Redwood’s First Omaha-Area Neighborhood Named 2025 Multifamily Development of the Year CoStar Impact Award Winner
Redwood Bellevue South 25th Street has been honored for addressing a critical housing need and contributing to local economic growth in the Omaha, Nebraska market.
Redwood Living, Inc. (Redwood), known for building and managing multifamily build-to-rent apartment neighborhoods across the Midwest and the Carolinas, has received a notable industry award for its first Omaha, Nebraska neighborhood.
Redwood Bellevue South 25th Street has been named the 2025 Multifamily Development of the Year CoStar Impact Award winner in the Omaha market. Impact Award winners across the nation—chosen for their growth, diversification, and ability to overcome unique challenges in their markets—were selected by a panel of industry professionals familiar with each respective market.
Redwood Bellevue South 25th Street was specifically chosen as an award-winning project in the Omaha market because, despite rising construction costs, supply-chain delays and labor shortages, it enhanced the area, addressed a critical need for housing and contributed to local economic growth. The neighborhood, which welcomed its first residents last spring, features 131 single-story apartment homes ranging in size from 1,294 – 1,620 square feet. Each of the four different floor plans include two bedrooms, two bathrooms, a two-car attached garage and all the signature advantages that make living in a Redwood apartment feel more like home.
“We are honored that Redwood’s first neighborhood in Omaha has already been recognized with such a prestigious award,” said Steve Kimmelman, founder and CEO of Redwood. “As we continue to grow in the Omaha area with two more neighborhoods under construction, this recognition is a testament to the initial impact we’ve had in the market and reinforces our commitment to providing thoughtfully designed homes that meet the needs of today’s renters.”
The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2024 that have significantly influenced neighborhoods or submarkets across 129 major international markets in the United States, Canada, and the United Kingdom. The awards honored over 340 winners for their CRE transactions across five categories: Lease of the Year, Sale/Acquisition of the Year, Commercial Development of the Year, Multifamily Development of the Year and Redevelopment of the Year.
“Each year, the CoStar Impact Awards celebrate commercial real estate professionals that are introducing innovative and transformative projects and transactions in the industry,” said Lisa Ruggles, Senior Vice President, Global Operations at CoStar Group. “We received an incredible number of submissions this year and enlisted a diverse panel of judges across each market to identify the most impactful projects shaping the commercial real estate landscape. Congratulations to all the winners for their efforts to transform the industry and the communities they serve.”
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About Redwood Living, Inc.
Redwood Living, Inc. (Redwood) is an innovative development and property management company with neighborhoods in Ohio, Michigan, Indiana, Illinois, Iowa, North Carolina, South Carolina, Kentucky and Nebraska. The success of Redwood’s approach to construction, development and property management continues to be validated in new and existing markets. Redwood is a company that believes in its mission, product and amazing people. It creates a simplified, relaxed lifestyle for residents, and offers a rewarding atmosphere for its employees. For more information, visit https://www.byredwood.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is the global leader in commercial real estate information, analytics, and online marketplaces. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands include STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
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