What Redbrick does

Redbrick LMD is a vertically integrated real estate investment, management, and development firm headquartered in Washington, DC. Founded in 2002 by Thomas Skinner as Redbrick Partners and rebranded in 2013 when Louis Dubin joined as Managing Partner, the firm reports approximately $3 billion in assets under management and under development, with a development pipeline of approximately 8 million square feet — half of which sits in Opportunity Zones in the District of Columbia. Its portfolio encompasses 4,500 multifamily units built or in development, anchored by three master-planned communities: the Bridge District (8 acres, 2.5 million square feet), St. Elizabeths East (183 acres), and Navy Yard (15 acres). Operating assets include the 2,275-unit Northern Virginia portfolio (The Amberleigh and The Vistas) acquired in 2015.

Name

Redbrick

Legal name

Redbrick LMD, LLC

Website

https://redbricklmd.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Redbrick LMD is a Washington, DC-based vertically integrated real estate investment, management, and development firm with approximately $3 billion in AUM and an 8 million square foot sustainable development pipeline serving institutional investors, residential tenants, and community partners.

Ownership category

akta.pro rank

Product category

Real Estate Development & Investment

NAICS

Other Financial Vehicles (525990), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), Investors, Nec (6799)

akta.pro primary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

akta.pro secondary industries

Real Assets Fund of Funds (Real Estate / Infrastructure / Natural Resources FoF) (FSAHAKAG), Development Finance & Blended Finance Facilities (BPADAOAD)

Keywords

• Real estate development
• Opportunity zone funds
• Asset management services
• Mixed-use property investment
• Sustainable construction

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Development of large-scale, institutional-quality real estate projects including multifamily residential, commercial, retail, and mixed-use developments. Revenue generated through property sales and lease-up of developed properties.
2. Asset Management: Management of existing operating real estate assets in the portfolio. Ongoing management fees from owned and managed portfolio.
3. Opportunity Zone Funds: Redbrick Opportunity Zone Fund I and Fund II provide investment opportunities for qualified investors seeking tax-efficient real estate investments in designated Opportunity Zones.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Redbrick LMD is a vertically integrated real estate investment, management, and development firm specializing in large-scale, institutional-quality residential and mixed-use projects in the Washington, DC metropolitan area. The company develops and owns multifamily, commercial, retail, and mixed-use properties (notably Bridge District, St. Elizabeths East, and Navy Yard), manages Opportunity Zone Funds (Fund I and II) for qualified investors, and operates a portfolio of existing multifamily assets. Its development pipeline of approximately 8 million square feet targets ILFI Zero Carbon and LEED Platinum certification.

Product overview

Redbrick LMD is a vertically integrated real estate investment, management, and development company specializing in large-scale, institutional-quality development projects in the Washington, DC metropolitan area. The company operates as both a real estate developer and asset manager with a development pipeline of approximately 8 million square feet, half of which is located in Opportunity Zones. Its core offerings include the Bridge District (an 8-acre mixed-use neighborhood with residential, retail, and the National Campus for Cyber Leadership), St. Elizabeths East (a 183-acre campus redevelopment), and Navy Yard (a 15-acre waterfront development). The company also manages operating assets including The Amberleigh and The Vistas multifamily portfolios, and offers Opportunity Zone investment funds (Fund I launched 2019, Fund II launched 2020). A distinctive focus is sustainable development with buildings designed to ILFI Zero Carbon and LEED Platinum certifications, including The Douglass which is planned to be the largest multifamily building in the world to pursue ILFI Zero Carbon certification.

Differentiator

Problem solved

Functional benefit

Brands

• The Bridge District: An eight-acre neighborhood development with new apartments, shops, restaurants, parks, a cyber innovation hub, bike paths, and more located at the foot of the Frederick Douglass Memorial Bridge in Southeast DC.
• St. Elizabeths East
• Navy Yard
• The Douglass
• Whitman-Walker Health Max Robinson Center
• Sycamore & Oak

Products and services

• Bridge District An eight-acre mixed-use neighborhood development in Southeast DC adjacent to Anacostia Park, featuring approximately 2.5 million square feet of entitled matter-of-right mixed-use density including 2,000+ residential units, a 225,000 square foot cyber innovation hub, 90,000 square feet of retail, and parks. Designed to ILFI Zero Carbon and LEED Platinum certifications.
• St. Elizabeths East A 183-acre campus redevelopment in Washington DC's Congress Heights neighborhood (Ward 8), with Redbrick LMD as master developer. Includes multifamily residences (252 units, 80% affordable), a community medical building, retail village, and for-sale townhomes.
• Navy Yard Development A 15-acre waterfront development at the former Washington Navy Yard, planned to include multifamily rentals, condominiums, a hotel, retail, and a marina. Buildings are intended to use cross-laminated timber and pursue ILFI Zero Carbon and LEED Platinum certifications.
• The Douglass A flagship residential building at the Bridge District designed to become the largest multifamily building in the world to pursue ILFI Zero Carbon certification. Features mass timber construction and rooftop amenities.
• Whitman-Walker Health Max Robinson Center A 118,000 square foot medical services building fully leased to Whitman-Walker Health, expanding medical services including primary and dental care, mental health, and substance abuse treatment to more than 10,000 patients annually. LEED Gold certified.
• Sycamore & Oak A 22,000 square foot mass timber retail building home to 13 local minority-owned businesses and a community event space. First commercial building in the DC area constructed entirely of mass timber. Developed in partnership with Emerson Collective.
• District Towns For-sale townhome residences at St. Elizabeths East, part of the Phase I development awarded in 2017. Ribbon cutting occurred April 2022.
• National Campus for Cyber Leadership (NCCL) A planned 225,000 square foot, state-of-the-art secured facility for government, academia, and private-sector stakeholders focused on cyber technology. Located at Bridge District Parcel 6, featuring virtual immersive ranges and labs for cyber and AI research, collaboration areas, secure event space, private office space, and SCIFs.
• The Amberleigh (Operating Asset) Multifamily rental property acquired in 2015 as part of a 2,275-unit Northern Virginia portfolio. Managed by Redbrick LMD as a long-term operating asset.
• The Vistas (Operating Asset) Multifamily rental property acquired in 2015 as part of a 2,275-unit Northern Virginia portfolio. Managed by Redbrick LMD as a long-term operating asset.
• Redbrick Opportunity Zone Fund I & II Opportunity Zone investment funds launched in 2019 (Fund I) and 2020 (Fund II), providing tax-efficient investment vehicles for qualified investors seeking to defer and potentially exclude capital gains taxes through DC Opportunity Zone real estate investments.

Quantifiable outcome

• 10+ buildings under design, development or construction to be built to Zero-Carbon standard
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Emerson CollectivecoreStrategic or Co-development PartnerPartnership to construct the 22,000 sq ft mass timber Sycamore & Oak building, home to 13 local minority-owned businesses and community event space. Emerson Collective is a philanthropy organization focused on climate and equity.
• Gragg Cardona SouadiminorStrategic or Co-development PartnerPart of the sponsorship team for the 1201 Sycamore medical facility development along with Redbrick LMD.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Tishman Speyer: Global large-scale developer with notable DC mixed-use projects. Competes on scale and institutional quality but operates across many geographies and asset types.
• Boston Properties (BXP): Large publicly traded REIT with significant DC presence including mixed-use and Class A office developments. Broader portfolio and public capital structure but overlapping geography and product.
• Skanska USA Commercial Development: Major sustainable construction and development firm with a strong DC office pipeline. Comparable focus on large-scale institutional projects and ESG/sustainability leadership.
• Vornado Realty Trust: Publicly traded REIT with significant DC office concentration including the Pentagon City and Crystal City submarkets. Different asset class focus (office) but overlapping DC geography.
• Brookfield Properties: Global large-scale mixed-use and office developer with DC presence. Comparable in scale of master-planned communities and capital intensity but operates as part of a much larger global platform.

Direct peers

• JBG SMITH Properties: Publicly traded REIT focused on mixed-use, multifamily, and office development across the Washington DC metropolitan area, including National Landing. Most direct comparable as a DC-focused mixed-use developer with large-scale master-planned communities.
• Hoffman & Associates: Washington DC-area developer known for large-scale mixed-use and waterfront projects such as National Harbor and The Yards in Southeast DC. Comparable in scale, geography, and product mix.
• Donohoe Development Company: DC-based real estate developer of multifamily, mixed-use, and commercial properties across the DC metro area. Similar mid-sized vertically integrated operator targeting institutional investors.
• Clark Enterprises: Washington DC-based privately held real estate firm with mixed-use, multifamily, and commercial development across the DC region. Similar profile as a privately held DC-centric developer with institutional-quality projects.
• The Bernstein Companies: Washington DC-based real estate investment and development company focused on mixed-use, multifamily, and office in the DC metro area. Comparable vertically integrated operator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/redbrick-lmd
• Instagraminstagram.com/redbrick-lmd

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Redbrick