be transferred to the HRDC. This order remains in place. The Court will continue to meet, although less frequently, with current dates being set as far out as October. This is in anticipation of approval and payment of MAC’s pending applications. As always, it is best to file your detainer warrant immediately to avoid any further delays. Please note, cases where MAC has previously made payment and the resident has again failed to keep up with their rent will not be transferred to the HRDC.
continued on p. 25
News & Events
5
SUPPLIERS
Trade Shows and Networking Events by Bridget Opfer, Contractors Inc One of the primary ways to connect with potential new and current customers is through trade show and networking events. Here are some overall best practices to ensure a successful event: • Support the theme. • Draw attention.
Shows usually have a theme. Embrace it! • Participate in the theme if possible. • Draw attention with theme and giveaways – $5 to $25 cash giveaways are always a hit. But remember to get something for giving – ask “Is there any work you need bid at your property?”
• Use social media – Facebook, LinkedIn, Instagram – to promote.
• Good client interaction is guaranteed with theme support and game inclusion. In most associations there are also awards for booth theme participation. Getting recognized with an award is free advertisement and easy PR.
• Remind customers before the show through social media, email, phone calls.
• Use a theme-related promo and high interest grabs that will stick around your target’s office or home.
• Make sure to thank the customers for coming by and send a thank you note to any new person you meet.
Important things to keep in mind during the show:
• Make it FUN! • Have games, pictures.
Most of the business development work at an event happens before it starts. • If possible, get a list of attendees before the show. • Set targets from the list of attendees or industry info for your area. Send an email blast to attendees to hype your booth. Include your booth number and any prize or game you may be playing. • Reach out to key targets prior to the show and set up one-on-one time to talk if possible. • Post to your Facebook page on the day of the show, showing the booth setup. Include a reminder of your booth number.
• Note follow-ups and interest during the show. You should always have a notepad with you. • If you have a prize for collecting business cards, write on the target’s card a follow-up need note. Take a picture of their card and email to yourself during show with note. An iPad and salesforce can also be options if you have the personnel and time during the show. • Send individual thank you emails to attendees, even ones you know didn’t stop at your booth. • Remind to call on your services. Follow up with a phone call, visit, email to targets with interests. Also, follow up with targets you may not have been able to see at the show.
continued on p. 8
News & Events
7
Suppliers, cont. from p. 7 Questions you can ask at trade show and networking events As with all questions at events, find the appropriate time. Sometimes it is better to build rapport with personal banter. Then, ask a question here and there. • Why do you work with our company? (if they are already a customer) • Who else do you work with, and why? • What can we do better? • Is there anything any of our competitors do better? • What is your total annual budget? • How does your budget breakout capital spend vs. day-to-day maintenance vs. service? • How many other (positions) like yours are there in the company? • Who else should we talk with? • Could you please facilitate an introduction? • How long have you been with (company)? • What do you like to do when you’re not at work? • In what regions/states/cities do you focus the most? • What regions/states/cities do you see as the biggest opportunities? • What is your company’s decision-making process? Who is involved? What factors are considered? • What are the biggest hurdles you anticipate coming in the near-term? After the event, be sure to post photos on LinkedIn and Facebook. Be sure to tag the organization that hosted the event.
8
Some important things to remember while at all trade shows and networking events: • Follow up on leads. • Make new connections! • Qualify new customers. Ask questions such as who they work with in the industry, how they know you, why they want to work with you. Find out if you have connections in common. What ownership groups do they work for? • Work the transitions from old management to new management opportunities. Dig into the new management opportunity, including asset and ownership knowledge and connections. • Talk to customers you are trying to keep in good standing. Being “top of mind” in this business is key. You can casually “check in” with them to see how things are going. Take the opportunity to ask about new opportunities: “Is there anything you need us to take a look at?” or “Do you have any projects coming up?” • Actively pursue new opportunities – companies you have not worked with, markets you have not pursued, evaluate the market, new industry options.
Greater Nashville Apartment Association
TRADE SHOW
Networking Made Fun at the Annual Trade Show It’s that time of year again! The Annual GNAA Trade Show is upon us, and this year’s theme is “A Show for All Seasons.” That’s right! Every season will be represented at the Trade Show from fall to summer, from pretzels to ice cream, from Christmas trees to cherry blossoms! The GNAA Trade Show takes place on Thursday, July 28 at the Wilson County Expo Center from 5:00 to 8:00 p.m.
What to Expect GNAA has packed tons of fun and entertainment into three full hours with several networking opportunities. The Trade Show will feature over 100 multifamily suppliers with booths set up and decorated for your entertainment. Enjoy beverages from four seasonal bars found throughout the floor, stopping by booths and photo ops along the way. Door prizes will be given away, not only from select suppliers on the floor but from the GNAA staff as well. Give your business card to any member of the GNAA Staff in order to win any of the décor you may see at the Trade Show including trees, a large canopy, flowers, kid pools, a giant peep, floats, etc. The GNAA Staff have over 100+ items to give away this year and we are excited to share them with you!
Want Early Access? In addition to the Trade Show, the GNAA is offering a Fair Housing Training Course on Thursday, July 28 from 11:30 a.m. to 4: 30 p.m., right before the Trade Show. Attendees receive early access to the Trade Show. Members only pay $29 and can earn a total of 2 CEUs. Learn from fair housing expert Jennifer McCoy from the Law Office of Jennifer McCoy. News & Events
GNAA is also holding a VIP Hour, sponsored by Signal 88 Security, for upper management within the multifamily industry. This is an invitation only event. Invitations are sent through email. Please reach out to staff for inquiries.
Enter to Win a $50 Amazon Gift Card The GNAA is holding a social media contest that is open to all GNAA Trade Show Exhibitors and Attendees! Here are the rules: 1. Tag Pages on Facebook & Instagram (@gnaatn) 2. Take photos of your “A Show for all Seasons” moments on July 28 & tag us @gnaatn. 3. Each submitted photo will be entered into a drawing for a $50 gift card. One Management/Community member and one Supplier will win. 4. You may still enter the contest by emailing your photos to ginnyjohnson@gnaa.org. Photos may be used by GNAA during and after the Trade Show for promotional purposes. This contest is voluntary. GNAA is providing an Instagram filter for attendees and exhibitors to use throughout the Trade Show with their photos and videos. Don’t forget our GNAA hashtags: #GNAA #GNAATN #myGNAA. continued on p. 10
9
Trade Show, cont. from p. 9
Storm the Stage Enjoy seeing management teams rally towards the center stage with this year’s Storm the Stage! Haven’t signed up yet? You can sign up for any of the available time slots using our Storm the Stage form. Select the time, the song, and get ready to run! Return the form to Ginny Johnson to secure a spot as space is limited and is on a first come, first serve basis.
A special thanks to our wonderful 2022 GNAA Trade Show Sponsors: Gold Sponsors: CleanQuik Carpet Service, Law Office of Hall & Associates, ServPro, Valet Living, Wheeler Inc. Food Sponsors: ProCare Property Restoration, Universal Media Group, Inc. Ice Cream Sponsor: Floors First Nashville Official Bag Sponsor: Xfinity Communities Water Sponsor: Ferguson Facilities Supply Name Tag Sponsor: Dish Fiber VIP Sponsor: Signal 88 Security T-Shirt Sponsor: ICU Security
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Greater Nashville Apartment Association
MANAGEMENT
What Makes You Stand Out? What comes to mind when asked this question? keep doing business with you? Often, sales pitches Everyone is uniquely designed and has unique talents paint such a beautiful picture of what service providers nobody else possesses. There is no right or wrong can offer, but sometimes there is a disconnect after answer, but we should know what fuels us, our services are “sold” and not delivered. Relationships strengths, and what makes us stand out. It’s not about are critical in this industry. We establish credibility as competition but what you can individuals, companies, or offer that someone else can’t. “Good, better, best. Never let it rest. service providers when we follow through and do what Until your good is better and If you have difficulty answering we say we are committed this question, ask a trusted your better is best.” to doing. coworker or mentor what –ti m du nc an they see in you that sets you When the stars align, and apart. When making hiring YOU stand out, YOUR decisions, I focus more on how a candidate stands COMPANY stands out, and YOUR SERVICE PROVIDERS out from others. Did they leave a lasting impression? stand out, we are unstoppable. I’m so grateful to work Do they have a positive outlook and attitude? What for Brookfield Properties, as they are set apart in many accomplishments are they most proud of? Are they ways. Not only are the benefits, PTO, and salaries team-oriented and open-minded? What does excellence unmatched, but also their values and what they care mean to them? Skills related to the specific job can be about. As Lindsey Pollak spoke about at this year’s trained, but attitude and work ethic cannot. Educational Conference, Brookfield Properties truly embraces a multigenerational workplace. I’m proud to I think answering that question helps guide decisions work for a company that takes pride in diversity and outside the hiring process and into vendor selection. inclusion and intentionally ensures employees are heard There are many options, and selecting the appropriate and valued. service providers to partner with operators can be challenging. As a company or property, what specifically I’m thankful to the Greater Nashville Apartment makes you stand out? As a service provider, what Association for standing out as an organization by makes managers eager to do business with you and encouraging engagement, intentionally blending leadership, and being open to new ideas. I can’t wait to see everyone at the Trade Show this month, interact with our fantastic supplier partners, and make some AMY BRINSON new connections! Property Manager, Brookfield Properties Let’s all strive to be our best and STAND OUT!
News & Events
13
NEXT GEN
Rising Stars Series SARAH STURGES – Regional Sales Executive, Valet Living Years in the Industry
Do you have any pets?
10
Nope
What brought you to the apartment industry?
Coolest place you’ve ever traveled?
Interest in multi-family housing/sales
Hawaii
Was this career path something that was always on your radar?
Do you have a motto you live by?
Outside sales for multi-family
Did you have any unrelated jobs growing up that unexpectedly prepared you for the apartment industry? Restaurant/bartending
Why is property management an attractive career path? The life-long connections, career potential, multi levels for growth
Best professional advice you’ve ever been given? Never burn a bridge
What is your favorite thing to do on the weekends?
Do something today your future self will thank you for.
What upcoming GNAA event are you excited to attend and why? The Gala, of course! Who doesn’t love getting dressed up and spending the evening with their friends?
If you could get a “do over” for something in your career, what would it be and why? Everything I’ve done has led me to where I am, and I’m happy where I am. So, nothing?!
Any advice you could give to the rising stars of GNAA? Do something today your future self will thank you for.
Spend time with my son, Christian, or attend sporting events
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News & Events
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ON TREND
On Trend Through the Seasons by Lisa Gunderson, Bristol Development The changing of seasons is always a time for reflection. Summer is upon us, and we eagerly await the association trade show. We are interested in learning what new professional services and products our existing vendors can share with us. We are eager to engage with new potential vendors. Together we wonder how they can help us through these changing times. Are there opportunities to change how we order things to save money? Can we change a process to improve efficiencies? How can we be better clients or industry partners? We are specifically interested in learning more about energy management and what tools we can deploy to save money in upcoming years on our new projects. We hope your visit to the trade show is successful and that you find new ways to navigate through the changes of the seasons. Industry Ad_Nashville.qxp_Layout 1 2/24/22 11:13 AM Page 1
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June Event Highlights Managers Luncheon: Denver, BHS, Inc.; Dwain, Cortland at the Nations
Managers Luncheon: Lacey, Tolleson Inc.; Nathaniel, LPMC
Managers Luncheon
Managers Luncheon
Managers Luncheon
20
Managers Luncheon: Eddie, Reliable Roofing; Annie, Elmington Property Management
Managers Luncheon: Owen, Music City Removal; Emily, Apollo Midtown
Managers Luncheon
Managers Luncheon
Managers Luncheon
Managers Luncheon: Jonathan, Gallaher; Tiffany, Heritage Hills
Managers Luncheon
Managers Luncheon
Managers Luncheon
Managers Luncheon: Brock, Sentral SoBro; Marcie, Greenway Waste; Tabitha, Avenue Nashville West
Managers Luncheon
Managers Luncheon
Managers Luncheon
Managers Luncheon
Greater Nashville Apartment Association
Maintenance Luncheon: John, Rivergate Meadows; Lacey, Tolleson Inc.
Maintenance Luncheon: Greekgo, The Canvas; Eddie, Reliable Roofing
Maintenance Luncheon: Luke, Wright Construction; Sim, Deerfield at Providence
Maintenance Luncheon: Craig, Morris; Scott, Ferguson
Maintenance Luncheon
News & Events
Maintenance Luncheon: Dwayne, Wheeler, Inc.; Cory, Sound at Pennington Bend
Maintenance Luncheon: Shemal & Robert, Cambridge at Hickory Hollow; Dayna, Nashville Plywood
Maintenance Luncheon
Suppliers Luncheon
Suppliers Luncheon
Maintenance Luncheon: Joey, Retreat at Arden Village; Pam, Floors First Nashville
Suppliers Luncheon
Suppliers Luncheon
Suppliers Luncheon
Maintenance Luncheon
Maintenance Luncheon
Suppliers Luncheon
Suppliers Luncheon
Maintenance Luncheon
Maintenance Luncheon
Suppliers Luncheon
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22
DIVERSITY, EQUITY & INCLUSION
Wall Street Lands On Honky-Tonk Highway AllianceBernstein Officially Opens Nashville HQ by Joel Stinnett, Reporter, Nashville Business Journal AllianceBernstein’s journey to its new home culminated in May with the grand opening of its Nashville headquarters. To mark the event, Joel Stinnett with the Nashville Business Journal sat down with Seth Bernstein and ChiefOperating Officer Kate Burke. Their Q&A has been edited for length and clarity. To read the article in its entirety, visit https://www.bizjournals.com/nashville/news/2022/05/05/abopens-nashville-hq.html
AB has made diversity an important focus of the company, and there is really no place in the United States more diverse than New York City. How have you been able to keep that diversity while moving to Nashville? Bernstein: Demographically, if you put aside the Asian population in New York, it’s not that different. The African-American population, I think, was more or less the same. Part of diversity isn’t just ethnicity [or representation] from underrepresented minorities, but it’s also different points of view. We need those different points of view to have a more spirited debate. You need those different points of view to really understand holistically a challenge or an opportunity. Kate and the teams that really drove this transition went out of their way to reach out to pretty much every walk of life you could imagine, every house of worship, every community, every lifestyle, in order to understand how our people would adjust, accommodate and feel welcome. And I think [Nashville has] at least met our expectations in that respect.
After the murder of George Floyd and the ensuing protests, Seth wrote a letter to employees outlining some organizational changes that AB intended to make. You promised to appoint a Black board member, which you did, as well as to make changes News & Events
to your investment platform alignment and corporate impact. How have those initiatives progressed? Bernstein: The timing, tragic though it was, was helpful for us because we were embarking on much broader responsible investing and corporate behavior. We think about it, particularly ESG [environmental, social and governance] concerns, quite differently than a lot of people in our industry. We’re not interested in exclusions. We buy energy or oil and gas companies. We just want to understand what the implications are. What are the negative externalities to a shareholder in owning that company? And can we help that company become less carbon-intensive, or whatever the particular goal is, through our own activism and engagements with them, and we’re very comfortable being that. We just released our 2021 Global Sustainability Report, which [shows] how we measure our managers, how we evaluate companies and the securities we purchase, how we govern ourselves, how we have embarked upon measuring our own impacts. Are we making progress in making this a more diverse, inclusive workplace? We want to be as a transparent as we can in doing that. It’s a long journey, and we’re not going to get there tomorrow, because hiring today is very challenging. Burke: On the ESG front, we do also recognize there are clients who are looking to have investment options that have more [purposeful] orientation to it. We have embarked on purpose-driven investment strategies that have been rolled out to our clients and have been very successful. 23
Appliance Repair Course Highlights
It’s the Law, cont. from p. 5 With these new changes, the only eviction cases that should be transferred by the Court’s order are non-payment cases with applications that were filed before the MAC portal closed. Because MAC’s portal has now closed, residents can no longer file a new assistance application the day of court and delay the proceedings. This should eliminate at least some of the cases transferred to HRDC these first weeks of July, and any new eviction filings for non-payment of rents after July should be almost entirely unaffected by the Housing Court. How a pending application with THDA will affect the eviction process, if at all, is yet to be determined.
MEC Breakfast Highlights
The agencies and judges involved in this process have agreed that a landlord cannot be compelled to accept rental assistance from any agency. In practice, the concept is not always applied consistently. Even in a situation where the landlord does not want to accept MAC funding through a previously filed application, the pending MAC application means the HRDC will be involved and will routinely allow extra time – well beyond the normal timelines – for a resident to vacate. If a landlord determines that they no longer want to accept rental assistance, there are two things that should be done: (1) file the detainer warrant immediately, if it hasn’t already been filed, and (2) make sure your attorney knows you do not want to accept rental assistance, whether from a pending MAC application or from a new THDA application. The sooner the “landlord refusal” process starts, the sooner it will end. The next meeting of the Housing Resource Diversionary Court is July 12, 2022. We hope to learn more about how these procedures and practices will evolve following the MAC portal’s closing and how the HRDC intends to operate over the next few months while the final remaining MAC applications are completed.
News & Events
25
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JULY
GNAA OFFICE CLOSED
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Plumbing & Hot Water Heater Basics Course*
DEI Committee*
Membership Committee*
News & Events Committee*
9am - 4pm 10:30am
Legislative Committee*
13
9am
Awards Committee* 9am
Gala Committee* 10am
10am
1pm
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18
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Community Service Committee*
Communications Committee*
Education Committee*
Apartment Tour Committee*
9am
1pm
20
Board of Directors* 9am
9am
10am
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Fair Housing Course* 11am - 2:30pm
GNAA OFFICE CLOSED
GNAA Trade Show
31 News & Events
Farm Bureau Expo Center, Lebanon 5-8pm
*at GNAA Education Room **held via Zoom
27
NEW MEMBERS MANAGEMENT COMPANIES RPM Jay Draper 6500 Champion Grandview Way Austin, TX 78750 512-537-1756 jay.draper@rpmliving.com Glassworks (282)
APARTMENT COMMUNITIES Apex Marathon Village Holly Michael 1501 Herman St. Nashville, TN 37208 313 apartment homes 615-866-4811
apexmarathon-pm@pegasusresidential.com
apexmarathonvillage.com Pegasus Residential Ashton Ridge at Westcreek I Amanda Valdes 1060 W. Creek Coyote Trail Clarksville, TN 37042 154 apartment homes 931-494-8528 ashtonridge@volprop.net www.ashtonridgetn.com Volunteer Properties Revere at Barton’s Road Cecily Martinez 100 Bartons Run Trace Lebanon, TN 37090 420 apartment homes 615-449-0010 bartonsrun@grossresidential.com www.reverebartonsrun.com Gross Residential
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Revere at Hidden Creek Amber Milam 2067 Springdale Ln. Gallatin, TN 37066 444 apartment homes 615-452-9173 reverehiddencreek@grossresidential.com www.reverehiddencreek.com Gross Residential Revere at Spring Hill Laura Campbell 1000 Revere Pl. Spring Hill, TN 37174 408 apartment homes 615-392-5252 lneece@grossresidential.com www.reverespringhill.com Gross Residential
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Multifamily Amenities, LLC Kaylie McCormack 12460 Crabapple Rd. Alpharetta, GA 30004 678-575-7538 kaylie@spacelockers.com Package management
Package Solutions Janet Baker 5456 Peachtree Industrial Blvd. #149 Atlanta, GA 30341 404-382-5805 janetbaker@packagesolutions.com Package management
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Surface Artists Zach Lee 4676 Commercial St. SE #61 Salem, OR 97302 503-393-3113 zach@surfaceartists.com
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31
Highest Rent (avg) Downtown Nashville
GREATER NASHVILLE MSA MULTIFAMILY HOUSING
SNAPSHOT Q2 2022
$2,288
FULL REPORT AVAILABLE AT GNAA.ORG
$1,134 lowest Rent (avg) Dickson COunty
29,390
UNITS INCREASE UNDER CONSTRUCTION FROM
3,131 apartments
67.61%
35.67% Q2 2021
delivered q2 2022
incREASE FROM
Q2 2021
Media Contacts: Please contact via email only.
Jenny McWhorter, Statistics Coordinator
Statistics@gnaa.org Victoria Tobin, President VictoriaTobin@gnaa.org
11.32 % INCREASE from Q2 2021
$1,563
AVERAGE RENT
95.55% AVERAGE OCCUPANCY (22 ZONES IN MSA)
.42% inCREASE OVER Q2 2021
17 COMMUNITIES HAVE SOLD YEAR-TO-DATE, REPRESENTING 4,234 Units WITH AN AVERAGE PER UNIT PRICE of $303,746. THIS IS A 36.87% INCREASE per unit OVER Q2 2021.
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