l to r: Dr. Troy Nash, CEO of The Nash Group and Arielle Nash, President of The Nash Group
Dr. Troy and Arielle Nash co-founded The Nash Group, an affordable housing development and real estate consulting company that acquires, develops, and manages properties for its own account and others in a series of strategic partnerships and joint ventures. Dr. Nash, a US Air Force veteran, serves as the firm’s CEO, and Arielle, his daughter, fluent in Chinese and Spanish serves as President of the company. With offices in Kansas City, Missouri and West Palm Beach, Florida, the duo formed the company in 2013 and boast several affordable housing developments totaling nearly $350M in current and pipeline projects across the country. The company’s expertise includes land assemblage, project management and coordination of mixed-income affordable housing developments, including the use of complex layered financing incentives and tools such as the 4% LIHTC, 9% LIHTC, Housing Trust Fund, Tax Abatement, Bond Financing, New Market Tax Credits, CDBG, HOME, and securing conventional construction and permanent financing.
PAST EXPERIENCE
In 1999, at 29 years old, with the support of then Mayor, and current US Congressman Emanuel Cleaver II, Troy was elected to the city council. He was re-elected in 2003 and served until May 2007, when term limits brought his public service to an end. Troy served as Chairman of the Planning, Zoning, and Economic Development Committee and presided over the largest economic development boom in the history of the city at the time. He directly impacted over $10 billion of residential, retail, office, entertainment, industrial, and infrastructure development in Kansas City.
In 2007, Nash joined Newmark Zimmer, a prestigious full-service commercial real estate firm in Kansas City. Mentored by legendary real estate developer Hugh J. Zimmer, in 2014, Dr. Nash made history becoming the very first African American executive to become a partner in a top ten commercial real estate firm in Missouri’s history; shattering a glass ceiling that stood since Missouri became the 24th state on August 10, 1821.
PREPARATION COUNTS
Dr. Nash, an assistant Professor at the Bloch School of Management at the University of Missouri – Kansas City is considered an expert in structuring successful public-private partnerships. Dr. Nash’s lived experience is bolstered by an impressive set of credentials. Nash earned a B.S. in economics from Wesley College in Dover, Delaware. Nash attended the University of Missouri – Kansas City earning a M.A. in political science and a M.A. in economics. Nash also earned a J.D. from the University of Missouri Kansas City School of Law and a M.B.A. from the Bloch School of Management. In 2015, Nash earned a Doctor of Education degree from Saint Louis University. Nash holds a Master of Urban Planning degree from the University of Southern California. Dr. Nash is completing a Master of Real Estate from Georgetown University and a Master of Public Health from Brown University.
Nash also holds both the Housing Development Finance Certification and the Economic Development Finance Certification issued by the National Development Council. In 2015, Dr. Nash achieved another professional milestone by being inducted into the exclusive 2015 Commercial Real Estate Hall of Fame. In 2009, Dr. Nash was nominated by the Democratic Governor of Missouri and confirmed by the Republican-led Missouri Senate to the Missouri Housing Development Commission. The Housing Finance Agency functions as a bank, providing financing directly to borrowers. The Commission also administers the Federal Low-Income Housing Tax Credit and the Missouri Low-Income Housing Tax Credit.
THE NEXT GENERATION
In the summer of 2023, Arielle, a Washington University in St Louis college student, was selected to participate in the Sponsors for Educational Opportunity (SEO) program. SEO is an organization focused on narrowing the opportunity gap for minority high school and college students, as well as increasing diversity in the financial services and real estate private equity industries. Arielle was placed with Artemis Real Estate Partners. Artemis has raised over $9 billion and makes equity and debt investments in real estate across the U.S. “I am eternally grateful to Verdun Perry, the Global Head of Blackstone Strategic Partners one of the world’s largest secondary fund managers, with $68 billion of assets under management for recommending me,” said Arielle Nash.
