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.