Seeking Advice on Multi-Family Property in Mursfreesboro TN and S

[David S.]

I have been presented with an opportunity to invest in a couple of 250+ apartment unit syndications in Murfreesboro and Spring Hill Tn areas. These are class A properties built around 2017 so would also be interested to what extent these would appeal to those that work in Nashville?

I am doing my own due diligence but would also like feedback from others in the local area as to

- Whether these are worthwhile areas to consider if one wanted exposure to the metro Nashville market.

- Is one of these areas better then the other and why?

- These properties are both about 30 miles south of downtown Nashville. So do these areas really appeal to commuters who work in the city of Nashville?

- How resilient would these areas be when the next recession comes.

Thanks in advance for your input.

[Rhett Kelton]

I agree with Mark above- there are other things here that would concern me more than tornado's.  Including earthquakes and hurricanes :)

They do not affect my investing decision making at all.  While we will have them in the greater Middle Tennessee area every couple years, as long as you have the insurance, you should be fine. I do know that I did not have to buy a separate tornado policy for my own home, and that any damage is covered by my homeowners policy.   

If I were in your shoes, I wouldn't worry about potential tornadoes here.  Your syndication GP should have the right amounts of insurance, although you might want to follow up with him if it is still a concern.