on Cincinnati.com: Third Generation Ackermann Group Continues to Expand – Press Release 8.31.15
Third-Generation Ackermann Group Continues to Expand
Projections have Ackermann Group building, developing or acquiring 500 units annually.
Cincinnati-based Ackermann Group continues expansion in Greater Cincinnati, Indianapolis, Columbus and Dayton markets
[NORWOOD, Ohio ~ August 31, 2015] Seventy-five years after the Ackermann Group first opened shop as an apartment builder and single-family homebuilder in Cincinnati’s suburbs, this real estate services company is now a savvy force in its hometown and beyond, a third-generation builder and developer expanding across multiple Midwestern markets.
Ackermann Group of 2015 is a robust, diversified residential and commercial developer, looking to expand in major fashion by adding, building or buying as many as 500 apartment units annually.
Emphasizing the “Stay, Work and Play” mantra that the community-based developer has become, “growth today can come from several different avenues, whether by acquisition, new construction or value-add renovations,” says CEO Dobbs Ackermann of the Norwood-based company (www.ackermanngroup.com).
“There are just some incredible opportunities that we are seeing every day with our partners, investors and the communities; opportunities happening in the same places we’ve been fortunate enough to work previously, as well as in new markets,” said Ackermann.
Growth in such specific, defined terms only occurs when a slew of social and economic factors favorably align with a developer’s stars.
That mix of timing, cash and opportunity has particularly coalesced over the last year or so, as Ackermann Group gears up in its hometown and for a sustained Midwestern expansion into Dayton, Indianapolis, Columbus and eventually further south into Kentucky.
The path to progress for Ackermann Group has picked up with the following:
- The Fort in Indianapolis, a 226-unit apartment complex recently acquired in Lawerence, Indiana;
- The Flats at Fishers Marketplace is a $35 million, 306-unit multi-family residential new development connecting lifestyle and convenience north of Indianapolis;
- Austin Park in south Dayton (Miamisburg, next to Austin Landing) will soon provide more than 226 luxury apartments ringed by commercial, retail and restaurants;
- University Station in Cincinnati just recently delivered (late last year) a high-end community near Xavier University with 480 student housing residences, office and retail;
- The hiring of Lasserre Bradley III as Vice President of Real Estate, to spearhead new development opportunities.
# 30 #