2022 was a record year for Blue River Development. While many companies slowed down due to several market conditions, Blue River pressed the gas and closed on approximately 2,000 lots through various verticals and recorded record-year profits.
The company extended into several new markets:
- Huntsville
- Charlotte
- Nashville
- Central and Northwest Florida
Other key stats:
- 6 state expansions
- 2,000 lots closed
- 3,000 total lots in the pipeline
- 2x team expansion
- Secured funding
- Launched Blue River Communities – Blue River launched its residential division in 2022 with plans to start construction in April 2023.
The team expanded with the additions of:
- Kevin Connelly, Strategic Partner
- Mike Meshkaty, Strategic Partner
- Sean Connelly, Strategic Partner
- Caroline Weyer, Director of Investor Relations
- Kevin Cardinal, Director of Land Development
- Kevin Langston, Land Acquisition
As a company highlight, Bobby Stamps, Director of Investment Sales, grew the Build-to-Rent Group to $1 Billion in transaction volume. He has 15 neighborhoods under contract to be delivered at C/O to BTR groups. Listen to Bobby and Brad Cooper on a recent edition of Atlanta Real Estate Forum Radio: Build to Rent Partnerships, Rising Interest Rates. Tune into Brad and Michael Cooper on Atlanta Real Estate Forum Radio for A Top Gun Development Approach and discover how Michael’s experience at the Top Gun Navel Airstriek Warfare Center gave him valuable insight into the importance of systems-based operations.
The Blue River Development team has over 20 years of experience developing and acquiring nearly $2 billion in residential, multifamily and retail projects. The firm’s achievements are driven by its ability to provide and catalog the most up-to-date market intel, the ability to execute on that data and its accountability to clients and investors. For more information, visit www.BlueRiverDevelopment.com.