NEW YORK CITY—Wood Partners, LLC has opened a new office in Midtown Manhattan and hired Rashid Walker as its director to oversee the company's development effort in the area. Walker will be responsible for sourcing development opportunities in the market, which includes Manhattan and the outer boroughs of New York City, Long Island, Westchester and Fairfield Counties and Northern New Jersey.
“We're very excited about opening the new office and ramping up our development efforts in the market,” Walker said. “Having this location speaks to our strong desire to complete urban deals and remain focused on developing apartment communities in the surrounding high barrier to entry suburban markets.
Strong demographics and a high barrier to entering the New York market make the area attractive to Wood Partners. Averaging $2,331 per month, rents in New York City are the nation's second highest behind San Francisco.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
