Chicago, IL, December 5th, 2019 – Redwood Capital Group, LLC, a Chicago-based multi-family investment advisor, has announced the hire of Ryan Steppe as Vice President, Acquisitions. His responsibilities will include oversight of all transactions throughout the southeastern region of the United States, including acquisitions and dispositions. Ryan’s specific geographic territory will include North Carolina, South Carolina, Alabama, Georgia and Florida.
Mr. Steppe will join other corporate employees of Redwood’s affiliated property management company, Redwood Residential, to establish the Atlanta office; the firm’s first regional office outside its Chicago headquarters.
“We are expanding our corporate footprint because we expect sustained growth in net in-migration and job creation resulting in subsequent apartment demand not only in Atlanta but also across the Southeast,” said David Carlson, Managing Director and Co-Founder of Redwood Capital Group. “In addition, we believe a decentralized organizational structure will facilitate greater access to deal flow, resulting in an increase in the number of transactions consummated in this heavily competitive market,” added Mr. Carlson. “Ryan Steppe’s track record of executing multifamily investments across the southeast makes him the perfect person to lead our expansion in the region.”
Ryan Steppe has 20 plus years of experience in commercial property investment and finance, facilitating in excess of $1 billion in transactions. In the five years prior to joining Redwood, he launched the southeast office for Martin Fein, and expanded the Broadstone Real Estate apartment portfolio across the same region. Mr. Steppe also previously served as Vice President and Head of Investment Real Estate Portfolio Management at Assurant, Inc.
About Redwood Capital Group, LLC Redwood Capital Group, LLC is a Chicago-based real estate investment firm founded in 2007 by David Carlson and Mark Isaacson. The company is focused on value-add and core-plus investments in primary urban and suburban markets across the U.S., primarily in the Midwest, Southeast, and Southwest. Redwood’s mission is to be the foremost choice for institutional and private equity in pursuit of strategic multifamily investment. Redwood is located at 1 E. Wacker Drive in Chicago. For more information, visit www.redwoodcapgroup.com or call 312.995.7300.