Middleburg Communities Chief Investment Officer, Kory Geans, will participate in the upcoming Information Management Network’s (IMN) Build-to-Rent (B2R) Virtual Forum on March, 16, 2021. Mr. Geans will speak on the panel titled, Crystal Balling the Future of Homebuilding and the Role of Build-to-Rent, addressing issues regarding industry stakeholders, trends in consumer behaviors driving demand for the product, the outlook for cap rates and insights on deals and activity within the industry. Information and registration can be found here.
Mr. Geans is joining the IMN forum after leading the launch of Middleburg Communities’ The Hamlet™ SFR initiative in September 2020. The Hamlet program is an innovative approach that satisfies the growing demand for single family rental properties in high growth southeastern markets. The company recently finalized a joint venture that seeks to complete the development of more than 6,000 SFR units over the next three years. Middleburg’s’ The Hamlet communities blend the comforts of a single-family home and the welcoming feel of a neighborhood, with the flexibility and ease of maintenance free living. Each location features best-in-class amenities and environmentally friendly design. The Hamlet communities are anticipated to draw interest from current multifamily apartment residents as well as existing single-family home renters and would-be buyers. Building on Middleburg’s proven market strategies, The Hamlet communities are well-located in high job growth Southeastern markets near major arterial highways, grocery, retail, entertainment and healthcare services, quality school districts and job centers. Home designs utilize Traditional Neighborhood Design principles with cottages oriented toward shared outdoor spaces. Sustainability and walkability are emphasized in each community’s design. For more information, visit www.liveatthehamlet.com.
As Chief Investment Officer, Mr. Geans oversees all investment activity from formulation of each strategy through execution and asset management. Since joining Middleburg, Mr. Geans has been responsible for overseeing $300MM of equity investments in both multifamily development and acquisition strategies. Mr. Geans was previously at Grosvenor Group, where the company managed a development pipeline in excess of $2 Billion throughout markets in Canada and the United States. Mr. Geans managed the financial and risk analysis for the existing portfolio as well as joint ventures and new opportunities.
Prior to Grosvenor Group, Mr. Geans worked for Parmenter Realty Partners, a vertically integrated investment manager that operates a series of private equity funds investing in value-add office properties throughout the Mid-Atlantic, Southeastern and Southwestern U.S. Mr. Geans began his real estate career at Penzance, a local Washington, DC real estate operating company investing in both value-add multifamily and office properties exclusively in the Washington, DC MSA.
Prior to beginning his real estate career, Mr. Geans served in the United States Marine Corps in support of both Operation Iraqi Freedom and Operation Enduring Freedom. Mr. Geans is a graduate of The Johns Hopkins University where he studied economics and international business. He graduated with honors and continues to participate in the Alumni Mentorship Program. Mr. Geans is an active participant in ULI, NMHC, NAIOP, and DCBIA.
About Middleburg Communities: Middleburg Communities is a fully integrated multifamily development, investment, construction and management company operating in the southeastern and mid-Atlantic United States. Since 2004, Middleburg has acquired and developed more than 21,000 apartment units, executing over $3 billion in transactions. The Middleburg team shares a vision for greater value creation through community impact. The firm’s success is rooted in a genuine desire to serve its local communities in thoughtful and holistic ways. Middleburg embraces people, property, and partnerships to enhance the lives of others, contribute positively to its neighborhoods and maximize real returns for partners. For more information, please visit www.MiddleburgCommunities.com.