Redgate Announces Growth Initiatives in Greater Boston, the Mid-Atlantic and North Carolina
BOSTON, MA / ACCESSWIRE / June 2, 2022 / Redgate, a real estate investment and owner’s representative firm, today announced that it has established offices in Bethesda, MD and Raleigh, NC as its operations expand further in the Mid-Atlantic and North Carolina. The company also announced nine new project managers have joined the firm to help address rapid growth across its three core client categories: institutions, corporations and investors.
The company’s market-centric growth strategy and expertise working with the health care, life sciences, and higher education institutions has driven the company’s expansion into the National Capital region and the ‘Research Triangle’ of North Carolina. These regions are among the most dynamic economies in the country, each innovation hubs for talent, technology and investment.
“Redgate’s corporate growth over the past 12 months has really exceeded expectations and created new opportunities requiring the addition of more top professionals to our team,” said Ralph Cox, a Principal and co-founder of Redgate. “Our Mid-Atlantic practice is expanding rapidly under the leadership of Leif Dormsjo. And new institutional business in the health care and higher education sectors continues to come in thanks to the experience and relationships of Kristi Dowd in Boston.”
In addition to being well positioned for more participation in those robust growth areas of the knowledge economy, Redgate is identifying opportunities in other core business categories such as multi-family residential. The company recently closed on its first such deal in the Carolinas: 300 units to be repositioned outside the urban center of Raleigh.
“Markets that are growing through the booming knowledge economy and other economic initiatives are exactly where we want to be to find new residential opportunities,” said Damian Szary, a Redgate Principal and Co-Founder. “We really like the workforce demographics in the Carolinas and Mid-Atlantic. The amenities and dynamic lifestyles we create with our apartment properties are an excellent fit.”
The new team of project managers will support Redgate’s owners’ representation clients and contribute significantly to the work we do helping institutions, corporations and investors mitigate risk and deliver high-quality projects from concept to completion. The team members will also provide holistic management for Redgate’s own development projects.
Dormsjo, an Executive Vice President and head of Redgate’s Mid-Atlantic practice; and Dowd, a Senior Vice President and Redgate’s Institutional Services Lead, both joined the company in May 2021. Dormsjo has overseen expansion of the Redgate footprint to meet growing client needs in the Mid-Atlantic while focusing on business development, partnerships, talent acquisition and overall corporate strategy. Dowd has successfully led planning and project management for Redgate’s institutional clients, including some of the region’s most recognizable names in health care and higher education.
“This is really following the track of our growth plan. For a company coming out of Boston, we’ve been really growing our Mid-Atlantic business over the last seven to eight years and we’re trying to keep up with that growth by hiring the right people,” said Kyle Warwick, a Redgate Principal and co-founder. “Some of the largest institutional property owners and investors in the Northeast look to us as an extension of their real estate interests.”
At Redgate, we are passionate about creating great places to live and work that energize growth, inspire collaboration and cultivate authentic communities. Active in New England, the Mid-Atlantic and North Carolina, our team has thrived on solving complex real estate challenges since our founding in 2010. Through customized owners’ representation services, Redgate helps corporations, institutions and investors mitigate risk and deliver high-quality projects. As an investment manager, project sponsor and operator, Redgate pursues an opportunistic strategy that delivers attractive, risk-adjusted returns to equity investors in the multifamily, life sciences and industrial real estate sectors in priority high-growth markets. For more information, visit www.redgate-re.com .