The Preserve

Who We Are

 Crescent Bend Mission Statement:

A Multifamily Development Company committed to creating Luxury Class A Apartment Complexes that maximizes the tenants experience while providing investor’s value through the use of prudent business practices executed by a veteran team of professionals.


Who we are:

Crescent Bend Development is a Real Estate firm specializing in luxury multifamily developments.  Paul J. Murphy, III is the owner and has over 20 years’ experience developing multifamily communities.  Murphy has developed over 30 apartment communities with construction values over $300,000,000. Through related entities, he also has ownership in each community he has established. He also has a management company that manages the communities. Murphy has secured equity investments for its projects more than $117,000,000 from institutional investors to high net worth individuals


Putting together a winning team:

Over the years, it has established relationships with Banks, insurance companies, contractors, engineers, architects attorneys and all related third parties that specialize in the multifamily industry. Crescent Bend is adept at taking a project from site selection, entitlement, construction to lease-up. Crescent Bend Development isn’t a construction company but bids out projects to qualified construction companies to get the best price-value. Therefore, it has its interest aligned with the investors.  Putting together a group of talented and experienced professionals is the key ingredient for a winning product.


Murphy graduated from the University of Tennessee-Knoxville in 1986 with a Bachelor of Science Degree in Business Administration with an emphasis in Finance-Real Estate.  Murphy and his wife Whitney have two daughters, twelve-year-old Lillie, and a ten-year-old Lauren.

Our Tennessee Properties

Featured Properties

Crescent Ebenezer Under Construction

246 unit luxury apartments & 12,900 commercial retail space| Knoxville, TN.


Contact Us

To speak with an agent, please call or e-mail us.

Phone: 865.444.2145

Fax: 865.766.2128

Crescent Bend Development

6001 Walden Drive Suite 2 

Knoxville, TN 37919

The Preserve at Hardin Valley 1

Aerial photographs of The Preserve at Hardin Valley

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