Who We Are

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.

Through carefully analyzing a property’s trailing operational results while incorporating sub-market performance, we strive to create moderate cash-flow projections. We employ our management knowledge & experience to identify comprehensive operational inefficiencies that lead to an asset’s dislocation in value.

We conduct exhaustive due diligence to confirm the viability of an investment. This involves scrutinizing each line item in the historic financials to identify potential avenues for improving cash flow. Additionally, we leverage our relationships in the construction sector when evaluating a property’s physical condition, minimizing the risk of unforeseen and costly repairs. We couple this with in-depth qualitative analysis to paint a complete picture of an asset. 

We are firm believers that maximizing leverage is not always the best path to take. Sensitivity analysis is conducted on each asset to determine the appropriate level of debt to utilize in order to protect its long-term value and the interest of investors.

Our Team

Dave Grote - Principal

Dave has 15+ years of experience in the real estate industry. He is involved in all of the company’s acquisition, disposition, and development 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.

Dave Grote - Principal

Justin Worthington - Principal

Justin has 15+ years of experience in the real estate industry. He is actively involved in all of the company’s acquisition, disposition, and development 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 and his wife, Ramya, live in Birmingham.

Justin Worthington - Principal

Daniel Orr - VP of 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.

Daniel Orr - VP of Operations
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