Redwood Living

What Redwood Living does

Redwood Living, Inc. is a privately held, vertically integrated real estate developer, builder, and operator founded in 1991 and headquartered in Independence, Ohio. The company specializes in single-story, maintenance-free apartment neighborhoods with attached garages located in suburban markets within approximately one hour of major metros. Its core product, Redwood Apartment Neighborhoods, consists of medium-density communities (typically 13-60 acres) that blend into surrounding single-family residential areas, offering 1,123 to 1,709 square foot floor plans in mostly two-bedroom, two-bathroom configurations with monthly rents ranging from approximately $1,460 to $3,862 depending on market.

The company controls the full lifecycle from land acquisition through ongoing property management. Redwood Construction Company has built over 16,000 apartments to date and applies standardized energy-efficient construction practices (HERS rating average of 60, Energy Star windows and appliances, high-efficiency HVAC, 2x6 exterior walls with R-21 insulation, R-49 blown-in ceiling insulation, concrete drives, and LED lighting). Operations span 162 properties across nine states (Ohio, Indiana, Michigan, Illinois, Iowa, Nebraska, Kentucky, South Carolina, and North Carolina), with public expansion targets including Chicago and Omaha and an active pipeline that includes the 281-unit Delaware Addison Farms neighborhood (opened 2026) and a proposed 170-unit Midland, Michigan development (construction starting 2027). Recent capital activity includes two 2025 funding rounds totaling approximately $126 million to support continued growth.

Redwood generates revenue primarily through recurring monthly rental income from its multi-family residential portfolio, supplemented by Build-to-Rent (BTR) investment partnerships offered through a dedicated institutional investor portal. Customers are suburban renters seeking single-family home-like amenities (garages, private entrances, maintenance-free living) without homeownership obligations. Distribution is conducted directly through an in-house leasing team accessible via a national phone line, an online apartment search and leasing portal (byredwood.com), and self-guided, in-person, and video tours, with resident services operated through a Yardi/RentCafe-backed portal. The company holds 501-1,000 employees and operates subsidiaries including Redwood USA, LLC for land development activities.

Name

Redwood Living

Legal name

Redwood Living, Inc.

Website

https://www.byredwood.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Redwood Living is a vertically integrated developer, builder, and operator of single-story, suburban apartment neighborhoods with attached garages, serving maintenance-seeking renters across nine U.S. states with a 162-property, 16,000+ unit portfolio.

Ownership category

akta.pro rank

Product category

Build-to-Rent Residential Real Estate

NAICS

Residential Building Construction (2361)

SIC

Real Estate (6500)

akta.pro primary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

• Single-story apartments
• Build-to-rent housing
• Suburban rental communities
• Residential property management
• Apartment home rentals

Headquarters

HQ city

Independence

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. Apartment Rental Income: Redwood generates revenue through monthly rental payments from residents in their single-story apartment neighborhoods. Rent prices vary by location, ranging from approximately $1,460 to $3,862 per month. The company operates 162 properties across multiple states, with each neighborhood offering multiple floor plans ranging from 1,123 to 1,709 square feet.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Redwood Living is a fully integrated developer, builder, and operator of single-story, maintenance-free apartment neighborhoods with attached garages in suburban locations across the United States. The company manages the entire lifecycle—from acquiring 13–60 acre suburban land parcels, to constructing neighborhoods of 1,123–1,709 sq ft two-bedroom/two-bath units, to leasing and ongoing property management—operating 162 properties across nine states. Revenue is generated primarily through monthly rental income from residents.

Product overview

Redwood Living operates as a fully integrated real estate development and property management company offering single-story, maintenance-free apartment neighborhoods with attached garages in suburban locations across the United States. The core product, Redwood Apartment Neighborhoods, consists of medium-density residential communities that provide residents with the peace and quiet of suburban living while remaining within driving distance of metro areas. The company manages the complete lifecycle through its Land Acquisition Services, Redwood Construction Company, and BTR Investments division. The portfolio spans 162 properties across multiple states including Ohio, Indiana, Michigan, Illinois, Iowa, Nebraska, Kentucky, North Carolina, South Carolina, and Wisconsin, with continued expansion into new markets such as Chicago and Omaha. Each neighborhood features energy-efficient construction with high-efficiency HVAC units, LED lighting, Energy Star-rated windows and appliances, concrete floors and drives, and advanced insulation systems, achieving average HERS ratings of 60. The company also provides an online Apartment Search Platform and Resident Services Portal for leasing and property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Redwood Apartment Neighborhoods

Quantifiable outcome

• Residents save 30-80% on energy bills due to energy-efficient construction
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and minor.

• EPA (Energy Star)coreTechnology or IntegrationRedwood is an EPA Energy Star partner, utilizing Energy Star rated windows, appliances, and low-flow plumbing fixtures in all homes. This partnership ensures energy efficiency standards and provides the Energy Star label for qualifying properties.
• Associated Builders and Contractors (ABC)coreStrategic or Co-development PartnerRedwood is a member of Associated Builders and Contractors, indicating commitment to quality construction standards and the merit shop philosophy in their construction operations.
• Coldwell BankerminorChannel Partner/ Reseller/ DistributorColdwell Banker is listed as a construction partner, potentially providing real estate and market expertise for land acquisition and property evaluation.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Invitation Homes: Largest U.S. single-family rental REIT with ~85,000 homes across major metros. Comparable as a suburban SFR operator targeting families seeking single-family-style rentals, though at meaningfully greater scale and broader geographic footprint.
• Camden Property Trust: Multifamily REIT operating ~58,000 apartment homes across the Sunbelt and Midwest. Comparable to Redwood on suburban garden-style multifamily operations, though as a diversified multifamily REIT rather than a vertically integrated single-story BTR developer.
• American Homes 4 Rent (AMH): Public single-family rental REIT operating over 59,000 homes across the U.S. Comparable to Redwood in suburban SFR product and tenant base, though much larger and broader in geographic scope and operating model.
• Mid-America Apartment Communities (MAA): Largest U.S. multifamily REIT focused on Sunbelt markets with ~102,000 units. Comparable to Redwood on suburban garden-style apartment operations and resident services, though at significantly greater scale and concentrated in different geographies.

Direct peers

• Tricon Residential: Pure-play institutional Build-to-Rent operator focused on single-family rental homes across the U.S. Sunbelt and Midwest. Directly comparable to Redwood as a vertically integrated BTR developer-manager serving suburban renters with similar product economics.
• FirstKey Homes: Single-family rental operator managing ~40,000 homes across the U.S., with significant Midwest and Sunbelt exposure. Comparable to Redwood on suburban SFR operations, lease-up, and resident services, though primarily an SFR buyer/operator rather than a developer.
• Progress Residential: Institutionally backed single-family rental operator with ~80,000+ homes nationwide. Directly comparable to Redwood on the rental operations and tenant services side, though focused on existing SFR inventory rather than ground-up BTR development.
• Amherst Holdings: Institutional residential real estate platform with a large Build-to-Rent and SFR portfolio across multiple U.S. markets. Comparable to Redwood in BTR investment structuring, single-family rental operations, and capital partner relationships.
• Pretium Partners: Investment management firm with deep exposure to U.S. single-family rental and Build-to-Rent through subsidiaries like Pretium Single-Family Rental and Front Yard Residential. Comparable to Redwood in BTR investment structuring and suburban SFR focus.

Regional players

• Independence Realty Trust: Multifamily apartment REIT concentrated in non-gateway U.S. markets including the Midwest and Southeast — directly overlapping Redwood's geographic footprint. Comparable on renter demographics and suburban garden-style operations, though focused on conventional apartments rather than single-story BTR.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/byRedwood

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Redwood Living