Dive Brief:

• Northland has opened its second headquarters facility, located in Austin, Texas, to support the on-site execution of existing business and initiatives in its Western U.S. portfolio of multifamily and mixed-use assets. Its current headquarters is in Newton, Massachusetts.
• The apartment owner, manager and builder also hired Jeff England as vice president of multifamily. He will serve as a dedicated leader for Northland’s multifamily operations across the West, according to a press release shared with Multifamily Dive.
• The news comes on the heels of Northland building its portfolio in the Midwest last year with the purchase of Preserve West in August, a 318-unit, garden-style apartment complex in Madison, Wisconsin, and the purchase of SoRoc on Maine in Rochester, Minnesota, in February.

Dive Insight:

Driving Northland’s decision to open its second headquarters office in Austin is the composition of its portfolio. 

“Austin is home to our largest portfolio concentration, making it the perfect location for the firm’s second headquarters,” Northland’s senior vice president of multifamily, Roman Stephens, said in a press release shared with Multifamily Dive. 

The Texas location could give the company a springboard into new markets. “Our new headquarters in Austin provides Northland with greater resources to manage our existing assets in the Western United States, as well as opportunities to continue our expansion in that part of the country,” Northland’s CEO Matthew Gottesdiener told Multifamily Dive. 

In his new role, England will oversee the management of Northland’s portfolio in Texas, Colorado, Nevada, Arizona, New Mexico and Wisconsin. The company has prioritized moving into these states.

“Northland is attracted to these key markets for their combination of nation-leading economic growth, strong affordability, better cost of living, and ideal weather for active lifestyles, all underpinned by business-friendly environments with low taxes,” Gottesdiener said.

Over the past decade, England has had various multifamily operational leadership roles at a range of companies. He has served as regional director of multifamily properties for New York City-based Brookfield Properties, regional property manager for Dallas-based Lincoln Property Co. and community manager for Houston-based Camden Property Trust.

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