about us
Investing since 2009
Our Approach
We live in a world of shifting market cycles. Interest rates and access to capital markets ebb and flow, creating an investment climate of constant uncertainty. With this in mind, Red Street strongly believes that a consistent, risk adjusted approach to investing regardless of external factors is the optimal way to maximize returns while limiting downside risk. The key factors to our investment approach are conservative underwriting, thorough due diligence, and prudent use of leverage.
Conservative Underwriting & Thorough Diligence
We believe that price should be determined by a realistic estimate of an asset’s future cash flows. Through carefully analyzing a property’s operational history and sub-market performance, we strive to create reliable cash-flow projections. We employ our management knowledge & experience to identify comprehensive operational inefficiencies that lead to an asset’s dislocation in value. We couple this with in-depth qualitative analysis to paint a complete picture of an asset’s potential.
Exceptional Asset Management
Quality management is the most critical component of an asset’s long-term success. For this reason, we employ an engaged, hands-on approach at the operational level. Our experienced, in-house management team has a proven track record of success and value creation across multiple market cycles. We accomplish this by recruiting & properly incentivizing the most talented individuals in the market place, constantly exploring new avenues to create additional revenue while maintaining expense efficiencies, providing exceptional customer service, and promoting community.
Prudent Use of
Leverage
We are firm believers that caution should be used when employing leverage to the assets we own. Sensitivity analysis is conducted on each property to determine the appropriate level and structure of debt to protect its long-term value and the interest of investors. We view investments through a long-term lens. Because market-cycle timing is unknown, we seek to avoid using leverage in a manner that could create undue risk before the value of an asset can be realized.
Red Street Team
Dave Grote
Principal
Dave has 18+ years of experience in the real estate industry. He is involved in all of the company’s acquisition and disposition activities along with the management of the company’s portfolio. Prior to forming Red Street, Dave worked in the financial services industry with a large regional bank. He graduated from Auburn University with a Bachelor of Science in Business Administration and a minor in Political Science. Dave and his wife, Amy, live in Birmingham, AL, and have three daughters. Dave and Amy are involved in The Wellhouse, an organization focused on aiding the victims of human trafficking.
Justin has 18+ years of experience in the real estate industry. He is actively involved in all of the company’s acquisition and disposition activities. Prior to forming Red Street, Justin worked for a multi-family office as an investment analyst. He graduated from Samford University with a Bachelor of Science in Business Administration with a Finance Concentration where he was a member of the baseball team. Justin currently serves on the Board of STEPS, a ministry dedicated to preventing addiction and supporting its victims and families. He previously served as President of the Junior Board for Wellhouse, a ministry that aids and restores the victims of human trafficking.
Justin Worthington
Principal
Daniel Orr
Vice President Operations
Daniel has 19 years of experience in the real estate industry. He is responsible for overseeing all areas of property operations for the portfolio. Prior to joining Red Street, Daniel worked for companies involved in the disposition of repossessed properties in the wake of the financial crisis. He graduated from Troy University and now lives on the beautiful Alabama coast where he is involved in many local businesses.
Jourdan has worked in the multifamily industry since 2013. Aside from her role as a Community Director, she is responsible for the implementation and support of property management software, website development, and onsite technology company wide. Prior to joining Red Street, Jourdan worked for a third-party management company on underperforming and new build properties. She graduated from The University of South Alabama with a Bachelor of Science in Biology and a minor in Related Sciences. Jourdan and her husband, Adam, live in Mobile, AL with their two dogs. Jourdan is an ambassador with the Mobile Area Chamber of Commerce, as well as serving on the board of the Transportation and Logistics Club of Mobile. She is also a passionate supporter of Make-A-Wish Alabama, an organization that grants wishes to critically ill children in Alabama. Over the last 5 years, Jourdan has been involved with the Make-A-Wish Alabama Trailblaze Challenge as a member of the hike support team.
Jourdan Henderson
Technology Director
Elizabeth Clement
Training Director
Liz brings more than 20 years of experience in the multifamily industry, building a career rooted in leadership, community engagement, and operational excellence. She began her journey at a young age and quickly discovered her passion for multifamily management and resident services. Liz joined Red Street in 2014 as a Leasing Agent and rapidly advanced into the role of Community Director through her dedication, industry knowledge, and commitment to excellence. Over the past 12 years with the company, she has expanded her leadership responsibilities into a dual role as Community Director and Director of Training, where she plays a key role in mentoring teams, developing talent, and strengthening company operations. Her passion for people, leadership, and community impact continues to make her a respected leader within the multifamily industry.