How the Residential and Multifamily Sectors Are Changing

Kidder: “In addition to higher asset values, there is a host of headwinds including increasing development-impact fees, rising commodity prices, continued labor shortages and significant political opposition to new development.”

NEWPORT BEACH, CA—The most relevant change in the residential and multifamily sectors is the level of sophistication that is now required, which calls for teams with individuals who contribute specialized knowledge and relationships, Land Advisors Organization’s David Kidder tells GlobeSt.com. Kidder was recently appointed president of LAO’s California Division to oversee all aspects of the business, including strategic leadership of the firm’s operations and continued growth of its affiliated companies.

Before his new appointment, Kidder had served as president of Landmark Capital, an LAO-CA-affiliated company disciplined in finance and private equity for residential and commercial real estate projects. In his new position at LAO-CA, he will retain his role as president of Landmark Capital to further integrate and grow the affiliated companies.