Christopher Cassidy has served as the Southeast Division President of Lennar Multifamily Communities since August of 2011. Christopher is a 24 year veteran of the Industry, and he has developed or acquired over 10,000 units at a total cost of over $1.0 billion. Chris served in a leadership position with Post Properties as a Vice President of Construction and then Vice President of Development before founding Highlands Residential in Atlanta, Georgia in 1998. From 1998 until 2005 Highlands developed, financed constructed or asset managed approximately 2500 units and over a quarter million square feet of retail space adjacent to or vertically integrated within their communities. In 2005 Cassidy sold Highlands to a regional commercial investment firm in pursuit of diversifying their portfolio of retail shopping centers to a focus on developing multifamily residential, grocery anchored retail and vertically integrated mixed-use communities. From 2005 until 2008 Cassidy served as Partner and Executive Vice President and Director of Development. Prior to starting with LMC in 2011, Chris formed Cassidy Companies in Atlanta, Georgia in 2008 to provide development and construction consulting services for their own account and select clients and partners.
Founded in mid-2011, Lennar Multifamily Communities, LLC (LMC) is a multifamily real estate investment company focused on assembling a geographically diversified portfolio of institutional quality multifamily rental properties using both a development and value-add acquisition strategy in selected U.S. markets. The company was started as an initiative to combine the financial strength and entrepreneurial spirit of the nation’s third-largest homebuilder with the onset of increasingly favorable apartment fundamentals nationwide. LMC wants to be one of the few publicly traded corporations that transacts in a Developer/Sponsor role with institutional capital. LMC co-invests with both institutional and private equity partners, providing the partnerships with fully integrated service capabilities, including construction management, asset management and property management. LMC’s investment strategy is a market research based approach, focusing on risk adjusted yields on properties in quality urban, TOD and suburban locations.
Since its founding, LMC has attracted an outstanding team of 140 seasoned professionals, has 33 communities either under construction, leasing, or ownership as of November 2014, with a pipeline of $2.5 billion.