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About Us
Led by Paul J. Murphy, III, the company has delivered more than 4,400 units with a construction value of over $650 million. Crescent Bend is committed to creating communities that exceed tenant expectations while respecting the environment, natural beauty, and the area’s history.

Crescent Bend apartment complexes are amenity-rich with abundant greenspace and well-designed shared community space for recreation and relaxation. Communities often include swimming pools, clubhouses, and fitness centers. Apartment homes feature open floorplans, chef inspired kitchens, spacious baths and closets, high end finishes and smart technology.

Proven Partnerships
Crescent Bend is a highly respected development firm with long established relationships with banks, insurance companies, contractors, engineers, architects, attorneys, and related third parties that specialize in the multifamily industry. Crescent Bend is adept at taking a project from site selection, entitlement, to construction and through the leasing process. The firm has long standing relationships with leading architects, engineers, and construction companies. Using best practices, Crescent Bend puts each project to bid, assuring high-quality construction and an exceptional product at an excellent price value.

The Founder
Paul J. Murphy, III is the sole owner and founder of Crescent Bend Development. Mr. Murphy is a native of Knoxville and is dedicated to preserving the natural beauty and historic nature of his hometown. Each of his projects is designed to create desirable housing for the residents of Knoxville while complementing the natural surroundings. Mr. Murphy holds a B.S. in Business Administration with an emphasis in Finance from the University of Tennessee. Mr. Murphy lives with his wife and two daughters and is an active community member.
Crescent Bend
Mission Statement
A multifamily development company committed to creating luxury Class-A apartment communities that maximize the tenant experience while providing investor value with prudent business practices executed by a veteran team of professionals.