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First Draft Live

Steven DeFrancis

Steven DeFrancis

Founder, and CEO

Cortland

Mark F. Bonner
Moderator

Mark F. Bonner

Editor-in-Chief / Chief Content Officer

Bisnow

Steven DeFrancis

Founder, and CEO

Cortland

Steven DeFrancis is the founder and CEO of Cortland. He has more than 25 years of experience in complex multifamily development and management, specializing in unique development and value-add opportunities. Since its founding in 2005, Cortland has expanded into a global, vertically integrated, multifamily real estate investment, development, and asset management company. Anchored on providing a beautiful, yet affordable living environment and an enriched lifestyle to its residents, the company has adopted the unique approach of internalizing the majority of the functions dedicated to achieving those two objectives – from construction and design to product development.

Steven and his team manage a portfolio of multifamily assets located in twelve states, primarily throughout the Southeast, Midwest, and Texas. Internationally, Cortland maintains a global materials sourcing office in Shanghai and a development and management platform in the UK. The company employs more than 2,000 associates and owns and manages more than 60,000 apartment homes. Cortland is a National Multifamily Housing Council (NMHC) Top 50 Owner and Manager and is ranked 6th among Atlanta’s “Top Workplaces” in the large employer category (2019).

Steven earned his bachelor’s degree in Real Estate from The University of Georgia’s Terry College of Business. He is a member of The Buckhead Coalition and serves on the board of the Atlanta Neighborhood Development Partnership. He is also a member of The Real Estate Roundtable, The Urban Land Institute, and the National Multifamily Housing Council.

This Week On First Draft Live

Cortland built one of the largest apartment portfolios in the country on the Sun Belt boom. Now it’s moving its money north. The Atlanta-based firm closed a $1.6B all-cash deal for 19 Elme communities, most of them in greater Washington, as federal job cuts pushed the region’s rents into negative territory.

This Friday on First Draft Live, Bisnow Editor-in-Chief Mark Bonner sits down with Cortland founder and CEO Steven DeFrancis to talk through the good, the bad and the ugly of that bet. Why buy D.C. while it’s shedding jobs? And how does one of the nation’s biggest landlords set rents after paying $18M to settle its piece of the RealPage rent-pricing class action?

Tune in live Friday, Oct. 23, at 12:30 p.m. ET.

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First Draft Live returns for Season 2, bringing with it a continued commitment to compelling conversations with commercial real estate’s leading voices. Inspired by our daily newsletter, The First Draft, Bisnow’s Editor-in-Chief / Chief Content Officer Mark Bonner takes viewers behind the scenes on what’s shaping everything from capital trends and policy changes to sector-specific activity, in discussion with the people making it happen.

We’ve hosted some of the industry’s top voices — and there’s more to come. Bring your questions, join the conversation, or catch the replay within 24 hours if you can’t attend live. Past episodes can be found here.

Interested in speaking? Contact our Vice President of Production, Elizabeth Baker, at liz.baker@bisnow.com.

Agenda

Time Activity
12:30 PM
1:00 PM
First Draft Live: One Of America’s Biggest Landlords Is Rethinking The Sun Belt

Featuring Cortland Founder and CEO Steven Defrancis

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