SOURCE: Wood Partners

Wood Partners

February 10, 2015 13:22 ET

Wood Partners Ranks Fourth Among Top Commercial Development Firms in the United States

With $2 Billion Worth of Multifamily Real Estate Under Construction and 60 Assets in the Pipeline, the Firm Is Expanding Nationwide

ATLANTA, GA--(Marketwired - Feb 10, 2015) - With $2 billion worth of multifamily communities under construction across the country, Wood Partners, L.L.C now ranks fourth on the 2015 Commercial Property Executive (CPE)/Multi-Housing News (MHN) list of the top commercial real estate development firms. This prestigious list includes the top 25 office, retail, multifamily and industrial developers in the United States.

Wood Partners, which has developed and acquired more than $4 billion worth of multifamily real estate across the country in the past four years, has been recognized as one of the nation's top development firms every year since 2010. The company is pursuing more than $1.5 billion of new development and acquisition opportunities in 2015.

In 2010, Wood Partners successfully launched an in-house property management company to diversify its platform. Wood Residential Services now manages 30 properties across the county.

"I am very proud of our impressive and deep team as we continue to carefully manage our very high-quality pipeline across the country," said Wood Partners CEO Joe Keough. "Apartment operating fundamentals continue to be some of the strongest we have ever seen, and our outlook for 2015 development activity is very positive."

According to the CPE/MHN survey, multifamily development accounted for 39 percent of the 120.7 million square feet of space, which is valued at more than $25 billion. Office development ranked second with 34 percent. Trammell Crow Co., Hines and Duke Realty were the top three development firms in this year's survey.

The survey asked developers about current and future plans, levels of investment in each proposed project, preferences in location, property types and anticipated results. The 2015 survey reports that the strongest firms have a large national presence, diversified investment sectors and aggressive plans for the future.

Wood Partners, which recently opened new offices in Manhattan, Chicago and Austin, currently has 60 assets in the pipeline across the country.

CPE is the leading integrated resource for executives and companies that own, invest in, develop, lease and/or manage commercial real estate. MHN provides leaders of the multi-housing industry with the most current and complete news, information and analysis to help these leaders run their businesses more efficiently and profitably.

About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 53,000 homes with a combined value of more than $8.3 billion nationwide. The company currently owns more than 75 properties with a combined total of 21,000+ units. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Baltimore, Delray Beach/South Florida, Boston, Charlotte, Chicago, Dallas, Denver, Houston, New York, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our website, www.woodpartners.com and follow our social media accounts, Twitter, Facebook, LinkedIn and Apartment Life Blog.