Dive Brief:
- Wood Partners has named Luke Davis as managing director of the firm’s Washington, D.C., office, where he will be responsible for the sourcing, financing and development of multifamily and mixed-use communities throughout the mid-Atlantic region, according to a news release shared with Multifamily Dive.
- Before joining the Atlanta-based developer, Davis was chief investment officer at Kettler, where he played a key role in transactions totaling over 16,000 units and over $4 billion in capitalization, per the release. He has contributed to the development of more than 8,000 units across the East Coast over the course of his career.
- Last year, Wood started 4,414 apartments, ranking as the No. 9 developer and No. 12 builder, according to the National Multifamily Housing Council Top 25 lists. The firm is actively starting projects in Texas, Florida, North Carolina and Colorado.
Dive Insight:
Wood owns more than 80 properties across the United States, representing approximately 25,000 homes.
The addition of Davis should help the firm grow its presence in the mid-Atlantic, Bennett Sands, regional director of development for Wood Partners, said in the press release.
“Luke brings an incredible depth of experience and a strong track record across development, acquisitions and capital markets,” Sands said.
Davis, who holds a Bachelor of Business Administration in Finance from James Madison University, is an active member of the Urban Land Institute and NMHC.
“I see compelling opportunities across the region and look forward to contributing my experience to advance the firm’s strategic expansion,” Davis said.
Despite a general slowdown in apartment development, Wood has remained active. For instance, last year, it teamed up with Clarion Partners to break ground on the 365-unit Alta Metro Center project in Aurora, Colorado.
However, the developer has also pulled back when necessary. In 2024, it stopped pursuing projects on the West Coast, according to a statement that Joe Keough, CEO of Wood Partners, provided to Multifamily Dive.
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