About First Cumberland Properties

Phil Owen and Robert Trent founded First Cumberland Properties in 1991 with a commitment to provide working families with extraordinary housing.  With over 70 years of combined experience in the industry and a strong belief in God and each other, they have grown their small business into one with over $200,000,000 in development projects and the creation of 2640 units.  Today, First Cumberland Properties manages over 2800 affordable and workforce units.  Together Phil and Robert formed strong relationships with state and local leaders and have earned an excellent reputation in the Tennessee affordable housing industry.  

First Cumberland Properties is a full service investment real estate broker, developer, owner and manager specializing in multifamily properties. Our real estate professionals have experience in the areas of management, brokerage, consulting, lending, and development. This experience spans the areas of residential management and marketing, housing for the elderly and low-to-moderate income families, accounting, real estate tax appeals, insurance, conventionally financed and government insured and co-insured properties, low income housing tax credit developments, and joint ventures with not for profit entities. 

Our Executive Team

Phil Owen is the President of First Cumberland Properties.  Phil is a Certified Property Manager (CPM) as well as a Tennessee Real Estate Broker and holds a Tennessee General Contractor License.  Phil has worked in the real estate management, development and construction industries for 34 years.  Prior to co-founding First Cumberland Properties, Phil developed and managed multifamily housing for a prominent Nashville construction company. 

Robert K. Trent, Secretary of First Cumberland Properties, directs all aspects of the development process including site and property acquisitions, new construction and rehab oversight, funding applications, and mortgage sizing.  Robert has over 30 years experience in multifamily development.  Prior to co-founding First Cumberland Properties, Robert was an investment banker for nearly a decade specializing in multi-family bond financing.

Trish Greer, Executive Vice President, joined First Cumberland Properties in 2009.  Trish is responsible for the management, compliance and financial performance of the properties managed by First Cumberland Properties.  Prior to joining First Cumberland Properties Trish managed a Development Loan Fund for a local Community Development Financial Institution for 8 years and spent 17 years in banking.