New BTR Neighborhoods Across the Midwest & Carolinas 

Redwood officially welcomed its first residents in the state of Nebraska, opening Redwood Bellevue South 25th Street, which is located about 15 minutes south of Omaha. 

“We’re excited about the greater Omaha area and the broader state of Nebraska,” Kimmelman said. “We see significant opportunity to bring our unique model of single-story apartments to a growing area with a strong business community and excellent quality of life.” 

Redwood also continues to build on its significant presence in Ohio, opening new neighborhoods from north to south, including the visitor destination of Sandusky on Lake Erie, West Jefferson in the greater Columbus area and Redwood Cincinnati Pippin Road on the north side of Cincinnati. 

Other new neighborhoods include two in the greater Chicago area, one east of Indianapolis and two in North Carolina. 

“We’re very selective about our geographies and excited by every one of our new markets,” Kimmelman said. “These are outstanding sites surrounded by amenities that will create the comprehensive lifestyle Redwood is committed to delivering.” 

Looking forward, Redwood has a robust pipeline of projects in development, with openings scheduled throughout the remainder of 2024 and into next year. 

Portfolio Growth, Solid Occupancy 

Redwood’s portfolio now encompasses more than 18,000 apartment homes developed and under management. 

“It’s our goal to not only grow our presence and market share but maintain our reputation as a best-in-class developer and operator,” Kimmelman said. 

“We strategically select our locations, invest in high-quality neighborhoods and the talent to manage them, and view ourselves as a long-term operator. That’s reflected in our steady and stable portfolio growth.” 

Redwood’s footprint includes almost 150 neighborhoods in nine states, supported by a team of more than 600 employees. 

The Redwood portfolio also continues to report solid occupancy, averaging 94.75 percent across its stabilized properties as of August 14, 2024. 

“We strive to be the neighborhood of choice in the communities we serve, and we’re seeing a strong blend of both new residents and renewals, continuing our tradition of exceptional resident retention,” Kimmelman said.

Redwood in the News 

Redwood’s success and expertise is making headlines nationwide. 

The first half of 2024 drew more than 30 significant pieces of media coverage, resulting in millions of impressions and highlighting everything from its new neighborhoods to thought leadership in the build-to-rent industry. 

Coverage has extended from local media outlets in Redwood markets to trade media such as GlobeSt, ConnectCRE, REBusinessOnline.com, and MultifamilyBiz.com. 

Media with broad reach such as Yahoo News and AOL have picked up local coverage and helped amplify Redwood’s reach. 

In addition to highlighting its developments and industry expertise, Redwood has been able to feature its employer recognition and community involvement in these news articles.

“We have a powerful story at Redwood, and we’re grateful so many media outlets have taken interest in sharing it,” Kimmelman said.