CHARLOTTE, NC - Picking up on the decades of achievements Crosland’s Residential Division has enjoyed, Ravin Partners, LLC will look to continue apartment development and construction success throughout the Southeast. Ravin Partners’ CEO David Ravin purchased the market rate multi-family development and construction divisions from Crosland, LLC on April 4, 2011 as part of Crosland’s strategic plan to divest several of its divisions into separate companies.
“We are thrilled to begin this new stage with a number of existing projects in development as well as several new developments on the horizon,” said Ravin. “Starting this venture with the same team that has worked so well together for many years has made much of this transition seamless.”
Consisting of Crosland’s former residential development and construction teams, Ravin Partners brings decades of experience and an award winning track record, from having built more than 20,000 multi-family units across the southeast. And according to Real Data Apartment Market Index report, the company is currently the most active developer in the Raleigh/Durham/Chapel Hill market, which has been one of the best performing submarkets in the Southeast. Ravin Partners is also the developer and contractor of three Northwestern Mutual communities in Chapel Hill/Durham including Trinity Commons, Chapel Hill North and Chapel Watch Village which are currently under construction.
New developments include St. Mary’s Square, a recently-approved urban infill project in Raleigh, NC near 712 Tucker, which was developed by the same team; Bradford, a mixed-use village center in Cary, N.C., designed with special emphasis on a large public plaza for community events and public art; Lofts at Weston Lakeside, another Cary, N.C., development which is the second venture of the successful Weston Lakeside project and includes 202 one- and two-bedroom flats with more classic design; and Manchester on James , which will be a 200-unit Class A apartment project across the river from Virginia Commonwealth University in Richmond, Va.
Ravin Partners will operate its construction arm under a new name of CAP Construction and will offer services to select third-party developers. Specializing in high-quality, wood-framed construction, Cap Construction can build everything from affordable housing to luxury urban products. The company also offers custom-tailored construction solutions that can be leveraged to reposition an asset, perform major CapEx projects and manage new development or condominium conversions. Additionally, the Ravin Partners interior design team can improve existing clubhouses, models and other community areas.
About Ravin Partners
Ravin Partners is a leading multifamily development and construction firm serving the Southeast. Capabilities include multifamily development, construction, sustainable development, CapEx improvements and interior design. Ravin Partners is active in NC, SC, TN, FL and VA. For more information, visit www.ravinpartners.com