Redwood’s 2025 performance reflects a year of steady, intentional growth, strengthened day-to-day operations and continued interest in the company’s single-story apartment homes. Strategic investment activity, paired with a resilient portfolio, allowed Redwood to make notable progress across development, leasing and capital markets.
“Redwood’s achievements this year demonstrate the power of our model: thoughtful development, strong operational fundamentals and an unwavering commitment to creating value for our residents, team members and investors,” said Steve Kimmelman, founder and CEO of Redwood. “We are optimistic about the opportunities ahead as we continue expanding into highly desirable suburban markets.”
Below are highlights from 2025.
A Growing Portfolio
Delivering for Investors
Redwood’s investment platform was strongly supported in 2025 by long-standing partners and new contributors. A total of
222 investors participated across Redwood’s offerings, including
181 development investors and
41 flexible note investors.
Forty-five new investors
joined Redwood this year (30 within development projects and
15 within the flexible note program) demonstrating confidence in Redwood’s strategy and performance.
Capital raising remained strong. Redwood secured
$66.25M in development equity, enabling the launch of
12 new development projects, including
three hybrid roll-up financings. The flexible note program contributed another
$29.4M, providing efficient capital to support land purchases and pre-development needs.
During 2025, Redwood also:
- Paid
$46.6M in preferred and promissory note interest
- Returned
$114.5M in equity, including:
- $78.45M to development investors
- $36.08M to flexible note participants
- Distributed
$87.9M in excess cash flow on stabilized assets (inclusive of cash-out refinancing events)
These results reflect the strength of Redwood’s approach — building thoughtfully in suburban markets where new housing is limited, while continuing to deliver steady performance across a portfolio that’s grown and matured over time. With a broadening investor community, a solid financial position and a healthy pipeline of new developments moving into 2026, Redwood is poised to continue creating strong, long-term returns.
Community Impact
Through
Redwood Cares, employees, residents and investors nominated six nonprofit organizations that Redwood will support with volunteer time, promotional visibility and financial contributions.
Redwood team members volunteered
2,086 hours, contributing to food banks, shelters, community events and other mission-driven organizations across its markets. Additionally, Redwood continued its partnership with
One Tree Planted. The company donated one tree for every new employee, resident and investor, resulting in
7,751 trees planted in 2025.
Looking Ahead
Redwood enters 2026 with strong development momentum and investor engagement. The company anticipates welcoming:
- Six new neighborhoods across Indiana, Ohio and Michigan
- Redwood Batavia Township (Ohio), Redwood Fairborn Beaver Valley Road (Ohio), Redwood Miami Township SR 28 (Ohio), Redwood Canton Michigan Avenue (Michigan), Redwood New Haven (Michigan) and Redwood Franklin (Indiana)
- Four new phases in Ohio and Illinois
- Redwood Vermilion, Redwood Oswego,
Redwood Crystal Lake and
Redwood Aurora
“With new neighborhoods underway and strong investor support, 2026 presents exceptional opportunities for Redwood to expand and deepen its presence in the markets we serve,” Kimmelman said.
To learn more about upcoming investments, development activities, and Redwood’s long-term value creation strategy, we invite you to
connect with our investor relations team.
