Nashville, the capital of Tennessee, is an established center for the entertainment and music industry in the Southeast, hosting large music festivals which contribute to its growing economy. Nashville has a population of over 650,000 and is one of the fastest growing metro areas in the US.

Multifamily housing has been especially active in terms of developments and sales, making up the second most predominant housing type in the area, where sales surpassed the $1 billion mark in 2014. Strong employment and population growth have seen property capital appreciation rates in the past decade at over 40%, translating into a yearly home appreciation of 3.7%.