RangeWater Real Estate closed out a banner year, achieving significant milestones as it continued its expansion across the Sun Belt and Mountain West. A record 204 communities awarded under the firm’s property management division, alongside 12 new development closings – several of which earmarked as future Build-To-Rent (BTR) neighborhoods and age-targeted communities – and the first in-house construction division groundbreakings all contributed to 2022’s great success.
The year kickstarted with recognition by The National Association of Homebuilders (NAHB). For the second time in company history, RangeWater was named “Multifamily Development Firm of the Year” during the Multifamily Pillars of the Industry Awards in January. RangeWater was also chosen as The Institute of Real Estate Management’s (IREM) 2022 “Innovator of the Year” in October for the firm’s Artist-In-Residence program that supports up-and-coming artists while simultaneously beautifying communities for both residents and local citizens to enjoy.
With more than $1.83 billion of development in the pipeline, RangeWater announced 12 new projects last year in Atlanta, Austin, Bradenton, Charleston, Denver, Fort Worth, Jacksonville, Nashville, San Antonio, Tampa, and other strategic submarkets. The real estate firm also acquired value-add multifamily assets in San Antonio, Sarasota and Atlanta.
Since its inception in 2006, Atlanta-based RangeWater Real Estate, a fully integrated rental housing company, has rapidly expanded across 188 cities in 13 states, where it has acquired and developed upwards of 35,000 rental housing units representing more than $6.62 billion in total capitalization. RangeWater currently manages a portfolio of nearly 100,000 multifamily units and 428 communities.
“As we reflect on our 2022 accomplishments, we are most proud to continue leveraging the insights learned across our disciplines to benefit clients, partners and residents alike,” said Steven Shores,…
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