Barvin Company Profile

Background

Founded in 2009 and headquartered in Houston, Texas, Barvin is a privately held real estate investment and service company specializing in multifamily properties. The company's mission is to own, develop, and manage properties that endure the test of time and strengthen the communities they serve. Barvin operates in key markets including Houston, Dallas/Fort Worth, San Antonio, Austin, and Atlanta, with a focus on creating communities that enhance the lives of residents and partners.

Key Strategic Focus

Barvin's strategic focus centers on the acquisition, development, and management of Class A multifamily properties. The company employs a data-driven selection process to identify markets with strong job growth and favorable demographics, ensuring long-term appreciation and value creation. Barvin's core objectives include operational excellence, resident loyalty, and sustainable investment strategies.

Financials and Funding

As of 2022, Barvin has more than $850 million in assets under management and has invested over $300 million in equity. The company has acquired and developed over 6,700 units, demonstrating a strong financial foundation and commitment to growth.

Pipeline Development

Barvin has been actively expanding its portfolio through strategic acquisitions and developments. In 2022, the company completed its first ground-up development, Revl Med Center, a 281-unit apartment complex near the Texas Medical Center in Houston. Additionally, Barvin acquired Elan Heights, a 10-story, 326-unit Class A+ multifamily property in Houston's historic Heights neighborhood.

Technological Platform and Innovation

Barvin leverages advanced data analytics to inform its investment decisions, focusing on markets with strong job growth and favorable demographics. The company utilizes performance benchmarking across all operations to drive continuous improvement and value creation for investors.

Leadership Team

Eric Barvin, Founder, Chairman, and CEO

Responsible for strategic planning and growth, overseeing all aspects of the company. Member of the National Multifamily Housing Council, Houston Apartment Association, and the Urban Land Institute. Holds a Bachelor of Arts in International Studies and Economics from Emory University.

Kelli Tomczak, Senior Vice President of Asset Management

Previously served as Chief Administrative Officer for US Residential Group and Resource Residential, and Vice President of Asset Management for Resource Real Estate. Brings extensive experience in asset management and private equity funds.

Tracie Yoder, Senior Vice President of Operations

Held operations leadership roles at Avenue5, US Residential, and Greystar, specializing in pre-development and lease-ups. Brings over 20 years of experience in multifamily operations.

Leadership Changes

In December 2020, Barvin appointed Kelli Tomczak as Senior Vice President of Asset Management and Tracie Yoder as Senior Vice President of Operations. Both executives previously held leadership roles at US Residential/Resource Real Estate and bring extensive experience to Barvin's leadership team.

Competitor Profile

Market Insights and Dynamics

The multifamily real estate market is experiencing significant growth, driven by increasing urbanization and demand for rental housing. Key markets such as Houston, Dallas/Fort Worth, San Antonio, Austin, and Atlanta are witnessing substantial development activities, presenting opportunities for companies like Barvin to expand their portfolios.

Competitor Analysis

Barvin operates in a competitive landscape with several notable players:

Hines: A global real estate investment, development, and management firm with a diverse portfolio, including multifamily properties.

Greystar: A fully integrated real estate company specializing in property management, development, and investment management of rental housing properties.

Crescent Communities: A real estate investment, development, and operations firm focused on mixed-use communities, including multifamily residences.

These competitors have established significant market presence and offer comprehensive services in the multifamily real estate sector.

Strategic Collaborations and Partnerships

Barvin has demonstrated a commitment to strategic growth through acquisitions and developments. The company's acquisition of Elan Heights and the development of Revl Med Center exemplify its proactive approach to expanding its portfolio in key markets.

Operational Insights

Barvin's operational excellence is evident in its data-driven investment strategies and commitment to resident satisfaction. The company's focus on Class A multifamily properties and strategic market selection positions it favorably against competitors. Barvin's culture emphasizes trust, accountability, teamwork, and continuous improvement, fostering a positive environment for employees and residents alike.

Strategic Opportunities and Future Directions

Looking ahead, Barvin aims to continue its expansion in key markets, including Atlanta, Phoenix, Denver, Charlotte, Orlando, and major Texas cities. The company's strategic 10-year growth plan, initiated in 2017, targets the acquisition and development of 16,000 units by 2027. Barvin's focus on markets with pro-business economies, growing job bases, and favorable demographics positions it well for sustained growth and value creation.