The Commercial and Residential Real Estate Division acquires non-residential property for business purposes, including development and redevelopment of luxury mixed-use real estate in high density, ethnically and culturally diverse urban communities. These projects encompass a mix of property types, including large master-plan communities, multifamily, retail, office, and hospitality projects in selected high-barrier markets.

Our urban in-fill focus is driven by the demand for new real estate developments in supply-constrained urban markets with strong job growth dynamics and a seemingly insatiable desire for a connected urban lifestyle. 

 Large urban markets and sub-markets are typically characterized as having several economic advantages over both smaller metro areas and suburban submarkets, including: 

• Superior access to highway systems and mass transit
• Highly liquid real estate market and valuation premiums
• Consistently low housing vacancies
• Scarcity of developable land, thereby creating a significant barrier to entry
• More complex and relationship-driven transactions.

With a primary focus on urban living, themes such as cutting-edge design, proximity to transit, access to quality schools, healthcare accessibility, high-energy and culturally active streetscapes, access to walking and biking trails, and sustainability are critical to the success of MRD’s projects.

Existing projects include the markets of Georgia, Alabama, Tennessee, and Florida.