First Management has extensive experience and expertise in renovations with intent to reposition the asset.  First Management has renovated over 4,500 units, with staff members having overseen over $40 million in interior and exterior improvements.  First Management’s advantage in renovations is three-fold; purchasing power, renovations expertise, and labor.  First Management has the ability to purchase components direct from manufacturers, saving significantly on mark ups.  One of the greatest challenges faced in renovating a multi-family property is controlling the timing and cost of delivering interior product.  Delivering a product that is well received by the market and affordable to the market is also an important aspect to renovating an asset.  First Management employs an interior renovations crew, allowing FMS to control cost and timing of interior renovations.  Members of FMS have overseen the renovation of over 12,000 units and have a clear understanding of delivering a desirable product.  First Management understands the connection between invested capital and expected return, and uses this understanding in making decisions on capital allocation.


Below are photos of recent renovations undertaken by First Management Services

Park West at Hillwood
6319 Charlotte Avenue, Nashville, TN 37209

South Wind Apartments
549 Southwinds Drive, Franklin, TN 37064

Domnion House Apartments
5099 Linbar Drive, Nashville, TN 37211

Kingston Pointe
6315 Kingston Pike, Knoxville, TN 37919