WELLINGTON, Fla., Jan. 10, 2017 /PRNewswire/ -- The Bainbridge Companies, a leading owner, developer and manager of luxury multifamily communities in the eastern U.S., today announced that its management portfolio now exceeds 20,000 units.
The company, which develops, builds, acquires and repositions high-end residential and commercial properties, was founded in 1997, and now manages approximately 23,000 apartment homes with another 2,000 currently under development.
"We develop and manage the highest quality living experiences featuring the latest innovations in technology, communication and architecture in the popular markets our communities serve," said Seth Kalinsky, president of property management for Bainbridge. "The 23,000-unit milestone not only validates our strategic direction, but also proves that the demand for quality amenities, finishes and living experiences continues to thrive. The relationships that we've created and fostered over the years have made this milestone possible. Through great partners and the steady in-house development of new communities, we've been able to achieve this important accomplishment."
Bainbridge has developed, acquired and managed apartment communities in some of the best markets in Southeast and Central Florida, the Carolinas, New York, the Mid-Atlantic and Washington, D.C. Among the company's most recent development completions and starts include Bainbridge 3200 (228 units, Suffolk, VA), Bainbridge Jefferson Place (228 units, Frederick, MD), Bainbridge Shady Grove Metro (417 units, Rockville, MD), Bainbridge Coral Springs (250 units, Coral Springs, FL) and Bainbridge Brandon (450 units, Brandon, FL).
According to Kalinsky, strong executive leadership also has been one of the most important foundations of the company's growth. "It really starts with our corporate leadership. From our CEO, Richard Schechter, on down, our executives are industry experts. To have them in-house and to be able to do everything - from management to construction to asset management - makes us more nimble than other companies. It's been a competitive strength as we've grown."
As Bainbridge's portfolio has expanded over the years, the company has made it a point for its leadership team to maintain a hands-on approach with its portfolio.
"As we grew, it was challenging to make sure we didn't get so big that we weren't able to be detail-oriented in our operations," Kalinsky said. "Every employee adds value to our company, our ROI and our customers. We've had the bench strength to grow our company but we wanted to do it in a way where we don't lose our personal touch."
Although the majority of its portfolio is located in Mid-Atlantic and Florida markets, Bainbridge has begun its expansion into additional markets along the East Coast and the Carolinas. Its Bainbridge Signature Communities will deliver Class A communities to urban core markets, providing exceptional living environments for residents.
About The Bainbridge Companies, LLC
The Bainbridge Companies is a leading owner, developer and manager of luxury multifamily apartment communities in the Eastern United States. Founded in 1997, Bainbridge is a fully integrated family of real estate companies engaged in the development, construction, management and acquisition of residential and commercial real estate. Bainbridge is headquartered in Wellington, Fla., and Bethesda, Md., with regional offices in Raleigh, N.C., Orlando, Fla., and the New York Tri-State area. Our team consists of over 600 passionate professionals across our offices and portfolio.
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SOURCE The Bainbridge Companies