Dive Brief:

• Atlanta-based apartment owner, developer and manager RangeWater has hired Andrew McIntyre to be senior managing director of development as it focuses on expanding into the Mountain West and growing in the Southeast and Southwest. 
• McIntyre, who will have responsibilities from business plan formation through project execution for the entire RangeWater-owned development portfolio, will initially focus on projects in Denver, Phoenix and Salt Lake City.  
• RangeWater currently manages over 93,000 multifamily units across 11 states. “RangeWater is looking to expand its presence in Colorado and Texas [where we currently have two projects in Boulder, one in Denver and just recently, our first in Austin], as well as Salt Lake City and Phoenix,” McIntyre told Multifamily Dive.

Dive Insight:

In his over 20-year career, McIntyre has overseen the construction of more than 3,200 multifamily units and $2.3 billion in development. He has focused on the Washington, D.C. market, handling projects for Bethesda, Maryland-based Combined Properties, Washington, D.C.-based Penzance, Chevy Chase, Maryland-based JBG Smith and Washington, D.C.-based PN Hoffman, now Hoffman & Associates.  

At RangeWater, McIntyre will work with RangeWater’s Executive Managing Director of Development, Brian Oates, on priorities like project planning, resource needs, market and cost trends, risk management, third-party design and builder relationships. In addition, they will handle the overall execution strategy for the company’s portfolio. 

“As we continue to break ground on more communities, Andrew’s expertise will allow us to keep an accelerated pace without compromising excellence in execution,” Oates said in a press release.  “Each deal is unique and requires multiple parties work in unison to achieve success. Andrew’s experience and insight will ensure we stay ahead of market trends, deliver on investor expectations and continue to provide fulfilling experiences to our residents.”  

It isn’t just one thing driving RangeWater to expand. “RangeWater sees opportunities in these markets due to strong job growth, especially in the tech sector, excellent quality of life attributes and interest in these markets from our investment partners,” McIntyre said.

Even with uncertainty in the capital markets and economy, other large developers are also eyeing Western expansion. Cleveland-based developer, builder and manager The NRP Group recently hired Christopher O’Neill as executive vice president of development in Texas to oversee the expansion of its development pipeline in Western markets, including Colorado and Nevada.

NRP currently has a pipeline of approximately 4,045 residences underway in Texas, setting the stage for further expansion. “With our experience in Sun Belt markets throughout Texas and Florida, our expansion into Arizona, Nevada and Colorado felt like a logical decision in our westward growth,” O’Neill told Multifamily Dive. “The demographic trends and product quality in these three markets are a perfect fit within our established model.”

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