RED Multifamily was founded in 2002 in the District of Columbia with a mission to create value by acquiring, redeveloping and repurposing historic properties. The Company’s focus, always multifamily residential properties, has included both condominium and apartment formats, and has extended beyond Washington to multiple locations on the east coast of North America.
Our CEO, Kim Hoover, is an attorney, board chair and board
member with thirty years of experience in finance and banking,
FinTech, audit, credit review, compensation, private equity,
asset management, and real estate investment and
development.
She serves on the board of a number of nonprofits and private
companies and, in 2018, received the Washington Business
Journal’s inaugural Business of Pride Award.
Ms. Van Buren is Director of Operations at RED Multifamily. She attended VCU and has worked in the real estate industry for many years.
Ms. McSorley is Director of Property Management at RED Multifamily. She has been with the company since its inception and has more than 30 years of experience in managing residential property.
Mr. Lucadamo is Director of Leasing at RED Multifamily. He has many years of experience with residential property leasing, having begun his career in Washington in the early 2000s. He graduated from Penn State University.
The Estate Collection is the home of your dreams. Each residence is unmatched in its beauty and quality. Enter your personal haven through an opulent lobby with secure access to only your floor. You’ll find elegance and comfort in every fixture, feature and trim. You’ll be ensconced in the lap of luxury with features like Waterworks fixtures, Gaggenau and Thermador appliances, wine storage, heated bathroom floors, and smart home technology. And unsurpassed private outdoor space and a beautifully landscaped roof terrace with fire pit and entertainment enclaves.
You appreciate the finer things in life. You adore fine workmanship. You revel in detail, beauty and comfort. But you don’t need all of the space of the Estate Collection. The one and two bedroom City Collection at The Adele are the place for you to call home.
This mixed-use residential and retail project directly across from the Washington Nationals Ball Park is ground up construction and will consist of approximately 250 apartment units. The project requires closing a public alley and the application to do so has been filed. Allyson Capital is providing equity.
RED purchased this building in Dupont Circle in 2004. It has been updated and improved continuously over time and rents have been increased an average of 85% since inception. Senior debt is provided by JP Morgan Chase. Allyson Capital provided equity
RED purchased this building in DuPont Circle in 2008 and made significant improvements. Rents have steadily increased with minimal vacancy. Senior debt is provided by Monument Bank. Allyson Capital provided equity.
RED purchase this building in the Bloomingdale neighborhood in 2010 under TOPA. Tenants were gradually moved out and the building was completely renovated in 2011. Rent increases have been steady and strong, moving up on average 25% since inception. Senior debt is provided by Monument Bank. Allyson Capital provided equity.
1010 South Carolina is our newest acquisition and was put into service in 2017. This property was acquired through a TOPA (Tenants' Opportunity to Purchase Act) transaction. Senior debt is provided by Eagle Bank. Allyson Capital provided equity.
