Cortland is a vertically integrated multifamily investment, development, and management firm that thoughtfully challenges the status quo of the conventional multifamily industry. Through our resident-centric approach to apartment living, we strive to deliver outsized returns in high-growth metro and suburban areas.
All figures as of September 30, 2023.
1 Gross Real Estate Value represents approximate gross asset value of relevant multifamily communities owned in whole or in part by Cortland sponsored funds and investment vehicles, including partners’ (if any) share of equity, and without reduction of debt. Cortland client-funds and managed vehicles represent 66.7% of Gross Real Estate Value.
2 Real Estate Assets Managed figure includes all multifamily communities owned in whole or in part, by Cortland or its client’s funds and investment vehicles, as well as assets for which Cortland provides various suites of third-party management services. Cortland client-funds and managed investment vehicles represent 156 of Real Estate Assets Managed.
3 Associates headcount includes both investment professionals as well as operational and corporate associates in the US.
Our Approach
We endeavor to cover the apartment living experience from wall to wall – from concept to completion - including investment management, design, build, and operations. By striving to own nearly every touchpoint and aspect of the resident living experience, we aspire to delight residents who choose to live in a Cortland community while seeking to maximize value for our investors independent of the market cycle.
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Multifamily's Strength
Cortland believes that macro and supply dynamics continue to favor investments in multifamily assets, particularly those located in the affordable growth markets of the US.
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Vertical Integration
We believe that our vertically integrated investment and operating platform allows for the creation and delivery of a differentiated living experience, while providing investment and asset management focused on executing asset-level business plans intended to maximize NOI growth, occupancy, and resident retention.
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Resident-Centric
We believe that our focus on creating next-level apartment living experiences for our residents and striving for consistent operational excellence helps increase overall resident satisfaction, loyalty, and advocacy for the Cortland brand.
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Brand Reputation
We believe that Cortland’s market concentration and reputation for delivering a high-quality living experience provides an opportunity to create brand awareness and customer demand in an otherwise crowded, commoditized marketplace.
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Proprietary Analytics
Cortland’s proprietary data analytics and deep local presence allow us to strategically select markets and submarkets for investment that we believe will generate outsized investment performance.
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Deep Market Presence
We believe that we can leverage the presence and execution experience of Cortland’s investments and operations teams to select and underwrite superior assets in relevant submarkets.
Our Strategy
Our asset-specific analyses and diligence are intended to establish a rigorous, cross-functional investment process that aims to identify target market opportunities, enhance underwriting, and create competitive advantages and market influence.
Value-Add Renovation
Cortland seeks value-add multifamily properties in select growth areas of the US, utilizing our vertically integrated renovation and operating platform to deliver capital appreciation through targeted value-add upgrades and/or repositioning.
Core-Plus Acquisition
Cortland pursues core-plus, stabilized acquisition opportunities in high-growth US markets, striving to leverage our operating platform and brand to deliver an elevated resident experience while seeking to deliver NOI outperformance throughout changing market cycles.
Development
Cortland leverages its vertically integrated investment and operating platform to develop new, Cortland-branded communities, primarily in markets where we already have presence and experience.
Our Featured Communities
Our Sustainability Approach
At Cortland, we place the overall health and wellbeing of our residents and associates as top priorities. In service to those stakeholders, we strive to strengthen and expand our environmental, social, and governance practices across the entire organization, including at the communities that we operate.
Our Portfolio
Meet The Team
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Steven DeFrancis
Chief Executive Officer
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Jason Kern
President of Investment Management
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Mike Altman
Chief Investment Officer
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Ned Stiker
Senior Managing Partner, Head of Client Relations and Capital Markets
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David Dickson
Chief Financial Officer
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Corey May
General Counsel and Chief Compliance Officer
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Jan LaChapelle
EVP, Head of Debt Capital Markets
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Max Rothkopf
EVP of Investments & Capital Markets
Deputy Portfolio Manager, Cortland Growth and Income -
Cassandra (Cass) McFadden
Vice President, Global Head of Sustainability
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Kyle Bateh
EVP of Investments, Co-Portfolio Manager, Cortland Enhanced Value Fund Series
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Chris Fletcher
EVP of Development
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Michael Kolshak
EVP of Investments, Co-Portfolio Manager, Cortland Enhanced Value Fund Series
Inclusion of personnel is not a guarantee that any person will continue to be employed by Cortland or any Cortland affiliate, nor that any person referenced will continue to serve in the same or substantially similar role at Cortland in the future. Past performance of any member of the Cortland team is not an indication or guarantee of future performance. Some members of the Cortland team referenced are shared amongst Cortland affiliates, and do not provide services exclusively to Cortland’s investment advisory business.
This website is for informational purposes only and does not constitute an offer, solicitation, or recommendation to sell or an offer to purchase any securities, investment products, or investment advisory services. This website and the information set forth herein are current and are not intended to provide investment recommendations or advice. View full Terms and Disclosures here.
