Cortland is a global, integrated multifamily real estate investment, development, and management firm dedicated to delivering resident-centric, hospitality-driven apartment living experiences. Founded in 2005 and headquartered in Atlanta, Georgia, Cortland has grown to become one of the largest multifamily firms in the United States. The company's mission is to create superior living spaces and experiences that inspire residents and associates to focus on what matters most to them.
Cortland's strategic focus encompasses a vertically integrated approach to multifamily real estate, covering investment management, design, construction, renovation, and operations. This comprehensive model allows the company to control nearly every aspect of the resident living experience, aiming to maximize value for investors and enhance resident satisfaction. Cortland targets high-growth metro and suburban areas, leveraging proprietary data analytics and a deep local presence to identify and capitalize on market opportunities.
As of January 1, 2025, Cortland manages a portfolio comprising 244 real estate assets, totaling 78,119 multifamily units across 26 U.S. markets. The gross real estate value of these assets is approximately $20.3 billion. The company's integrated business model and strategic market selection have contributed to its robust financial performance.
Cortland's development pipeline includes value-add renovations, core-plus acquisitions, and new developments. Notable projects include Cortland North Plano in Dallas/Ft. Worth, a value-add renovation; Cortland Biltmore in Phoenix, a core-plus acquisition; and Cortland ChampionsGate in Orlando, a new development. These projects reflect the company's commitment to enhancing and expanding its portfolio to meet diverse resident needs.
Cortland differentiates itself through its proprietary technological platforms and innovative approaches. The company has developed in-house revenue management software, allowing for independent pricing strategies without relying on external, non-public data sources. This proprietary tool underscores Cortland's commitment to innovation and operational excellence.
The leadership team at Cortland comprises experienced professionals dedicated to driving the company's mission and strategic objectives:
- Steven DeFrancis, Chief Executive Officer: Founder of Cortland, leading the company's strategic vision and growth.
- Jason Kern, President of Investment Management: Oversees investment strategies and portfolio management.
- Mike Altman, Chief Investment Officer: Responsible for investment decisions and capital allocation.
- David Dickson, Chief Financial Officer: Manages the company's financial operations and strategy.
- Corey May, General Counsel: Leads the legal department, ensuring compliance and managing legal affairs.
- Jan LaChapelle, Executive Vice President, Head of Debt Capital Markets: Oversees debt financing strategies and relationships.
- Max Rothkopf, Executive Vice President of Investments & Capital Markets, Portfolio Manager: Manages investment portfolios and capital market activities.
- Chelsea Holder, Head of Investor Relations: Manages relationships with investors and communicates financial performance.
- Cassandra (Cass) McFadden, Vice President, Global Head of Sustainability: Leads sustainability initiatives and ESG practices.
- Kyle Bateh, Executive Vice President of Investments, Co-Portfolio Manager: Oversees investment strategies and portfolio management.
- Michael Kolshak, Executive Vice President of Investments, Co-Portfolio Manager: Manages investment portfolios and strategic initiatives.
Cortland operates in a competitive multifamily real estate market characterized by significant growth potential and evolving industry trends. The company's primary competitors include:
- UDR: A real estate investment trust (REIT) specializing in the development, acquisition, and management of residential properties.
- Alliance Residential: A leading developer, builder, and manager of residential communities across the United States.
- ConAm: A full-service real estate management and investment firm focusing on multifamily housing.
- Bell Partners: A real estate investment and management company specializing in the acquisition and management of residential communities.
These competitors focus on various aspects of multifamily real estate, including development, acquisition, and property management, contributing to a dynamic and competitive landscape.
Cortland has established significant collaborations and partnerships to strengthen its market position and innovation capacity. The company's integrated business model includes in-house divisions such as Cortland Build and Cortland Design, which specialize in construction and interior design, respectively. Additionally, Cortland operates a build-to-rent management and development platform in the UK, expanding its international presence.
Cortland's strategic roadmap focuses on expanding its portfolio through value-add renovations, core-plus acquisitions, and new developments in high-growth markets. The company's vertically integrated model and resident-centric approach position it to capitalize on emerging opportunities and set new standards in the multifamily real estate industry.
For more information, visit Cortland's official website.
