Cedar Street Companies
Cedar Street Companies (CEDARst) is a Chicago-based, vertically integrated multifamily real estate developer that sources, develops, constructs, and operates Class A urban rental housing across eight U.S. states through its Development, Method Construction, and FLATS property management divisions.
- Company typePrivate
- Founded2009
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Cedar Street Companies does
Cedar Street Companies (doing business as CEDARst) is a Chicago-based, privately held vertically integrated multifamily real estate development platform founded in 2009. The company sources, acquires, capitalizes, develops, constructs, and operates Class A urban infill rental housing across eight U.S. states, with a $4 billion portfolio spanning more than 10,000 developed, entitled, or under-construction units and 50+ owned and operated assets in submarkets including Chicago, San Diego, Las Vegas, Miami, Minneapolis, Cleveland, Vancouver WA, and Beaverton OR. Operations run through three core business units: CEDARst Development (deal sourcing, acquisition, capitalization), Method Construction (in-house general contracting and owner representation, including adaptive reuse of historic and landmarked buildings), and FLATS Property Management (a hospitality-inspired lifestyle brand providing direct leasing, resident programming, and community operations).
Cedar Street's revenue mechanics blend one-time development fees and merchant build sales with recurring property management and rental income, supplemented by construction management fees and tax-advantaged transaction economics from Opportunity Zone and Historic Tax Credit structures. Capital formation combines institutional joint venture equity (Quartz Lake Capital $300M fund targeting ~$1B portfolio, Bridge Investment Group, Kayne Anderson Real Estate, Cantor Fitzgerald, Silverstein Properties), construction and bridge debt (North River Partners, Amzak Capital, ACRE, Bridge Debt Strategies), and agency refinancing (multiple Fannie Mae loans via JLL and PGIM, Invesco Real Estate). Recent activity includes a $122M acquisition of the Millie on Michigan tower, $66M Avra West Loop purchase, $34.6M Bucktown acquisition, and South Florida expansion via Miami's Little River project and Flats Flagler Gateway in Fort Lauderdale.
The customer base is bifurcated: (1) institutional investors and capital partners that co-invest in development ventures and provide debt financing, and (2) residential tenants in urban markets seeking design-forward, amenity-rich rental housing. The company has achieved 95-96% stabilized occupancy across its portfolio and has integrated affordability and ESG commitments, including 300+ affordable units across City of Chicago programs and LEED/Green Globes certification on more than ten projects. Cedar Street does not publicly disclose revenue, pricing, or detailed financials.
Cedar Street Companies firmographics
Firmographics- Name
- Cedar Street Companies
- Legal name
- Cedar Street Companies
- Website
- https://cedarst.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Cedar Street Companies (CEDARst) is a Chicago-based, vertically integrated multifamily real estate developer that sources, develops, constructs, and operates Class A urban rental housing across eight U.S. states through its Development, Method Construction, and FLATS property management divisions.
- Ownership category
- akta.pro rank
Cedar Street Companies industry classification
Industry- Product category
- Multifamily Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Residential Property Managers (531311), Real Estate and Rental and Leasing (53)
- SIC
- Operative Builders (1531), Operators Of Apartment Buildings (6513), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)
- akta.pro secondary industries
- Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), New Construction & Builder Sales (BPAJAAAB)
Keywords
Where Cedar Street Companies is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Cedar Street Companies business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D
Revenue model
- Development Fees and Merchant Build Sales: Revenue from developing multifamily properties for sale to investors or joint venture partners. The merchant build program involves identifying prime locations, designing modern living spaces, overseeing construction, and delivering high-quality assets for sale to capitalize on market demand.
- Property Management Services: Ongoing property management revenue through the FLATS brand for residential communities, including tenant leasing, community operations, and hospitality-style resident services.
- Construction Management: Method Construction serves as in-house general contractor for smaller-scale developments and as owner representative for larger projects, managing architectural design, zoning, and entitlement processes.
- Opportunity Zone Development: Strategic investment in federally designated Opportunity Zones targeting underdeveloped areas with high growth potential, offering tax incentives to investors while revitalizing neighborhoods.
- Historic Tax Credit Projects: Preservation of architectural heritage through rehabilitation of historic buildings, utilizing Historic Tax Credits to restore structures while benefiting from federal and state tax incentives.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Cedar Street Companies product offering
Product offeringCore offering
Cedar Street Companies is a vertically integrated multifamily real estate development firm that sources, acquires, capitalizes, develops, constructs, and manages residential rental properties across eight U.S. states. The company operates three core divisions — CEDARst Development (project sourcing and capitalization), Method Construction (in-house general contracting and owner representation), and FLATS Property Management (hospitality-inspired residential leasing and operations) — delivering Class A urban infill, Opportunity Zone, and adaptive reuse projects.
Product overview
CEDARst Companies is a fully integrated real estate development company that operates as a unified platform combining development, construction, and property management services. The company manages the complete real estate lifecycle through three core divisions: CEDARst Development (sourcing, acquiring, capitalizing, and developing multifamily properties), Method Construction (in-house general contractor and owner representative), and FLATS Property Management (lifestyle brand providing luxury amenities and community programming). Their portfolio spans 30+ properties across 8 states including Chicago, San Diego, Las Vegas, Miami, Minneapolis, Cleveland, Vancouver WA, and Beaverton OR. Notable branded properties include The Millie (47-story luxury tower in Chicago Loop), The Douglas (Miami Little River OZ development), Flats Flagler Gateway (Fort Lauderdale OZ project), and The Myles (Las Vegas Arts District). The company emphasizes vertical integration, Opportunity Zone investments, Historic Tax Credit projects, and adaptive reuse developments, with a portfolio valued at $4 billion and 10,000+ units developed, entitled, or under construction.
Differentiator
Problem solved
Functional benefit
Brands
- FLATS: Property management lifestyle brand providing luxury amenities and refined apartments at approachable price points. Creates superior community experience with regular events and partnerships with local fitness trainers, artists, musicians, and business owners.
- Method Construction
Products and services
- Development Services Sourcing, acquiring, capitalizing, and developing multifamily properties across the U.S. with a focus on urban infill, Opportunity Zone, and adaptive reuse projects in supply-constrained markets.
- Method Construction In-house general contractor acting as owner representative for both ground-up and adaptive reuse developments, managing architectural design, zoning, entitlement, and construction processes for projects including historical and landmarked buildings.
- FLATS Property Management Hospitality-inspired residential property management brand providing luxury amenities, community programming, and resident services at approachable price points, delivered through on-site leasing teams and partnerships with local fitness trainers, artists, and businesses.
Quantifiable outcome
- 10,000+ units developed, entitled, or under construction
- +5 more outcomes
Companies that use Cedar Street Companies
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles2 records
Cedar Street Companies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Cedar Street Companies partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- JLL (Jones Lang LaSalle)minorJLL Capital Markets team led by Senior Directors Zach Kersten and Chris Collins arranged the $55.8 million Fannie Mae loan for The Miller. JLL Real Estate Capital LLC manages the loan.
Scale indicators15 records
Recent moves8 records
Expansion highlights6 records
Cedar Street Companies competitors and assessment
Company assessmentBroad incumbents
- Lincoln Property Company: Diversified real estate firm with one of the largest multifamily management portfolios in the US and active development operations. Comparable vertical integration from development through third-party property management.
- The Related Companies: Large diversified real estate developer with significant multifamily and mixed-use developments including affordable and workforce housing components. Comparable in market-rate multifamily development with mixed-income integration expertise.
- Toll Brothers Apartment Living: Multifamily development subsidiary of Toll Brothers (NYSE: TOL), focused on luxury Class A multifamily communities in urban and suburban markets. Comparable product positioning and geographic diversification strategy across major US metros.
- Greystar Real Estate Partners: Largest multifamily property manager and developer in the US, managing over 800,000 units globally. Highly comparable as a vertically integrated multifamily operator with development, investment management, and property management capabilities across urban markets.
- Trammell Crow Residential (CBRE): Multifamily development subsidiary of CBRE Group, one of the largest developers of multifamily housing in the US. Comparable as a scaled institutional-grade multifamily developer operating across multiple US markets with similar Class A product focus.
Direct peers
- Watermark Residential: Multifamily development and investment platform focused on Class A communities across the Sun Belt and Midwest. Comparable mid-sized developer with similar product positioning in supply-constrained urban and suburban submarkets.
- RangeWater Real Estate: Privately held multifamily developer, investor, and manager focused on Sun Belt and high-growth markets. Comparable as a growth-oriented multifamily platform with development, acquisitions, and management capabilities in markets like Atlanta, Dallas, Denver, and Florida.
- JPI (Jefferson Partners Inc.): National multifamily developer with design, development, construction, and management capabilities. Comparable vertically integrated platform approach and similar focus on Class A urban infill multifamily communities.
- Mill Creek Residential: National multifamily developer focused on Class A apartment communities in urban infill and high-growth suburban markets. Closely comparable to CEDARst in product type, target demographic, and focus on design-forward communities in supply-constrained markets.
- Crescent Communities: Diversified real estate developer with multifamily division focused on Class A apartment communities in high-growth Sun Belt markets. Comparable as a privately held developer targeting similar demographic and market segments as CEDARst.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cedar Street Companies social profiles
Digital presenceCedar Street Companies compliance and trust
Trust signalCompliance2 records
Cedar Street Companies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cedar Street Companies leadership team
Management profileNumber of profiles
Profiles4 records
Cedar Street Companies subsidiaries and ownership
Company hierarchySubsidiaries2 records
Cedar Street Companies funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cedar Street Companies 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 Cedar Street Companies
What does Cedar Street Companies do?
Cedar Street Companies is a vertically integrated multifamily real estate development firm that sources, acquires, capitalizes, develops, constructs, and manages residential rental properties across eight U.S. states. The company operates three core divisions — CEDARst Development (project sourcing and capitalization), Method Construction (in-house general contracting and owner representation), and FLATS Property Management (hospitality-inspired residential leasing and operations) — delivering Class A urban infill, Opportunity Zone, and adaptive reuse projects.
Is Cedar Street Companies a public or private company?
Cedar Street Companies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cedar Street Companies founded?
Cedar Street Companies was founded in 2009. It employs 51 to 100 people.
Where is Cedar Street Companies based?
Cedar Street Companies is headquartered in Chicago, United States, in the North America region.
How does Cedar Street Companies make money?
Five revenue lines are on record. Development Fees and Merchant Build Sales are the primary driver. The others are property Management Services, construction Management, opportunity Zone Development and historic Tax Credit Projects.
Who are Cedar Street Companies's main competitors?
Broad incumbents on record are Lincoln Property Company, The Related Companies, Toll Brothers Apartment Living, Greystar Real Estate Partners and Trammell Crow Residential (CBRE). Direct peers are Watermark Residential, RangeWater Real Estate, JPI (Jefferson Partners Inc.), Mill Creek Residential and Crescent Communities.
Does Cedar Street Companies have an API?
No public API is recorded for Cedar Street Companies.
What industry is Cedar Street Companies in?
Cedar Street Companies's product category is Multifamily Real Estate Development. Its primary akta.pro industry code is IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes), with a secondary code of IMAFABAE, Residential Design-Build & Renovation-Integrated Builders. Its NAICS code is 236117 and its SIC code is 1531.