NASHVILLE, Tenn.--(BUSINESS WIRE)--The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the hire of Grace Evans as Vice President of Development in Nashville, reporting to Aaron Pechota, Executive Vice President of Development and Head of Affordable Housing.
“We are thrilled to have Grace join our dynamic team and help us grow our affordable housing footprint in the Nashville metro area and across Middle Tennessee,” said Pechota. “Nashville has been experiencing tremendous demand for rental housing as a result of its robust economy and diverse business sectors, which have fueled significant job growth. Grace’s vast knowledge of the Nashville area – including its growth potential, supply-demand dynamics and market fundamentals – will help further NRP’s mission to create outstanding rental communities for individuals and families across the U.S., regardless of income.”
The NRP Group continues to expand its footprint across the Southeast, with a current pipeline of approximately 2,200 market-rate and affordable housing residences underway. In her new role, Evans will be responsible for originating, leading and managing all aspects of suburban and urban affordable multifamily development in greater Nashville, leveraging her previous finance and development experience.
Prior to joining NRP, Evans served as an associate at Elmington Capital Group where she was responsible for conducting the due diligence, underwriting, and financing processes for affordable multifamily properties using 4% and 9% tax credits. Prior to Elmington, Evans worked for nearly four years at Goldman Sachs as a Realty Management Analyst responsible for pricing a global portfolio of real estate acquisitions and subsequent asset management.
Evans graduated summa cum laude from the Honors College at the University of Alabama with a Bachelor of Science in Commerce & Business Administration.
“Nashville is not only my home but a market filled with great potential and opportunities to develop best-in-class rental communities that are affordable for residents in the area,” said Evans. “I’m excited to join The NRP Group’s well-respected team and look forward to continuing to foster the company’s work and mission by partnering with forward-thinking municipalities and Nashville leaders to bring more quality homes to residents.”
About The NRP Group
The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing. Since its founding in 1994, NRP has developed more than 50,000 apartment homes, and currently manages over 26,000 residential units. The company utilizes the entire breadth of its in- house capabilities to fulfill its mission: creating exceptional rental communities for individuals and families, regardless of income. Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provides the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market rate, affordable, and senior housing.
The NRP Group has been named the 2021 NMHC #3 Top Multifamily Builder in the U.S. and #5 Top Multifamily Developer, and Affordable Housing Finance has named The NRP Group #2 Top Affordable Housing Developer. The NRP Group is a winner of the National Association of Home Builders (NAHB) Multifamily Pillars of the Industry award for “Builder of the Year” and a three-time recipient of the “Development Firm of the Year.” For additional information, please visit https://www.nrpgroup.com/.
