October 18, 2021
The Multifamily Firm’s Top 7 Multifamily Builders & Property Developers in Tampa
Tampa’s multifamily market is among the most active markets in the country with a number of real estate companies and contractors specializing as multifamily builders. Multifamily.loans ranked Tampa / St Petersburg as the #4 market in the nation for apartment building investments. Additionally, Florida is in the Top-10 for Population Growth by State in the USA with a population of over 21.5 million and a 14.56% population growth since 2010.
In order to meet the demand of investments and population growth in the area, there are several real estate construction and general contractor companies that specialize as multifamily builders in Tampa. The Multifamily Firm put together a running list of the top multifamily construction companies in the area. All of the companies have several branches of operation that offer a wide range of real estate services beyond real estate development. The Top Multifamily Builders in Tampa 2021 are:
– Altis Cardinal
– Bainbridge Development
– Benderson Development
– Beneficial Communities
– Continental Properties
– Cortland Properties
– Richmond American Homes
1) Altis Cardinal
Altis Cardinal is a Miami-based real estate firm that was founded in 2009. Altis Cardinal’s experience covers the full spectrum of the real estate field; however, the company focuses on development and acquisition opportunities of real estate assets across various asset classes. Altis Cardinal provides management, realty brokerage and construction management services in-house. Altis Cardinal’s principals boast a wealth of experience in the real estate field, including the development, acquisition and management of over 1.5 billion dollars of real estate assets in the state of Florida and across the nation.
Their full spectrum of services and expertise includes the capacities of an investment firm, a real estate brokerage, a general contractor, legal experts, and property management. Furthermore, when the debt crisis struck the nation in the late 2000s, Altis acquired and repositioned assets, which contributed to several neighborhoods’ positive turnarounds.
Altis Cardinal Address:
901 Ponce de Leon Blvd Suite 401
Coral Gables, FL 33134
2) Bainbridge Development
Founded in 1997, The Bainbridge Companies is a leading owner, developer and manager of luxury multifamily apartment communities in the Eastern United States. While based in Wellington, Florida, it also has offices in Atlanta, Austin, Bethesda, Dallas, Orlando, Raleigh and Tampa. The Bainbridge Companies is a fully-integrated family of real estate companies providing the following services: construction, development, renovations, property management, asset management and investments.
The Bainbridge principles have developed, redeveloped, and/or repositioned more than 35,000 multifamily apartment and condo units. Brainbridge manages, develops, and invests in apartment communities that are complete experiences, where people are free to pursue better lives. From New York to Miami and beyond, they create places where residents feel equally at home and inspired.
Bainbridge Development Address:
12765 W. Forest Hill Blvd Suite 1307
Wellington, FL 33414
3) Benderson Development
With over 60 years experience, Benderson Development is one of America’s largest privately held real estate companies. During this time, Benderson Development Company has engineered growth through innovation, insight and determination.
Benderson owns and manages over 700 properties encompassing over 40 million square feet in 38 states. The diverse Benderson portfolio includes retail, office, industrial, hotel, residential, and land holdings. Benderson Development has several arms of business, including Leasing Benderson Development and Construction Benderson. Construction Benderson staffs its own construction and general contractors division complete with engineers, architects, draftsmen, project managers, and supervisors. These specialists work with contractors to make sure each project is done effectively, on time and within budget.
Benderson Development Address:
7978 Cooper Creek Boulevard Suite 100
University Park, Florida 34201
4) Beneficial Communities
Beneficial Communities is more than your average real estate development company. They build market-rate rental housing communities and work with contractors to provide an array of amenities for those who want – and can afford to pay – more. They turn former steel mills and designated brown fields into cherished senior communities in challenging markets facing extraordinary demand. They piece together multiple sources of funding to build dozens of units in underserved rural communities where market rents can’t otherwise support the necessary costs. They build single family housing neighborhoods in rural communities where rental housing is scarce yet sorely needed. These include apartment buildings and other multifamily communities.
In their words, “whether mission-driven, tax-leveraged or market-rate, developing rental housing communities in today’s environment requires highly specialized expertise and refined resources. Beneficial Communities has more than 25 years of real-world, hands-on experience to see these projects from vision to reality” These services include: real estate development, planning, financing, construction and operation. They have relevant experience in developing affordable housing in Florida, while using a wide variety of federal, state and private funding sources. They also provide master planning urban development skills for both family and elderly housing, as well as urban infill redevelopment planning.
Beneficial Communities Address:
2 N Tamiami Trail Suite 800
Sarasota, Florida 34236
5) Continental Properties
Continental Properties was started in 1979, and today, it’s a multibillion-dollar development and property management company with projects across the United States. Continental is one of only a few multifamily construction companies to both develop and operate multifamily communities across the country.
In 1990 they developed their first apartment community, Dale Creek apartments, in Greendale, Wisconsin. A little over a decade later, in the early-2000s, they launched their nationally recognized Springs brand of apartment communities, in Bradenton, Florida.
Continental Properties develops, owns and operates high-quality apartment, retail, and hospitality real estate nationwide. It’s also a national developer, owner and operator of apartment home properties across the country. Continental’s apartment communities are designed to create neighborhoods with townhome-style apartment buildings and park-like settings in suburban locations.
Continental Properties Address:
W134N8675 Executive Parkway
Menomonee Falls, WI 53051
6) Cortland Properties
Cortland was founded in 2005 with a focus on multifamily development in Atlanta. During the economic downturn in 2008, they shifted their focus from developing communities to acquiring and renovating existing multifamily communities – all with a vision to challenge the conventions of the traditional multifamily industry through better living spaces and experiences. By 2011, they owned and managed 5,000 apartment homes and meaningfully accelerated their plans to build a company that could deliver unique value to both their residents and partners.
They have become a global, integrated multifamily investment, development, and management firm focused on delivering resident-centric, hospitality-driven apartment buildings and living experiences. They are one of the largest multifamily firms in the US, and considered the “Top Brand Performer” for online reputation among property management companies (Reputation.com, 2020), and a Great Place to Work-Certified™ Company (2020).
Cortland Properties Address:
3424 Peachtree Rd NE Suite 300
Atlanta, GA 30326
7) Richmond American Homes
Richmond American Homes is a subsidiary of M.D.C. Holdings. The first single-family home Richmond American Homes ever built was completed in 1977 in Denver, CO. That means they’ve been making the American Dream come true for homebuyers for over 40 years. The Richmond American subsidiaries have since constructed more than 210,000 homes, condos, apartment buildings, and multifamily communities nationwide.
What sets them apart from other national multifamily builders? They credit their successes to the dedicated employees and real estate experts who wholeheartedly embrace the mission: making the dream of homeownership a reality for families across the nation.
The Richmond American Homes companies’ parent corporation, M.D.C. Holdings, Inc., is listed on the New York Stock Exchange under the symbol “MDC.” M.D.C.’s subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company.
They have developed real estate properties (residential homes, apartment buildings, etc) in the following states: Arizona, California, Colorado, Florida, Maryland, Nevada, Oregon, Utah, Virginia, Washington
Richmond American Homes Address:
4350 South Monaco Street
Denver, CO 80237