We have been hard at work this year and some BIG changes have been happening at Memphis Invest. We’ve grown to over 110 full time team members in four states. The Clothier family purchased a 40,000 sq. ft. Class A office building in Germantown, TN. to move our corporate headquarters into. We made three C-Suite hires for the first time including our first Director of Human Resources, CIO and CFO. All three are incredibly additions to our company and strengthen the leadership team at Memphis Invest. We are on pace to grow our clients portfolios by nearly 20% in one year to over 6,000 properties under management. If you know our company, you know none of this is happening by accident. It is all planned and the culmination of these changes is coming with the new year…
On January 1, 2020, Memphis Invest is taking the next step in their nearly two decade journey to becoming the most trusted and only truly nationwide Turnkey company. We are officially changing our name to REI Nation reflecting our growth into eight markets and highlighting our plans for our third decade in business.
Memphis Invest was started by the Clothier family to give passive real estate investors a trusted and consistent investment experience. Our focus has always been on high touch customer service and excellent property management. As we have moved into different markets, the brand ‘Memphis Invest’ has always stood for quality and service no matter what city we were operating in. The strength of the Memphis Invest brand has been earned by our team every day and has helped us to acquire and manage over 2,000 properties in cities outside of Memphis for our clients.
As we move into 2020, we have been working on taking the strength of our brand and renaming it REI Nation as a more appropriate reflection of our growth and reach. Today, we operate in Memphis, TN; Dallas, Fort Worth and Houston, TX.; Oklahoma City and Tulsa, OK.; Little Rock, AR., and St, Louis, MO. With team members in every city trained to our specific standards and every property expected to perform to our high expectations, REI Nation will always be a Memphis Invest’ company and those same standards and expectations will continue.
Our team is already reviewing several additional cities across the southern belt from Texas to Florida to North Carolina to plan and transition our future growth. In 2020, REi Nation have plans in place to purchase and renovate 1,060+ properties in our current cities. The same great customer service and excellent property management will be provided.
We are excited for what the future holds for REI Nation, our team and our clients. By the end of 2020, REI Nation will be closing in on $1 billion in asset value under management. As our markets grow, our team grows and the value of our clients portfolios grow, REI Nation will continue to operate with the same core values that have made Memphis Invest the gold standard of the Turnkey real estate investment industry.
