The Bainbridge Companies (Bainbridge), the 10th-largest apartment developer and a leading owner and manager of luxury multifamily communities, today announced it has been awarded the management of Sherwood Oaks (formerly Grand Oaks Apartment Homes), a picturesque apartment community featuring nearly 200 apartment homes in Riverview, Florida, a prominent Tampa submarket.
New York-based real estate investment management firm GMF Capital, LLC recently purchased Sherwood Oaks and selected Bainbridge to manage the community. The firm specializes in acquiring value-add rental properties with a strategy dedicated to improving residents’ living experience through enhancing the physical quality of each property, as well as implementing best-in-class management practices.
“We’re honored that GMF selected us to manage the Sherwood Oaks community,” said Dana Caudell, President of Property Management at Bainbridge. “The continued growth of our management division is a testament to the exceptional work of our operations and marketing teams. We look forward to strengthening this community through our innovative marketing capabilities and unwavering commitment to customer service.”
“As we continue to build our portfolio of quality properties for the long term, it’s crucial to have premium property management partners that share our goals,” said Jared Frydman, GMF managing director and head of its Miami office. “With a reputation for excellence in property management and an eye toward profitability, Bainbridge is a natural choice to manage the Sherwood Oaks community.”
This is Bainbridge’s fifth awarded management contract in the last year, positioning the company for continued strategic growth in 2020.
The announcement comes on the heels of Bainbridge’s recent expansion in Florida with the opening of a new regional office in Tampa. Bainbridge also has headquarters in Wellington, Fla. and regional offices in Bethesda, Md., Orlando, Fla., Raleigh, N.C., Atlanta, Ga., and New York City, N.Y.
About The Bainbridge Companies, LLC
The Bainbridge Companies is a leading owner, developer and manager of luxury multifamily apartment communities in the Eastern United States. Founded in 1997, Bainbridge is a fully integrated family of real estate companies engaged in the development, construction, management and acquisition of residential and commercial real estate. Bainbridge is headquartered in Wellington, Fla., with regional offices in Bethesda, Md., Raleigh, N.C., Orlando and Tampa, Fla., Atlanta, Ga., and New York City, N.Y. Our team consists of over 600 passionate professionals across our offices and portfolio.
About GMF Capital, LLC
GMF Capital, LLC is an investment management platform that engages in private equity and alternative investments across a broad range of asset classes including real estate and healthcare. For more information, please visit http://www.gmfcapital.com.