GRJ, LLC Announces Strategic Expansion into Memphis Real Estate Market with Acquisitions of over 1000 Apartments in Tennessee

February 29, 2024 3:25 PM EST | Source: Honest Media , LLC

New York, New York--(Newsfile Corp. - February 29, 2024) - GRJ, the New York City based real estate development firm, has announced a strategic move into a new market, with the addition of five garden apartment communities in the Greater Memphis Area of Tennessee. The company, founded by brothers Gregory and Graham Jones, has consistently focused on investing in the people, apartments, and amenities in the areas and the properties that they acquire.

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Gregory Jones, founder of GRJ, LLC.

Identifying an opportunity in an overlooked area of the fast-growing state of Tennessee, Memphis has experienced increased investment as businesses continue to expand their presence. "We believe that Memphis is the next great investment opportunity in the country," founder Gregory Jones said when asked about the choice of location for this new series of investments. "The economic vibrancy of that region is unmatched."

With companies such as FedEx, AutoZone, and St. Jude Children's Research Hospital headquartered in Memphis and employing tens of thousands of people, GRJ sees continued growth in a city that is quickly catching up with other prominent locations throughout the South East.

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The Chelsea - a 144-unit garden apartment complex.

GRJ has already invested over $14 million in upgrades at their Memphis properties over the past three years to provide real life improvement and excellent value to the people who reside. Some of which includes upscale while still affordable interior apartment renovations and new improvements consisting of playgrounds, gyms, business centers, dog parks, new pool and patios, and renovated clubhouses.

"Memphis was considered a secondary market for a long time. That is quickly changing," Gregory Jones says. "The growth prospects here are compelling. We are focused on providing affordable and luxury apartments to an area of the country that has not yet attracted the investment capital to meet the needs of the community. We believe in Memphis and soon many more will too."

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GRJ has thoughtfully spent over $14 million in upgrades in renovating Memphis properties such as The Chelsea

Further information about GRJ, LLC's Memphis portfolio can be found via their website

Published in partnership with GRJ, LLC.

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