Local firms have felt the initial impact of Electrolux moving to Memphis to the tune of $64 Million in contracts

When Memphis Invest, GP travels to different parts of the country meeting with investors, one of the first suggestions we make is to forget about the houses for the time being and concentrate on the market.  More to the point, concentrate on the economics of the market and the fundamentals of that economy.  Memphis and even Dallas, which is our newest market (more on that later) both have strong economic prospects.  Once an investor has identified that the market they are studying, then the team and investment property decisions can be made.

Three research or news organizations have ranked Memphis real estate at or near the top of major real estate news stories over the past few months with a brand new research paper being released this past week showing Memphis as the #2 market in the country for affordability.  The Council for Community and Economic Research (C2ER) gathers data from 309 urban areas to rank them in their Cost of Living Index (COLI) and Memphis has always ranked as one of the most affordable cities to live in as well as raise a family and invest.

For all of our investment real estate clients and even interested investors who have been asking for an easy way to see properties on the go, we are releasing the first version of our smart phone app.  Memphis real estate is hot and our new app is just one of the new ways we are developing for investors to stay on top of what's going on here at Memphis Invest...AND the download is F-R-E-E!

As a real estate investor myself and as a partner who works with real estate investors from around the world, it is music to my ears when I hear about the leadership of our city being proactive in telling the great story that is Memphis, Tennessee.  I have spent countless hours on the road over the past 18 months, talking to investors from coast to coast about the advantages of Memphis as a real estate investment city and how companies like MemphisInvest.com are not alone in turning the city around.  When stories like this one come out, it makes my job easier and makes my investment portfolio poised for growth in the very near future!

If you've heard Memphis Invest speak at various events around the country, you've heard us talk about the 'intangibles' that make Memphis investment properties unique when compared to other real estate investing cities.  One of the unique characteristics that makes Memphis a great city for real estate investors is the location and, because of location, the industries that support the city.  Here is another great example of the tremendous economic growth that is expected for the city and how that growth effects real estate investors.

Swedish appliance maker Electrolux announced a deal this week with Memphis City and Shelby County leaders to build a 700,000 square foot manufacturing facility in Memphis that will be fully operational by 2012.  The new facility will employ 1,200 workers and it's suppliers and offshoot companies will add an addtional 2,000 jobs to the Memphis area.  For Memphis real estate investors, news like this is music to our ears.