The Garrett Companies

What The Garrett Companies does

The Garrett Companies is a privately held, vertically integrated multifamily real estate firm founded by Eric Garrett that develops, builds, and manages apartment communities across 22 states. Operating through its core divisions — Garrett Construction (ground-up construction, adaptive reuse, renovation), Garrett Residential (property management including market-rate and HUD projects with lease-up, asset repositioning, and value-add capabilities), and a portfolio of seven wholly-owned affiliate brands (Apex Lumber & Materials, Blue Horseshoe Framing, Blue Star Mechanical, EDGE Multifamily Design Group, Teldar Drywall, Legacy Development Partners, and the Garrett Family Foundation) — the company delivers full-stack development-to-management services supported by in-house materials supply, framing, mechanical, drywall, and design capabilities.

The company runs a B2B go-to-market targeting institutional investors and capital partners through joint ventures and recapitalizations, with named repeat partners including Harbor Group International, Buchanan Capital Partners, Telis Group, and Weinstein Properties. Debt capital is arranged through intermediaries such as Walker & Dunlop and ACRE, with construction financing sourced from banks like Wintrust and National Bank of Indianapolis. Revenue is generated through development fees, equity participation, construction contracts, and property management fees. The company ranks #7 on the NMHC 25 Largest Developers List and #9 on the 25 Largest Builders List, has delivered 20,000+ apartment units across 70+ projects since 1999, and maintains offices in Nashville (HQ), Greenwood IN, Carmel IN, and Denver. The business is founder-controlled by Eric Garrett as CEO with co-founder Rhonda Garrett as VP, alongside a senior bench including President Rob Martinson, CFO Evan Brown, and COO Jonathan Byrd, with no external private equity or venture capital backing.

Name

The Garrett Companies

Legal name

The Garrett Companies LLC

Website

https://thegarrettco.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

The Garrett Companies is a privately held, vertically integrated multifamily firm founded in 2014 that develops, builds, and manages apartment communities across 22 states for institutional capital partners and residents, with 20,000+ units delivered to date.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Development

NAICS

Offices of Real Estate Agents and Brokers (5312), Management of Companies and Enterprises (55)

SIC

General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531), Wholesale-Lumber & Other Construction Materials (5030), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

akta.pro secondary industry

New Construction & Builder Sales (BPAJAAAB)

Keywords

• Multifamily development services
• Multifamily construction services
• Property management services
• Real estate investment
• Mixed-use development

Headquarters

HQ city

Greenwood

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Multifamily Development: Full-service multifamily development from site selection through entitlement and construction management. Revenue generated through development fees, equity participation, and property sales to investors.
2. Construction Services: Garrett Construction provides multifamily construction services for company-developed properties and potentially third-party clients. Revenue from construction contracts.
3. Property Management: Garrett Residential manages apartment communities for company-owned assets and third-party clients. Revenue through management fees.
4. Mixed-Use Development: Complementary mixed-use, retail, office, and restaurant development through trusted partners and in-house brands.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

The Garrett Companies is a full-service multifamily real estate organization that develops, builds, and manages apartment communities across 22 states. Its core offering encompasses site selection, development, ground-up construction, and third-party property management delivered through direct and joint-venture engagements with institutional investors, capital partners, and property owners, supported by vertically integrated affiliate brands covering lumber, framing, mechanical, design, and drywall trades.

Product overview

The Garrett Companies is a full-service multifamily real estate development, construction, and property management company operating a multi-brand portfolio model. The core offerings include Garrett Construction (ground-up multifamily construction), Garrett Residential (property management), and an ecosystem of affiliate brands supporting the development lifecycle: Apex Lumber & Materials, Blue Horseshoe Framing, Blue Star Mechanical, EDGE Multifamily Design Group, Teldar Drywall, and Legacy Development Partners. The Garrett Family Foundation provides charitable giving and community support. The company's portfolio spans 22 states with 20,000+ apartment units developed to date, including named communities such as Maeva Modern Apartments, The Baldwin Modern Apartments, Ebbtide Villas & Flats, Maverick Modern Apartments, Agave Ranch Modern Apartments, Lift at Jordan Creek, The Nash Rosemount, Rewind at Crest, and Stone Mesa Luxury Flats.

Differentiator

Problem solved

Functional benefit

Brands

• Garrett Construction: Full-service multifamily construction division of The Garrett Companies, committed to delivering exceptional results with expertise in ground-up construction, adaptive reuse, and renovation projects.
• Garrett Residential
• Garrett Family Foundation
• Apex Lumber & Materials
• Blue Horseshoe Framing
• Blue Star Mechanical
• EDGE Multifamily Design Group
• Teldar Drywall

Products and services

• Garrett Construction Full-service multifamily construction arm of The Garrett Companies; delivers ground-up construction, adaptive reuse, and renovation projects with expertise in multifamily buildings.
• Garrett Residential Property management services for multifamily communities owned by The Garrett Companies and third-party clients; covers lease-ups, value-add strategies, asset repositioning, and day-to-day residential operations.
• Multifamily Development Services Full-service multifamily development from site selection through entitlement and construction management, delivered primarily through joint-venture equity partnerships with institutional capital providers.
• Maeva Modern Apartments 260-unit luxury multifamily community in Lutz, Florida featuring resort-style amenities and one-to-three bedroom layouts with high-end finishes.
• The Baldwin Modern Apartments 200-unit luxury apartment community in Colorado Springs, Colorado built as four-story midrise buildings with elevator access and attached/detached garage parking.
• Ebbtide Villas & Flats 250-unit upscale apartment and townhome community in Kissimmee, Florida located near major highways and local attractions.
• Maverick Modern Apartments 226-home luxury apartment community in Greenwood, Indiana with an aviation-focused theme reflecting proximity to Greenwood Municipal Airport.
• Agave Ranch Modern Apartments 324-unit luxury apartment community in Glendale, Arizona featuring a large pool, dog park, and direct access to the 16.5-mile New River Trail greenway.
• Lift at Jordan Creek 180-unit tax credit affordable housing community in West Des Moines, Iowa offering one-to-three bedroom apartments at reduced pricing.
• The Nash Rosemount 250-unit luxury apartment community in Rosemount, Minnesota featuring 25 buildings with 10 apartments each, one-to-three bedroom layouts with attached garages.
• Rewind at Crest 296-home apartment community in Colorado Springs, Colorado offering one-to-three bedroom floor plans in a modern setting.
• Stone Mesa Luxury Flats 158-unit residential community in Colorado Springs, Colorado featuring a luxury pool, hot tub, outdoor grilling area, dog park, and fitness center.
• Garrett Centennial Apartments 368-unit garden-style multifamily development in the Denver Tech Center, capitalized via a joint venture between The Garrett Companies, Buchanan Capital Partners, and Weinstein Properties.

Quantifiable outcome

• 20,000+ apartment units developed and delivered to date
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Telis GroupcoreStrategic or Co-development PartnerTelis Group served as strategic partner and co-developer alongside The Garrett Companies on multiple multifamily projects including the eight-property portfolio refinancing and joint ventures with Harbor Group International.
• Telis GroupcoreStrategic or Co-development PartnerTelis Group served as strategic partner on the Garrett Centennial Apartments (368-unit Denver Tech Center development) and prior 2024 collaboration on Garrett Fillmore Apartments in Colorado Springs.

Scale indicators13 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Greystar Real Estate Partners: Largest U.S. multifamily property manager, developer, and investor with global scale across investment management, development, and operations; broad incumbent whose property-management and investment-management overlap mirrors Garrett Residential's third-party mission.
• Trammell Crow Residential (CBRE): National multifamily developer and capital partner within CBRE; comparable in partnering structure with institutional investors and in developing large-scale garden-style and mid-rise communities, though backed by a much larger parent.
• MAA (Mid-America Apartment Communities): Public multifamily REIT focused on the Sun Belt with extensive development and property management capabilities; relevant comparator for the geographic and operational overlap with Garrett's portfolio.
• GID Investment Advisers: Vertically integrated real estate investment, development, and operating platform operating multifamily and other asset classes; comparable diversified operating-company structure with vertical integration.
• Lincoln Property Company (Residential): Large national multifamily developer, owner, and third-party manager offering integrated services comparable in scope to Garrett, but with materially broader portfolio and capital base.

Direct peers

• RangeWater Real Estate: Sun Belt-focused multifamily developer, builder, and operator with integrated development and property management — closely matches Garrett's vertically integrated full-service structure and target geographies.
• Wood Partners: National multifamily developer/builder with integrated development, construction, and investment management serving similar institutional capital partners and growing U.S. footprint. Most directly comparable developer/builder peer to Garrett's full-service multifamily model.
• Edward Rose & Sons: Private, family-controlled multifamily developer, builder, and property manager operating across multiple U.S. regions with vertically integrated construction capabilities analogous to Garrett's affiliate-brand model.
• JLB Partners: Private multifamily real estate investment and development firm specializing in garden-style and mid-rise communities across Sun Belt markets; similar in-house capabilities and JV capital partner model to Garrett.

Others

• Humphreys & Partners Architects: National multifamily architecture firm serving developers like Garrett (recently engaged on Garrett's Longmont project); not a competitor, but a known vendor/ecosystem partner in the multifamily design-build chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/thegarrettco
• Xx.com/thegarrettco

Revenue estimate

Valuation estimate

Number of profiles

Profiles41 records

Subsidiaries9 records

Funding overview

Funding rounds

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 The Garrett Companies