Nex-Gen

What Nex-Gen does

Nex-Gen Management, LLC is a privately held third-party multifamily property management company headquartered in Clarksville, Tennessee, founded in 2018 by Billi Jo Suiter and Benjamin Stanley. The company serves property owners and real estate investors with multifamily communities of 48+ units, operating across Tennessee, Kentucky, Alabama, Arkansas, and Kansas with a managed portfolio of 25+ properties spanning LIHTC, Section 8, conventional, and luxury Class A assets. Nex-Gen offers nine discrete service modules across the full property lifecycle — Due Diligence, Weekly Reports, Monthly Financials, Budget Writing, Annual Inspections, Consulting, Acquisition, File Audits, and Listings On/Off-Market Accounting — delivered through a proprietary technology platform that provides real-time owner/investor performance dashboards, tenant maintenance and billing portals, and weekly analytics benchmarked against industry data.

The business model is fee-based managed services plus professional services, with revenue generated from per-property management contracts (pricing is quote-based and not publicly disclosed) and supplemental consulting, due diligence, and acquisition support fees. Go-to-market is sales-led and relationship-driven, anchored by direct engagement with property owners and investors, regional industry networking, and the Property Management Association of Clarksville (PMAC), a 200+ member non-profit founded by CEO Suiter in 2016. The company serves two primary customer segments: property owners and real estate investors seeking turnkey third-party management of multifamily communities, and real estate professionals (investors, brokers, developers) seeking specialized consulting and due diligence. Named enterprise-grade clients include Obsidian Capital, with the broader book spread across mid-market individual property owners; the company is founder/partner-owned with no disclosed institutional or venture capital backing.

Name

Nex-Gen

Legal name

Nex-Gen Management, LLC

Website

https://nexgenmultifamily.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Nex-Gen Management is a third-party multifamily property management company serving owners and investors across Tennessee, Kentucky, Alabama, Arkansas, and Kansas, managing 25+ properties via a proprietary real-time technology platform with full-lifecycle services spanning due diligence, financial reporting, consulting, and acquisition support.

Ownership category

akta.pro rank

Product category

Multifamily Property Management Services

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily & Student Housing Asset Management (BPAJAMAD)

akta.pro secondary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Multifamily property management
• Property management services
• Real estate due diligence
• Investment property consulting
• Residential property management

Headquarters

HQ city

Clarksville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Property Management Services: Third-party property management fees charged to property owners and investors for managing multifamily communities with 48+ units. Services include due diligence, weekly reports, monthly financials, budget writing, annual inspections, consulting, acquisition support, file audits, and listings accounting.
2. Due Diligence Services: Comprehensive property management due diligence services tailored to meet the specific needs of investors, property owners, and real estate professionals. Covers financial performance, operational efficiency, regulatory compliance, and market dynamics evaluation.
3. Consulting Services: Property management consulting services including asset valuation, market research, financial analysis, tenant relations, and sustainability initiatives delivered to property owners, investors, and real estate professionals.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Nex-Gen provides third-party multifamily property management services for property owners and investors with 48+ unit communities across Tennessee, Kentucky, Alabama, Arkansas, and Kansas. Its offering is delivered as nine discrete service modules — due diligence, weekly reports, monthly financials, budget writing, annual inspections, consulting, acquisition, file audits, and listings on/off market accounting — supported by a real-time owner/investor dashboard and a tenant portal for maintenance and billing. The company currently manages 25+ multifamily properties spanning Section 8, LIHTC, conventional, and luxury Class A assets.

Product overview

Nex-Gen is a property management company offering a comprehensive suite of services for residential and commercial property owners. The company provides nine core service modules: Due Diligence, Weekly Reports, Monthly Financials, Budget Writing, Annual Inspections, Consulting Services, Acquisition, File Audits, and Listings On/Off Market Accounting. Using state-of-the-art technology, Nex-Gen keeps property owners informed with real-time access to maintenance requests and billing while providing tenants real-time access to maintenance requests. The company manages a portfolio of over 30 multifamily properties across Tennessee, Kentucky, and Alabama.

Differentiator

Problem solved

Functional benefit

Products and services

• Due Diligence Comprehensive property management due diligence services for investors, property owners, and real estate professionals, evaluating financial performance, operational efficiency, regulatory compliance, and market dynamics.
• Weekly Reports Weekly performance and status reports on managed properties that leverage advanced analytics and industry benchmarks to identify trends, opportunities, and potential challenges, ensuring transparency, accountability, and informed decision-making for owners and investors.
• Monthly Financials Detailed and transparent monthly financial reports on the performance and health of managed properties, covering revenue, expenses, cash flow, and profitability, supporting informed decision-making and strategic planning by property owners and investors.
• Budget Writing Customized budget development for each property based on a comprehensive assessment of its current financial status, operational needs, and long-term objectives, delivered to property owners and investors.
• Annual Inspections Thorough annual property evaluations covering structural integrity, building systems, safety features, and compliance with local regulations and industry standards, delivered to property owners and investors.
• Consulting Services Property management consulting services aimed at optimizing real estate assets' performance and value for property owners, investors, and real estate professionals, covering asset valuation, market research, financial analysis, tenant relations, and sustainability initiatives.
• Acquisition Property management acquisition services helping clients identify and acquire real estate assets aligned with their investment goals, including market analysis, property identification, due diligence, and negotiation.
• File Audits Experienced auditors meticulously review property files for compliance, accuracy, and completeness, offering valuable insights to optimize management practices for property owner and investor clients.
• Listings On/Off Market Accounting Management of property listings on and off the market with comprehensive accounting services ensuring transparency, accuracy, and compliance with industry standards, delivered to property owners and investors.

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Property Management Association of Clarksville (PMAC)coreStrategic or Co-development PartnerFounded by CEO Billi Jo Suiter in 2016, PMAC is a non-profit membership organization meeting monthly with over 200 members. It provides networking opportunities, industry education, and professional development for property management professionals in the Clarksville area. Nex-Gen actively participates in PMAC events and board activities.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• RangeWater Real Estate: Multifamily owner/operator and third-party manager active across the Sun Belt including Tennessee and Kentucky. Competes head-to-head with Nex-Gen for owners of garden-style and Class A assets in the same metros.
• Elmington Property Management: Mid-sized multifamily management and investment firm with Southeast and Midwest concentration. Closely comparable in scale, regional focus, and conventional-plus-affordable asset mix.
• My Place Realty & Management: Tennessee-based real estate and property management firm co-owned by Nex-Gen co-founder Ben Stanley. Directly comparable on geography, service scope, and target customer base.

Broad incumbents

• Asset Living: Large national multifamily and affordable housing property manager with broad coverage across conventional, LIHTC, and Section 8 — directly overlapping Nex-Gen's diversified asset-class service model.
• BH Management Services: National multifamily management company with deep experience in conventional and affordable housing. Competitor for owners evaluating regional vs. national third-party managers.
• Venterra Realty: Technology-forward multifamily manager operating across the U.S. Comparable on tech-enabled owner/tenant portals and analytics-driven reporting that Nex-Gen emphasizes as differentiation.
• Fogelman Properties: Established multifamily management company serving owners across the Southeast. Similar service offering (third-party PM, reporting, due diligence) targeting a comparable owner profile.
• RPM Living: Multi-state multifamily management firm with strong Southeast footprint. Comparable on third-party PM, owner reporting, and a mix of conventional and affordable housing portfolios.
• Greystar Real Estate Partners: Largest third-party multifamily property manager and operator globally, managing ~800,000+ units. Comparable as the dominant scale incumbent against whom Nex-Gen competes for regional and institutional owner mandates.

Regional players

• Knightvest Capital: Texas-based multifamily investor and operator with growing Southeast presence. Comparable as a regionally focused, vertically integrated multifamily platform competing for similar owner mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/NexGenMFM
• LinkedInlinkedin.com/company/nex-gen-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nex-Gen