Overview
Buckingham Companies is a privately held, comprehensive real estate investment firm headquartered in Indianapolis, Indiana. Since its inception in 1984, the company has grown significantly, with operations spread across nine U.S. states. The company manages a portfolio valued at over $3 billion and employs more than 400 individuals. Specializations include property management, real estate development, construction, investment, luxury apartments, ESG practices, philanthropy, mixed-use development, land acquisition, and sustainability.
Leadership Team
- Brad Chambers, Founder & CEO: Started Buckingham Companies and has directed its strategic growth, overseeing investments exceeding $3 billion.
- W. Jeffrey Beckham, Chief Investment Officer: Guides investment strategy and manages portfolio and capital allocation. Has over 25 years of experience with multifamily assets combined valued over $20 billion.
- Chris Myrvold, CFO & Head of Real Estate: Oversees accounting and strategic planning, playing a key role in over $3 billion in real estate transactions.
- Kristie Arnst, Executive Vice President: Leads residential and commercial property management, offering 15 years of experience in multifamily housing.
- Ian Bingham, SVP, Business Development: Directs efforts to achieve investment objectives for third-party partners with vast experience across multifamily, student housing, affordable, and BTR sectors.
Recent Projects
- Muse at The Corner: A mixed-use development located in Carmel, Indiana. Scheduled for completion in 2024.
- Plat 4 at Research Triangle: Residential community in Durham, North Carolina, expected to complete in 2024.
- Aertson Midtown: Mixed-use destination in Nashville, Tennessee, completed in 2017.
- Library Square: A mixed-use neighborhood situated in Indianapolis, Indiana, completed in 2018.
- CityWay Phases I & II: A prominent 10-acre mixed-use development in downtown Indianapolis, completed in 2013 & 2019.
Strategic Initiatives
Buckingham Companies focuses on expanding its third-party management portfolio through projects like Villages at Almand Creek, emphasizing strengthening investor alliances for superior property management performance. Their strategic direction is geared towards value-add investments to enhance asset value, engaging in real estate activities across development, acquisitions, and financings that exceed $3 billion.
Company Culture
The company prioritizes a culture of cooperation, creativity, and growth, recognized as a 2024 Best Places to Work in Indiana. Emily Davis, VP of Human Resources, underscores the importance of fostering an empowering and growth-oriented environment for employees, promoting a diverse and inclusive culture focused on creativity and collaboration.
For more information, visit their [website](http://buckingham.com/) or [LinkedIn](https://www.linkedin.com/company/buckingham-companies).
Competitor Analysis
Key Competitors
1. Maronda Homes
- Founded: 1972 by William J Wolf.
- Industry: Real Estate, emphasizing new home construction.
- Headquarters: Imperial, PA.
- Size: 501-1,000 employees.
- Specialties: Single-family homes, townhomes, with a focus on new homes for first-time and move-up buyers.
- Commitment: Quality construction and community programs via the Maronda Foundation.
Website: [Maronda Homes](https://www.marondahomes.com/)
2. Cardinal Group
- Location: Denver, Colorado.
- Core Competencies: Offers real estate investment, property management, development, construction, and marketing services. Primarily targets student communities and multifamily housing.
Website: [Cardinal Group](https://cardinalgroup.com/)
3. Madison Marquette
- Headquarters: Washington, DC.
- Specialization: Investment, management, and development of mixed-use real estate including retail, office, and multifamily spaces, with over 30 years of expertise.
Website: [Madison Marquette](https://madisonmarquette.com/)
4. AvalonBay Communities
- Focus: As a leading multifamily REIT, it focuses on developing and managing apartment homes.
- Headquarters: USA.
- Key Focus: Providing risk-adjusted returns through strategic real estate management.
Website: [AvalonBay Communities](https://www.avaloncommunities.com/about-us/)
5. CBRE Group
- Global Influence: Operates in over 100 countries, providing extensive commercial real estate services.
- Market Position: Recognized as the largest commercial real estate services provider globally, offering leasing, property sales, and real estate investment banking.
Website: [CBRE](https://www.cbre.com/about-us)
Additional Insights
Buckingham Companies contends with a competitive landscape influenced by major players, each possessing unique strengths. Companies like Maronda Homes prioritize new builds and customer satisfaction, while Cardinal Group and Madison Marquette leverage diverse real estate investment strategies. AvalonBay and CBRE maintain substantial market shares through investment trusts and broad service offerings, respectively. Understanding these competitors aids in strategic positioning and gaining a competitive edge in the real estate market.
