The Bainbridge Companies

BainbridgeThe Bainbridge Companies takes a fully integrated, relationship-based approach to multifamily residential construction and development.

By Construction Today Staff

For the Bainbridge Companies, quality leadership begins with lasting partnerships. “We believe strongly in the value of great relationships with everyone involved in the development process,” the Wellington, Fla., and Bethesda, Md.-based company says. “We work tirelessly with the entire team to ensure the success of every project; our team at Bainbridge has a great passion for innovation and hard work.”

The company is a leading owner, developer and manager of luxury multifamily apartment communities in the Eastern United States, with an emphasis on luxury apartments, condos and student housing. Bainbridge also develops, builds, acquires and re-positions commercial properties.

“We expertly take advantage of favorable market conditions in order to maximize returns for our business partners while creating high quality communities for our customers,” Bainbridge adds. “Our projects include the latest innovations in technology, communications, architecture and sustainable design practices.”

Bainbridge takes a turnkey approach to all of its projects that includes due diligence, planning and budgeting; design and engineering management; governmental approvals and permitting; purchasing and contracting; value engineering; construction management/general contracting; production, cost and quality control; and loss prevention and risk management.

Full Integration

Bainbridge is a fully vertically integrated company.

“We utilize our own in-house development and construction departments in each development and acquisition we undertake,” it says. “Bainbridge provides a personalized level of service using the significant experience and technical capabilities that we have available in-house.

“We believe there is no substitute for hands-on service or the accountability and integrity it creates,” Bainbridge adds.

Bainbridge’s other services include:

* Design services;

* Distressed property services;

* Due diligence;

* Flexible accounting and financial services;

* Human resources and hiring;

* Information technology;

* Internal audits;

* Investments;

* Leasing;

* Maintenance;

* Market analysis;

* Marketing; and

* Utility billing.

Service Advantage

Bainbridge’s management arm is committed to providing “an exceptional living experience” to residents, it says. The company fulfills this commitment by training every member of its property management teams in its “Bainbridge Standards of Service Excellence,” which are:

* Addressing every service request within 24 hours of receiving the request;

* Treating customers with sincerity, honesty and integrity;

* Maintaining communities consistently, expertly and with pride, making residents proud to call a community home;

* Communicating with residents on a regular basis; and

* Looking for creative and unique ways to assist residents and resolve concerns immediately.

“For our residents, our standards of excellence mean that they live in a community with a responsive, creative, sincere team who is focused on providing the best living experience possible,” the company says. “For our associates, our standards provide opportunities to learn and grow with a company that supports our associates and is focused on empowering team members to make the best decisions each day.”

Experienced Professionals

Bainbridge has developed, redeveloped or repositioned more than 35,000 multifamily apartments since its inception in 1997. The company today manages approximately 21,000 multifamily units and has several commercial properties in various stages of development, construction or renovation.

In addition to its dual corporate headquarters in Wellington and Bethesda, the company has offices in Cary, N.C.; Westport, Conn.; and Orlando and Tampa, Fla. The company’s communities are located in the District of Columbia, Florida, Maryland, New York, North Carolina and Virginia.

“Bainbridge strives to provide the highest quality apartment homes and communities in each of our markets and the highest quality living experience for our residents,” the company says. “Our team of experienced and knowledgeable professionals is devoted to creating an exceptional living environment and experience for all of our residents and lasting, mutually beneficial relationships with our partners.”

The company’s employees have backgrounds in multiple disciplines including real estate, planning, law, design, engineering, business and construction.

Bainbridge is led by Chairman, CEO and Managing Principal Richard Schechter, a third-generation multifamily and commercial property owner, manager and developer whose family has been involved in the business since 1927. Schechter developed his first mixed-use office and retail project in 1976 and his first mid-rise apartment project in 1978.

Since starting Bainbridge, Schechter has supervised, acquired, developed and managed $4.4 billion in assets. He previously served as COO of R.M.S Partners, a developer, owner and manager of office buildings and apartment rental communities in Florida and Washington, D.C., and as president of Bainbridge Financial Corporation, an investment, asset and property management advisory group based in Washington, D.C. Schechter holds a bachelor of science in chemistry from Clarkson University and a juris doctorate from the Syracuse University College of Law.

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