RangeWater Real Estate
WINNER: Multifamily Development Firm of the Year
Location: Atlanta, GA
CEO/Principal: Steven Shores
About RangeWater Real Estate
A fully integrated multifamily real estate company, RangeWater Real Estate, founded in 2006, has grown across the Sunbelt into 98 cities in 11 states, with 68,000 multifamily units developed or managed in a balanced portfolio. RangeWater is inspired by building an incredible home for its residents and an incredible company for its employees.
As trusted leaders in the industry for 15 years, the company has raised and managed funds for direct investment in real estate and has a portfolio that exceeds $5.4 billion. Its mission is to create fulfilling experiences for its residents, employees, investors, vendors and anyone who comes across its path. Its reputation, high employee retention and continued success indicates a magic formula.
In 2017, the company promoted its co-founder Steven Shores to president and CEO and Michael Blair to Chief Operating Officer. Together with Executive Managing Director Tracy Bowers, RangeWater’s management team is leading the company to significant growth and innovation in its industry, and it has become a sought-after multifamily partner.
In 2019, the company rebranded from Pollack Shores and Matrix Residential to RangeWater Real Estate to better reflect its aspirations, values and goals. It develops properties in the fastest-growing areas in the Sunbelt with a strong demand for housing, which creates value for its investors. The company is active in Atlanta, Orlando, Tampa, Jacksonville, South Florida, Raleigh, Montgomery, Birmingham, Charlotte, Charleston, Dallas, Austin, San Antonio, Nashville, Richmond, Denver, Boulder, Mesa and Scottsdale.
The company launched two new divisions to reflect where its industry is headed. Storia is its ground-up single-family rental division, and its plans call for an $800 million investment in this segment. Olea is the company’s age-targeted division, with two active lifestyle communities already open on Florida’s east coast and more sites identified for 2021 development.