Spring 2015 issue of Horizons

FEATURE | RubinBrown Enters the Nashville Market

Explain how your three divisions – Capital, Affordable Housing and Property Management – have evolved over the years. Rosenblum: When Elmington Capital was created in 2010, it was formed with the explicit idea that it would always remain a nimble, entrepreneurial company focused on sourcing and closing unique opportunities as they arise. Elmington Capital was birthed during the recession and spent its first years purchasing and working out notes and real estate owned properties. The initial focus did not include the acquisition of existing multifamily properties, the development of affordable housing or creation of a property management company. All of these businesses came about through unique opportunities that we capitalized on. Elmington Capital now owns $250 million of stabilized, cash-flowing real estate assets including 3,500 apartment units, five office properties and select retail and industrial properties. We also have completed or are in the process of developing five low-income housing tax credit developments. Elmington Property Management has quickly grown to 400+ employees that manage over 13,000 apartment units and one million square feet of commercial property. We have had the benefit of attracting the best talent in the market and creating systems and processes without being burdened with legacy systems.

NASHVILLE BY THE

NUMBERS

# 20 AMERICA’S FASTEST-GROWING CITIES 2015 | FORBES # 10 THE 15 HOTTEST U.S. CITIES FOR 2015 | BUSINESS INSIDER

# 12 2015’S BEST METRO AREAS FOR STEM PROFESSIONALS | WALLETHUB # 86 2014 LARGEST METRO ECONOMIES IN THE WORLD | BROOKINGS INSTITUTE # 15 AMERICA’S BEST-PERFORMING CITIES IN 2014 | MILKEN INSTITUTE # 4 MOST AFFORDABLE BIG CITIES IN THE U.S. (2014) | KIPLINGER # 3 GREAT CITIES FOR STARTING A SMALL BUSINESS (2014) | MSN MONEY

TOP INDUSTRIES

Advanced Manufacturing

Communications & Information Technology

Entertainment

Health Care

Real Estate

Transportation & Logistics

JOB GROWTH RATE

HQ IN NASVILLE 27 OF 50 NASHVILLE’S LARGEST EMPLOYERS

SOURCE: FORBES LIST OF AMERICA’S FASTEST GROWING CITIES 2015 2.76%

HQ HQ HQ HQ

HQ HQ

ARE ALSO COMPANY HEADQUARTERS

SOURCE: NASHVILLE AREA CHAMBER OF COMMERCE

POPULATION & NUMBER OF COUNTIES IN NASHVILLE MSA

27.37%

14.74%

NASHVILLE 1,792,649

NASHVILLE 14 COUNTIES

STATE OF TN 6,549,352

STATE OF TN 95 COUNTIES

SOURCE: U.S. CENSUS BUREAU AMERICAN FACT FINDER

METROPOLITAN STATISTICAL AREA: NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN

page 16 | horizons Spring 2015