Elmington Capital Group, LLC

Elmington Capital Group, LLC, is a privately owned commercial real estate investment and development firm headquartered in Nashville, Tennessee. We focus on commercial real estate opportunities that provide income return and capital appreciation through a diverse array of strategic initiatives. We primarily acquire retail, office, industrial and multi-family properties in which we identify the opportunity to add value through development, re-positioning, more effective operations or creative capitalization. The principals of Elmington have extensive experience in the investment, development and financing of commercial properties throughout the southeastern United States. The Elmington Team oversees three distinct areas of business: ELMINGTON CAPITAL Conventional Acquisition of Income Producing Assets Our approach is hands-on, targeting investments which we believe are undervalued and that have the following characteristics: Value-add potential through lease-up of vacant space, increase in below market rents, infusion of capital, and improved property management and leasing Strong in-place yield that generates attractive cash-on-cash returns to our investors Partnership recapitalization seeking new equity Irreplaceable real estate in high-growth corridors Creative venture structuring and project financing ELMINGTON AFFORDABLE HOUSING Low Income Housing Development Our expertise with the Federal Low Income Housing Tax Credit (LIHTC) allows us to actively seek allocations of low income housing tax credits for use in the constructing or rehabilitation of multi-family apartment communities by executing on: Land & project acquisition– encompassing zoning, land use planning, & all levels of state and government program compliance Architect, engineer, management, and general contractor selection & coordination Soft cost budgeting, construction & project management Marketing, leasing, and asset management Creative and flexible financing through relationships with lenders, syndicators, and equity providers ELMINGTON PROPERTY MANAGEMENT Property and Asset Management Services Elmington’s hands-on approach to asset, property and facilities management allows us to achieve maximum revenues, reduced operating costs, and, ultimately, maximize exit strategies through: Prudent capital improvements aimed at enhancing asset value State of the art technology implementation on multiple levels of operation High value placed on human capital & strong experience Focus on specific target markets and sectors where we enjoy distinctive competitive advantages through economies of scale and improved returns across portfolios We strive to exceed anticipated returns for our firm and our investors. We do so by extensively underwriting each project, identifying risk, structuring a sound capital stack and executing on a detailed business plan. Our success is built on a strong team foundation that works with strong partners.

Real Estate Specialization
Affordable Housing
Investment Type
JV partnership
Acquisition/Fee Simple
Investment Style
Typical Deal Size
$10,000,000 - $50,000,000

Cary Rosenblum

Cary serves as Elmington’s Chief Executive Officer. In this position, Cary oversees Elmington’s corporate operations and it’s three primary business divisions: Investments, Affordable Housing Development and Elmington Property Management. As one of the founding members of the company, Cary has grown the company from 2 employees to over 150. Cary focuses on developing and managing Elmington’s operational and financial goals, strategic growth plans, and investment opportunities. He provides leadership on the day to day corporate activities as well as the long-term goals of the company. Cary is also involved with investment and financing activities, focusing on new business development, identification of attractive assets for acquisition and corporate relations with financial partners. Cary also currently serves as a Board Member for the Housing Fund, Inc, a non-profit Community Development Financial Institution (CDFI). Prior to Elmington, Cary served as Vice President in Regions Bank’s Commercial Real Estate Group, a $140 billion financial institution, where he financed in excess of $500 million of commercial real estate transactions through debt and equity executions. Cary graduated from the University of Georgia with a Bachelors of Business Administration where he also received his Masters of Business Administration (MBA). He lives in Nashville with his wife, Jennifer, and their two children.

SVP, Multifamily Acquisitions

Ben Brewer

Ben oversees the day to day operations of Elmington’s property management company and its impact on corporate return and tactical direction. He is involved with the acquisition of conventional income producing assets—focusing on investor relations and financing. As a founding member of Elmington Capital, Ben is a principal lead in the company’s overall strategic development and corporate growth objectives. Prior to his role at Elmington, Ben served as Vice President in Regions Bank’s Commercial Real Estate Group. There he managed a $500 million portfolio of commercial real estate loan assets of all product types. Ben holds a Bachelors of Business Administration from the University of Mississippi. He lives in Nashville with his wife, Jennie, and their three children.

SVP, Commercial Acquisitions

Ryan Seibels

Ryan leads Elmington’s acquisition of conventional income producing property through a focus on analysis and identification of attractive new assets. He oversees asset management in the office, industrial, and retail portfolios including: marketing and leasing oversight, investor relations, financing opportunities, and dispositions analysis. As a principal of the firm, he participates in determining overall strategic & corporate growth objectives. Before joining Elmington, Ryan served as Vice President in Fifth Third Bank’s commercial real estate credit group where he facilitated restructures of loans in all asset classes. Prior to Firth Third, Ryan acted as acquisition analyst for Harbert Management Corporation, a multi-billion dollar commercial real estate investment firm, sourcing and underwriting value-add acquisitions throughout the Southeast. While at Harbert, Ryan participated in over $500 million in transaction volume and $125 million in equity commitments. Ryan received his Masters of Business Administration (MBA) from Vanderbilt University’s Owen Graduate School of Management and his Bachelor of Business Administration from the University of Mississippi. Ryan serves as a Board Member for Residential Resources, Inc, and is an active member of Covenant Presbyterian Church. He lives in Nashville with his wife, Mary Katherine, and their daughter.

SVP, Affordable Acquisitions

Hunter Nelson

Hunter provides leadership on Elmington’s affordable housing portfolio. With an expertise in Low Income Housing Tax Credit (LIHTC) development, Hunter oversees Elmington’s 4% bond financed and 9% competitive tax credit development portfolio. He is responsible for the affordable housing strategic direction and day to day operations, including: sourcing new construction and rehabilitation deals, project management, financial analysis, government relations, syndication, and due diligence activities. As a principal of the firm, he participates in determining overall corporate growth objectives. Hunter joined Elmington Capital after serving as a Commercial Real Estate Portfolio Manager at First Tennessee Bank. In this capacity, he managed an approximate $150 million portfolio of commercial real estate assets; overseeing the credit approval process, underwriting new loan opportunities, managing the construction draw process, performing market analysis and analyzing ongoing risk. Hunter graduated from the University of Alabama with a Bachelors of Business Administration. He lives in Nashville with his wife, Leslie, and their daughter.


Kerri Davis

Key Focus Areas
Acquisitions Asset Management Construction Development Leasing Property Management Real Estate Investing Individual Investors Tax Credits
Geographical Area
Mapped Location