Wood Partners Hires Industry Veteran Andrew Steffens to Lead Nashville Expansion

NASHVILLE, Tenn., January 22, 2019 (Newswire.com) – Wood Partners has hired real estate industry veteran Andrew Steffens as Managing Director to lead its new Nashville office. Steffens will be responsible for sourcing and developing multifamily development opportunities in the Nashville region for the national real estate company.

“We are thrilled to be expanding into the Nashville market with Andrew at the helm,” said Joe Keough, Chairman and CEO of Wood Partners. “Andrew possesses an intimate understanding of Nashville, as well as a strong and successful track record within the region.”

Prior to joining Wood Partners, Steffens spent seven years with two other reputable developers where he executed over $350 million of development. Wood Partners’ Nashville office will be its 18th U.S. office.

“Wood Partners is an industry leader with a great history and I am excited to be leading the Nashville expansion,” said Steffens. “There is tremendous opportunity in this market and I look forward to building upon Wood’s twenty-year history of developing best-in-class product across the United States.”

Steffens has also held various roles within the real estate finance group at Citibank. He graduated with honors from the University of Tennessee and earned an MBA from the Owen Graduate School of Management at Vanderbilt.


Wood Partners Announces Groundbreaking of Alta Med Main

HOUSTON, Jan. 18, 2019 /PRNewswire/ — Wood Partners, a national leader in multi-family real estate development and acquisition, announced the groundbreaking of its new Houston community – Alta Med Main.

A residential community located in the Texas Medical Center at 9330 Main Street, Alta Med Main is adjacent to the TMC3 project, a 30-acre mixed-use campus located directly to the north. The TMC3 campus will house four academic institutions, a 410-room hotel and conference center, research and office space, as well as plazas, restaurants, shops and other commercial space. TMC3 is projected to have a $5.2 billion impact on the city of Houston.

“Alta Med Main is poised to benefit from Houston’s ever-expanding Texas Medical Center,” said Bart Barrett, Managing Director for Wood Partners’ Houston Office. “This is a key location that grants our residents access to high-paying, competitive careers, and all that Houston’s nightlife and cultural scenes have to offer.”

In addition to being located minutes from the Texas Medical Center – a complex named the 8th largest business district in the US that employs over 106,000 people and includes over 21 hospitals, two specialty institutions, three medical schools and six nursing programs – Alta Med Main provides access to iconic Houston locals. Convenient access to NRG Stadium – home to the Houston Texans – Rice UniversityRice Village, the Museum District and the Central Business District make Alta Med Main a cultural hotspot. Just a few miles away, Hermann Park offers 445-acres of expansive park grounds, golf courses, running trails, the Houston Zoo, Houston Museum of Natural Science and the Miller Outdoor Theatre.

“We are excited to be located within a strong submarket with healthy occupancy and strong growth that is also within close proximity to major employment centers, retail, outdoor space and major thoroughfares,” said Barrett.

Scheduled to open in the Spring of 2020, Alta Med Main totals 338 units with one- and two-bedroom floor plans. This four story wrap community also includes a structured parking garage with direct building access. The community offers in-demand indoor amenities such as a clubroom, Sky Lounge, business center with micro-offices and communal work areas, a 24/7 fitness center, as well as ample outdoor entertaining space complete with a resort-style pool, tranquil courtyard, and dog park and pet washing stations.