Redfern Properties
- Company typePrivate
- Founded2005
- HeadquartersPortland, United States
- Headcount—
- GTM typeB2C
- OfferingServices
Redfern Properties firmographics
Firmographics- Name
- Redfern Properties
- Legal name
- Redfern Properties
- Website
- https://redfernproperties.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Ownership category
- akta.pro rank
Redfern Properties industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- Residential Building Construction (23611), New Single-Family Housing Construction (except For-Sale Builders) (236115)
- SIC
- Operative Builders (1531), Operators Of Apartment Buildings (6513)
- akta.pro primary industry
- New Construction & Builder Sales (BPAJAAAB)
Keywords
Where Redfern Properties is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Redfern Properties business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Residential Rental Income: Multi-family apartment and townhome rental revenue from residential tenants in Portland, Maine properties.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Redfern Properties product offering
Product offeringCore offering
Redfern Properties is a real estate development firm that develops, owns, and operates multi-family apartment complexes, townhomes, and mixed-use buildings in Portland, Maine. The company focuses on infill and smart-growth development, and leases its residential units directly to tenants while also renting ground-floor retail spaces to commercial tenants.
Product overview
Redfern Properties is a socially and environmentally conscious real estate development firm specializing in mixed-use and multi-family housing in Portland, Maine. The company operates as a unified portfolio of apartment complexes, townhomes, and condominiums developed under its brand. The portfolio includes completed properties (The Casco, Nightingale, Erlang, The Hiawatha, Winter Street Townhomes, Redfern Mews, 89 Anderson, Munjoy Heights, West End Place, Harborview Townhomes) as well as pre-development projects (Kennebec Block with 500+ units, Tavata with 325 units). Properties range from luxury townhomes with amenities like private elevators and rooftop decks to mixed-use complexes with retail suites and community spaces. The firm emphasizes placemaking, sustainability (with direct-benefit solar at Redfern Mews), and infill smart-growth development.
Differentiator
Problem solved
Functional benefit
Products and services
- Harborview Townhomes A 7-townhouse condominium development located in the West End of Portland, steps from Portland Harbor and Old Port. Modern and energy efficient design with contemporary styling and dedicated outdoor spaces.
- West End Place A mixed-use apartment complex with 39 one-bedroom and two-bedroom apartments plus 2 retail suites in Portland, featuring a shared rooftop terrace.
- 89 Anderson 53 studio, one-bedroom, and two-bedroom apartments with 2 retail suites in Portland's East Bayside neighborhood, with private balconies and secure parking.
- The Hiawatha 139 studio, one-bedroom, and two-bedroom apartments with 1 retail suite (Joe's Super Variety) in Longfellow Square, featuring granite, brick, and steel construction with fitness room, lounge, and garage parking.
- Redfern Mews 10 three-bedroom, two-bathroom townhomes in East Bayside with energy efficient construction and individual photovoltaic arrays. The only rental housing in Maine with direct benefit solar for tenants.
- Erlang 81 apartments in a historic rehabilitation of a circa 1913 office building in the Arts District, featuring soaring ceilings and massive windows.
- Winter Street Townhomes 9 contemporary townhomes in the West End developed in collaboration with NewHeight Group, featuring private roof decks, parking for two vehicles with EV charging, and flexible bonus areas.
- Nightingale 165 apartments with 4 retail suites and a self-storage operation, transforming the old Mercy Hospital on State Street, featuring co-working lounge, roof lounge with ocean views, and retail plaza with food purveyors.
- The Casco 263 apartments with 2 retail suites in an 18-story building at Temple and Federal Streets in the historic Old Port district, featuring co-working space, fitness room, package concierge, and 18th floor Sky Lounge with views of Casco Bay.
- Munjoy Heights 29 luxury townhomes situated on the Western Slope of Portland's Munjoy Hill with expansive views, private garages, private elevators, and large roof decks.
- Kennebec Block Master planned redevelopment consisting of 2 or more buildings with approximately 500+ residential apartments on the last remaining industrial site in Portland's Bayside neighborhood, located 3 blocks from Old Port.
- Tavata 325 small apartments planned for Portland's peninsula designed for middle-income workforce and graduate students from the Roux Institute, located on a high-capacity transit corridor with common spaces including fitness room, lounges, reading rooms, and conference rooms.
Quantifiable outcome
- Harborview Townhomes won 2 Architecture awards
Companies that use Redfern Properties
Customer profileSegments3 records
Ideal customer profiles3 records
Redfern Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Redfern Properties partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- NewHeight GroupcoreCollaboration between Redfern Properties and NewHeight Group on Winter Street Townhomes, a contemporary take on traditional West End architecture with 9 townhomes featuring private roof decks, parking for two vehicles, and flexible bonus areas.
- NewHeight GroupcorePartnership with NewHeight Group to transform the old Mercy Hospital on State Street into Nightingale - 165 apartments, self-storage operation, and retail plaza featuring fine food purveyors.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Redfern Properties competitors and assessment
Company assessmentRegional players
- Princeton Properties: New England-based owner, developer, and manager of multifamily apartment communities in the Northeast. Comparable as a privately held regional multifamily operator/developer serving similar Northeast urban markets, though concentrated in Massachusetts rather than Maine.
Broad incumbents
- AvalonBay Communities: Public multifamily REIT that develops, acquires, and operates Class A apartment communities primarily in high-barrier U.S. coastal markets. Comparable in product type and high-barrier coastal market focus, though as a large incumbent REIT rather than a private regional developer.
- Mid-America Apartment Communities: Large multifamily REIT focused on Class A garden-style and urban apartment communities across the Sun Belt. Comparable as a multifamily owner/operator, though geographically and structurally different from Redfern's private Northeast urban focus.
- Camden Property Trust: Public multifamily REIT focused on Class A apartment communities in the Sun Belt. Comparable in operating Class A multifamily communities, though with a different geographic footprint and REIT capital structure.
- Boston Properties: Large publicly traded REIT focused on Class A office, mixed-use, and residential developments in urban gateway markets including Boston. Comparable in developing urban mixed-use and residential product, though with a broader asset mix and REIT structure.
Direct peers
- Greystar Real Estate Partners: The largest multifamily developer, operator, and investment manager in the U.S. Directly comparable as a vertically integrated multifamily developer/operator with a similar product focus on rental apartment communities, though at a vastly larger national scale.
- Wood Partners: National multifamily developer with a portfolio of Class A rental apartment communities. Closely comparable in core business (build-and-hold multifamily), including mixed-use urban infill projects similar to Redfern's Portland developments.
- Mill Creek Residential: National multifamily developer focused on building rental apartment communities across the U.S. Comparable in business model (develop-to-rent multifamily), though operates at a much larger scale and broader geographic footprint.
- Bozzuto: Privately held multifamily developer, builder, and manager with a focus on Class A urban and suburban apartment communities. Comparable in being a founder-controlled multifamily operator with similar build-and-hold development strategy.
- Toll Brothers Apartment Living: Multifamily development arm of Toll Brothers focused on luxury rental communities in urban and suburban markets. Comparable in targeting premium urban infill rental product, though at significantly greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Redfern Properties social profiles
Digital presenceRedfern Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Redfern Properties leadership team
Management profileNumber of profiles
Profiles5 records
Redfern Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Redfern Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Redfern Properties
What does Redfern Properties do?
Redfern Properties is a real estate development firm that develops, owns, and operates multi-family apartment complexes, townhomes, and mixed-use buildings in Portland, Maine. The company focuses on infill and smart-growth development, and leases its residential units directly to tenants while also renting ground-floor retail spaces to commercial tenants.
Is Redfern Properties a public or private company?
Redfern Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Redfern Properties founded?
Redfern Properties was founded in 2005.
Where is Redfern Properties based?
Redfern Properties is headquartered in Portland, United States, in the North America region.
How does Redfern Properties make money?
One revenue line is on record: residential Rental Income.
Who are Redfern Properties's main competitors?
Princeton Properties is listed as a regional player. Broad incumbents are AvalonBay Communities, Mid-America Apartment Communities, Camden Property Trust and Boston Properties. Direct peers are Greystar Real Estate Partners, Wood Partners, Mill Creek Residential, Bozzuto and Toll Brothers Apartment Living.
Does Redfern Properties have an API?
No public API is recorded for Redfern Properties.
What industry is Redfern Properties in?
Redfern Properties's product category is Residential Real Estate Development. Its primary akta.pro industry code is BPAJAAAB, New Construction & Builder Sales. Its NAICS code is 23611 and its SIC code is 1531.