What My Students Taught Me About Leadership

Troy Nash • March 18, 2026

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I have eight degrees. I have chaired a City Council committee that oversaw $10 billion in development. I have served as Vice Chairman of the Missouri Housing Development Commission. I have built affordable housing, structured complex deals, and navigated bureaucracies that would exhaust most people. But some of the most important lessons I have learned about leadership came from inside a classroom, and I was not the one teaching them.

I serve as a professor in the Executive MBA Program at the UMKC Henry W. Bloch School of Management and as Director of the Lewis White Real Estate Center. My students are working professionals. They are managers, directors, entrepreneurs, and executives who come to the classroom after a full day of making decisions that affect real people and real money. They do not have patience for theory that does not connect to practice. And that has made me a better leader.

They Taught Me to Simplify

When you have spent decades in affordable housing development, you start speaking in acronyms. LIHTC. QAP. AMI. MHDC. TIF. CDBG. HOME. Every one of those terms represents a complex system, and after enough years, you forget that most people have no idea what you are talking about.

My Executive MBA students reminded me that complexity is not a sign of expertise. Clarity is. The first time I walked through a LIHTC deal structure in class and saw 30 faces that told me I had lost the room, I realized that if I could not explain the most important affordable housing program in American history to a group of smart, motivated professionals, the problem was mine, not theirs.

That lesson changed how I communicate with lenders, investors, city officials, and community stakeholders. If you cannot explain your deal on one page, you do not understand it well enough. My students taught me that.

They Taught Me to Listen Before Leading

Executive MBA students are not traditional students. They have careers. They have expertise. They have opinions formed by years of professional experience. When I stand in front of that room, I am not the only person with something to teach.

Early in my teaching career, I made the mistake every new professor makes: I talked too much. I had stories from the City Council, from MHDC, from the development world, and I wanted to share all of them. What I learned is that the best class sessions happen when I set up a problem and let the room work through it. The diversity of perspectives in an Executive MBA cohort, people from health care, finance, technology, manufacturing, government, and nonprofits, produces insights that no single instructor could generate alone.

That principle applies directly to development. The best projects are not the ones where the developer has all the answers. They are the ones where the developer listens to the community, the financing partners, the city officials, and the residents, and then synthesizes what they hear into a plan that works for everyone.

They Taught Me That Experience Is Not Enough

I grew up in Section 8 public housing. I served in the United States Air Force during Operation Desert Shield and Operation Desert Storm. I was the first African American Student Curator on the University of Missouri Board of Curators. I became the first African American principal at a top ten Missouri commercial real estate firm. I have traveled to over 50 countries and spoken in more than 40. My students respect that background, but they do not defer to it automatically, and they should not.

What they want to know is whether my experience translates into frameworks they can apply to their own challenges. A story about chairing the Planning, Zoning, and Economic Development Committee is interesting. A framework for how to evaluate a site selection decision that they can use in their own business is useful. My students pushed me to turn experience into transferable knowledge, and that discipline has made me a better developer, a better advisor, and a better leader.

They Taught Me That the Next Generation Is Ready

Every semester, I meet professionals who are ready to lead at levels beyond what their current organizations allow. They are strategic thinkers trapped in operational roles. They are visionaries stuck in meetings about process. They come to the Executive MBA program because they want tools, frameworks, and credentials that match their ambition.

Working with these students reinforced a conviction I hold deeply: the talent is already in the room. It just needs the right opportunity. That is the same conviction that drives our work at The Nash Group. The families we serve are not lacking ability. They are lacking stable housing. The communities we develop in are not lacking potential. They are lacking investment. The students I teach are not lacking intelligence. They are lacking access to the networks and knowledge that accelerate careers.

Leadership, at its core, is the act of removing barriers so that people can perform at the level they are capable of. I learned that in the classroom before I fully understood it in the boardroom.

The Lewis White Real Estate Center

As Director of the Lewis White Real Estate Center at UMKC, I have the opportunity to connect academic real estate education with the realities of the development industry. The Center serves as a bridge between the university and the professional community, and it gives students exposure to the practitioners, the deals, and the policy environments that will define their careers.

Directing the Center has taught me something else about leadership: institutions matter. Individual talent is essential, but it needs a platform. The Lewis White Real Estate Center is that platform for students who want to enter or advance in the real estate industry. Building that platform, sustaining it, and making it relevant to the current market is a different kind of development than constructing 120 housing units or structuring a $19.3 million deal. But it requires the same commitment to outcomes, the same willingness to listen, and the same belief that where you start out in life has nothing to do with where you end up.

What I Give Back

Teaching is not separate from my work as a developer. It is part of the same mission. Every student who leaves my classroom with a better understanding of how affordable housing finance works, how site selection decisions are made, how municipal policy shapes development outcomes, and how to lead with both data and conviction is someone who will make better decisions for their community.

I bring my current projects into the classroom. When I am working on a deal like The Mabion or Promise Place, my students hear about it in real time. They see how the financing is structured. They understand why we chose the 4% credit path. They learn what community engagement actually looks like when it is not a textbook exercise but a real conversation with real neighbors who have real concerns.

That exchange goes both ways. My students ask questions that force me to reexamine assumptions. They challenge conclusions that I have held for years. They bring perspectives from industries I have never worked in that illuminate problems I thought I understood completely.

The Lesson They Keep Teaching Me

The most consistent lesson my students teach me is that leadership is not a title. It is not a position on an organizational chart. It is the willingness to show up, to listen, to adapt, and to act in service of something larger than yourself.

I grew up in public housing. I earned eight degrees. I served my city, my state, and my country. But when I walk into that classroom at the Bloch School of Management, I am reminded that learning never stops, that expertise without humility is just arrogance, and that the best leaders are the ones who never stop being students themselves.

My students taught me that. And I am grateful every semester for the reminder.

Dr. Troy Nash is a Professor in the Executive MBA Program and Director of the Lewis White Real Estate Center at the UMKC Henry W. Bloch School of Management. He is CEO and Co-Founder of The Nash Group, LLC, and CEO and Co-Founder of AGI Affinity, LLC.

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By Troy Nash March 19, 2026
I grew up in public housing. Section 8. Kansas City, Missouri. That is not a metaphor or a brand story. That is where I slept at night. My mother raised us without much, but she raised us with an understanding that where you start does not determine where you finish. I took that seriously. Maybe more seriously than she intended, because by the time I was done, I had collected nine academic degrees, traveled to more than 50 countries, served on the Kansas City Council, been appointed to the Missouri Housing Development Commission by the governor, joined the boards of a bank, a university, and a national development company, and built a real estate advisory firm that operates across multiple states. Savoy Magazine named me among the Most Influential Black Executives in Corporate America in 2020 and again in 2022. Ingram's Magazine put me on their list of 50 Missourians You Should Know in 2015. I am telling you this not to impress you but to establish a fact: the trajectory from public housing to national recognition is documented. It is not a claim. It is a record. The Arc Nine degrees sounds excessive until you understand the logic. Each degree opened a door that the previous one could not. A bachelor's degree got me into law school. Law school gave me the tools to understand policy. A master's in public administration taught me how government actually works from the inside. An MBA taught me how capital flows. A doctorate gave me the credibility to teach at a university. Every credential was a strategic investment in the next phase of the work. People ask me why I kept going back to school. The answer is simple: every time I reached the next level of my career, I discovered that I needed knowledge I did not yet have. When I entered government, I needed to understand public administration. When I started doing development deals, I needed to understand finance. When I wanted to teach at a university, I needed the terminal degree. Education was never the goal. It was always the tool. The Kansas City Council taught me how cities make decisions. Chairing the Planning, Zoning, and Economic Development Committee showed me the full machinery of urban development: the politics, the financing, the community dynamics, and the trade-offs that nobody talks about publicly. Every major development project in Kansas City crossed my desk. Every zoning change. Every tax abatement. Every TIF district. I saw how the system worked from the inside, and that education was more valuable than any degree. The Missouri Housing Commission taught me how states allocate Low Income Housing Tax Credits. As a commissioner appointed by Governor Jay Nixon, I sat on the other side of the table from the developers who submitted applications. I evaluated their proposals. I participated in discussions about which projects deserved limited state resources. That experience is available from almost nobody in the private sector, because almost nobody in the private sector has served as a housing commissioner. Traveling to 50 countries was not tourism. It was education. I studied housing systems in Europe, urban planning models in Asia, community development approaches in Africa and Latin America. In Cuba, I studied a healthcare delivery model that puts a doctor in every neighborhood, and I brought that concept back to Kansas City, where it eventually influenced our approach to co-locating healthcare with affordable housing. Every country taught me something. Every lesson informed the work. Why I Built The Nash Group After years in government and education, I understood something that most people in this field do not: the gap between policy and execution is where communities get hurt. Policies exist. Funding exists. Tax credits exist. But the people who can actually structure a deal, navigate the politics, manage the construction, and deliver housing that serves the community are rare. There are plenty of policy experts who cannot execute. There are plenty of builders who do not understand policy. There are plenty of consultants who have never served in government. The Nash Group exists because I have done all three, and I built a firm that brings all three capabilities to every project. We do not just advise. We develop. We do not just develop. We teach. The Lewis White Real Estate Center at UMKC, where I serve as director, trains the next generation of real estate professionals using the same principles that built the firm. That is not a side project. It is core to the mission, because the problems we work on will outlast any individual career. What This Story Means For You If you are a prospective client evaluating whether to work with us, here is what my story tells you: I have been on every side of this table. I have been the resident who needed housing. I have been the elected official who voted on housing policy. I have been the commissioner who allocated tax credits. I have been the developer who built the housing. And I have been the professor who teaches others how to do it. That is not a typical resume in this industry. Most people know one side. I know all of them. And that knowledge shows up in every project we touch, because we understand not just what needs to be built but why it matters and who it serves. When we sit across the table from a housing finance agency, we understand their perspective because I have been a commissioner. When we engage with a city council on an entitlement approval, we understand the political dynamics because I chaired the committee that made those decisions. When we structure a capital stack, we understand the investor's requirements because I have an MBA and have closed these deals myself. When we engage with community residents, we understand their concerns because I grew up in public housing and I have lived in the conditions that bad housing creates. The kid from Section 8 did not forget where he came from. He turned it into a career that has generated hundreds of millions of dollars in community investment across multiple cities. That is the power of refusing to accept your starting point as your endpoint. Thirty years. Nine degrees. Fifty countries. And it all started in public housing in Kansas City. ================================================================= THEME 2: AFFORDABLE HOUSING DEVELOPMENT =================================================================
By Troy Nash March 19, 2026
People always want to know how I got here. They see the degrees, the developments, the board seats, and they assume there was some master plan. There was not. What there was, at the very beginning, was a kitchen table and a set of circumstances that demanded I do something about them. In 1995, I was 25 years old, a law student at the University of Missouri-Kansas City, living with my wife Sherrie in a house on Charlotte Street near Brookside. My three older brothers — Harvey, Daryl, and Todd — were smart men with no credentials and no clear path forward. They had the ability but not the access. Nobody had shown them how to navigate the system that separates people who can from people who do. I decided that if nobody else was going to do it, I would. Every Saturday at 10 a.m., we held a formal meeting at my house. I sat at that kitchen table and worked with all three of my brothers. We went through the material together. We talked about what college actually was, what it required, and what it could open up. The brothers all wore ties. They rose when they spoke, observed parliamentary procedure, and referred to one another by formal titles. It was not some grand philanthropic project. This was family. These were my brothers, and they were too talented to stay where they were. There is a particular kind of frustration that comes from watching people you love operate below their potential. Not because they are lazy or incapable, but because nobody ever sat them down and said: here is how this works. Here is what you need to do. Here is the path. My brothers had spent their entire lives in a system that was not designed to show them that path. The schools they attended were underfunded. The neighborhoods they grew up in were disinvested. The message they received from every institutional interaction was that people like them did not go to college. I rejected that message. And then I spent months proving it wrong, one brother at a time. One by one, each of them enrolled in college. The conversations were not always easy. When you are an adult who has been out of school for years, the idea of going back feels impossible. You feel too old. You feel too far behind. You feel like the opportunity has passed. My job was to break through that feeling and replace it with evidence: here is the application. Here is the financial aid form. Here is the course catalog. You can do this. I will help you. My mother watched her sons transform their lives, and then she did the same thing. At 55 years old, my mother earned her GED. She looked at what her boys were doing and decided she was not going to be left behind. That is the most powerful thing I have ever witnessed in my life. A woman who had spent decades raising children in public housing, who had every reason to believe that her own educational moment had passed, looked at her sons and said: if they can do it, so can I. She was right. Why This Matters I tell this story not because it makes for a good profile piece, although it does. I tell it because it explains everything that came after. Every development I have built, every policy I have fought for, every classroom I have taught in comes from the same impulse that put me at that kitchen table: if the people around you have the ability but not the access, you create the access. This was not about charity. It was about refusing to accept that my family's circumstances were permanent. The housing projects where I grew up taught me that systems create conditions, and conditions shape lives. But they also taught me that individuals can break those conditions if somebody shows up with a plan and the willingness to execute it. My brothers did not need saving. They needed a bridge. That is the same thing I have spent the last 30 years building for communities across this country. Different scale, same principle. The parallel to affordable housing development is direct. When we build housing in an underserved neighborhood, we are not rescuing the community. We are providing infrastructure that allows the talent and determination that already exists in that community to flourish. The families who move into our developments are not charity cases. They are people who need a bridge between where they are and where they want to be. Quality, affordable housing is that bridge. The same is true of the policy work. When I sat on the Kansas City Council and fought for investment in East Side neighborhoods, I was not arguing that those neighborhoods were helpless. I was arguing that they deserved the same public infrastructure that the rest of the city took for granted. The people were capable. The systems had failed them. The Lesson When people evaluate The Nash Group, they are evaluating whether we actually care about the communities we serve. I understand that skepticism because I have seen plenty of developers who treat affordable housing as a transaction. Build the units, collect the credits, move on. That is not us. Our commitment to community transformation predates the company. It predates my career. It started at a kitchen table in Kansas City with a 25 year old kid who refused to watch his brothers get left behind. My mother earning her GED at 55 proved something I have believed ever since: it is never too late, and nobody is beyond reach. That conviction shows up in every project we take on. When we build housing in a neighborhood that has been disinvested for decades, we do not just build units. We build the infrastructure that lets people reach for something better. The Kansas City Star covered this story in 1995, back when I was just getting started. They saw a young man helping his family. What I see, looking back, is the foundational act that defined everything. If you can change your family, you can change a block. If you can change a block, you can change a neighborhood. If you can change a neighborhood, you can change a city. That is not a slogan. That is a 30 year track record. And it started with three brothers, a kitchen table, and a refusal to accept that where you start is where you finish.
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