Company Growth

• Redwood added more than 1,400 new, single-story apartment homes in neighborhoods throughout 2020. Redwood now operates more than 13,000 apartments in more than 100 neighborhoods throughout Ohio, Michigan, Indiana, Iowa, North Carolina and South Carolina.
• Redwood welcomed new team members, which included corporate and neighborhood personnel, along with a substantial expansion of its construction division.
• In 2020, Redwood built its futuristic corporate headquarters in Independence, Ohio. The 32,000-square-foot office is located west of Redwood’s previous location and offers a safe and smart environment for the company to elevate its community and people-centric culture.
• After gathering feedback on work/life balance, Redwood responded with a number of added benefits for Redwood employees, including paid parental leave for all employees (regardless of gender), along with additional paid holiday, jury duty and bereavement days.

Special Recognition

• In a unified effort to inspire positivity and hope, Redwood created its Reaching Residents program, gifting a total of $15,000 to deserving residents adversely impacted by COVID-19. Redwood team members were invited to nominate a resident in need – once all stories were judged (the Redwood selection committee received more than 200), 30 residents were selected, and each received a $500 Visa gift card.
• For the third consecutive year, Redwood was Great Place to Work-Certified™, validated by employee feedback on workplace culture and employee experience.
• Redwood was also awarded a Top Workplaces honor for the third consecutive year by The Plain Dealer. Redwood ranked 16th in the midsize company category. The 2020 list is based solely on employee feedback gathered through a third-party employee engagement survey.

More Choices & Benefits for Residents

• For extra peace of mind during this uncertain time, Redwood launched the 30-day Redwood Guarantee. If a new resident in one of Redwood’s neighborhoods changes his/her mind about living in their new apartment, that resident has 30 days to break the lease – no questions asked.
• Redwood further enhanced its lease offering with a new, 24-month option, a rare opportunity in the multifamily industry. To best accommodate varying lifestyles, residents can now choose from a variety of long- and short-term options, ranging from six to 24 months.
• It’s now easier than ever to tour a Redwood apartment. Residents can choose from virtual, in-person or contactless tours, depending on their needs, circumstances and comfort level.
• Redwood is recognizing its residents that are first responders, active military personnel and veterans with a best-in-class savings program. They also enhanced perks for those who are employed at a preferred employer, are a returning resident or a qualified vendor partner. 

Looking ahead to 2021, Redwood’s plans call for continued growth and expansion, with the addition of new apartment homes in current and new suburban markets.