511 Group

A boutique commercial real estate firm providing building owners the highest level of property management and leasing services, located in Nashville, the state capital of Tennessee (and the world capital of honky-tonks).


Formed in 1996 by Richard Fletcher, 511 GROUP is Nashville’s premier boutique real estate firm providing property management and leasing services for building owners, predominantly in the urban core. 511 GROUP offers institutional experience with local expertise, well established business and community relationships, dedicated staff, and an entrepreneurial spirit.


511 GROUP has received several recognitions, including:
BOMA 360
BOMA Building of the Year
CoStar Power Broker
NAIOP lease of the year

Suzy Satterfield

Property Manager

Susan Binkley

Property Manager

Carlin Woods

Property Accountant

Lauren O’Neill

Assistant Property Manager

David Duke


Jerry Smith


Jerome Scruggs


Steve Alsup


Richard Fletcher
President & Principal Broker

Richard is the president and principal broker of 511 Group. He has over 30 years experience in commercial real estate, including management, leasing and development.

511 Group’s boutique size, allows Richard to oversee the property management for his clients and to lead all leasing efforts. A long time Nashvillan, he has garnered important relationships with brokers, vendors, contractors, business leaders and community organizations.

Richard has a wide range of tenant transactions and relationships ranging from small and large law firms, social media companies, venture capitalists, banks, and local and state governmental agencies.

Under Richard’s leadership, 511 Group has been fortunate to serve a broad base of clients, including institutional, private REIT, and high net worth individuals.

Richard is active on professional, community and charitable boards: Nashville Downtown Partnership, Central Improvement District, Downtown District Energy System, Nashville Historic Zoning Appeal Commission and Board Chair of Backfield-In-Motion, a not-for-profit benefitting inner city male youths. He previously served on the Nashville Board of Zoning Appeals, Nashville Traffic Commission, YMCA and Crisis Intervention Center boards.

Richard is a graduate of the University of Tennessee School of Architecture. Prior to real estate, he was an interim at Skidmore Owings & Merrill and at a large architectural firm in Nashville. He is a licensed broker and architect.


511 GROUP is a service provider with a partner mentality. Our background in development and ownership provides us a better understanding and appreciation of our clients’ investment risks and rewards. We offer deep experience, expertise and city-wide business, brokerage, political and vendor relationships to cover-the bases while striving to protect and enhance our clients’ capital.


511 has been involved in property management for over 30 years. We have years of knowledge in building systems, developing and implementing budgets, preforming maintenance, tracking preventative maintenance, establishing vendor relationships, insurance requirements, emergency management, and providing accounting. Our staff is well trained in MRI, Yardi, Angus and other software programs.

511 GROUP management is known for extremely high tenant satisfaction, above market occupancy, and the ability to manage operating expenses along with prompt, personable service.


511 GROUP is a leader in tenant leasing in downtown Nashville. Over the years we leased and renewed more tenants than any other firm. Our experience ranges from large to small law firms, social media companies, corporate offices, large State and City departments, retail, creative firms, A/E companies, and many more.

511 GROUP has extensive and long term relationships with business, brokerage and civic groups throughout Nashville.



511 Group Properties



511 Union Street
Suite 1850
Nashville, TN 37219
(615) 256-1555