Friday, October 30, 2015

Dave Ramsey Pays $10M+ Cash For TN Property

Dave Ramsey
Personal-finance guru and radio personality Dave Ramsey has cemented a deal for his company's new headquarters in Franklin, near Nashville.

Ramsey announced Wednesday that his company, Ramsey Solutions, had formally closed on 47 acres within the part of Berry Farms at the southeast quadrant of exit 61 of Interstate 65.

Ramsey Solutions paid precisely $10,883,248 — all-cash, of course, as the company's spokeswoman made sure to note in an email.

“This isn’t just a real estate deal. It’s about bringing our team back to a central location and continuing to grow the company, and the number of people we are able to help,” Ramsey said in a statement.

“Williamson County is home, and I’m glad we were able to stay in the area.”

Ramsey plans up to 600,000 square feet of office space and a 50,000-square-foot conference center. The first phase of construction will be one office building, containing 200,000 square feet.

That one building alone is bigger than the office space Ramsey Solutions current occupies, spread across five locations in the Cool Springs commercial hub.

The company currently employs about 500 people and plans to hire 180 more in the next year. Half of those openings are in tech fields. This year, for the first time, the 23-year-old company surpassed $100 million of annual revenue.

Combined with Dave’s daily broadcast radio audience of a reported 8.5 million, listening on over 550 broadcast radio affiliates nationwide, The Dave Ramsey Show now reaches more than 11 million fans weekly — on-air, online, and on demand.

“While our main focus will remain on the continued growth and development of our program on radio, we must also be in constant evaluation, exploration, and development of new technologies and ways of reaching new audience,” said Ramsey Media VP Brian Mayfield. “Forming strong working relationships with companies such as Spotify and Google are what we hope is just the beginning of our potential growth in the digital space as well as on broadcast radio.”

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