Artificial Intelligence
Builders Company
Developers/Cortland
C
CortlandAtlanta, United States · founded 2005 · 2 active markets
PRIVATE

Cortland develops, renovates, owns, and manages multifamily apartment communities, primarily in United States growth markets, plus build-to-rent communities in the United Kingdom. Its resident-centric, hospitality-driven model serves renters while integrating investment, design, construction, operations, and property management for their investors.

Years in business
21
founded 2005
LinkedIn headcount
1,698
employees, as shown on LinkedIn · not stated on the page retrieved · size band 1,001–5,000
Portfolio value
USD 19.4 billion gross real estate value
June 30, 2026
Assets under management
USD 20 billion assets under management
September 2026
Projects last researched October 11, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Cortland Partners, LLC1
Headquarters
3424 Peachtree Rd NE Suite 3001, Atlanta1, United States
Founded
20051
Entity type
PRIVATE1
Business model
build to rent1, other1
Markets
2 markets listed
What they build
Residential, for rent (8 of 8)
Full dossier in About →

Delivery record

4 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
+7.3 mo
the middle of 4 scored projects
Average delay
+11.3 mo
the same projects, pulled by the worst
Average time to deliver
3.6 yrs
start to completion, over 3 delivered projects
Worst slip
+35.5 mo
Cortland Cassiobury · +30.0 to +41.0
2
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

4 date-assessed here · 245 developers, 918 date-assessed projects in United States
Median delay
Cortland·245 developers in United States
+7.3 mo vs +4.5 mo
this developer 2.8 mo worse
The typical project on each side.
Average delay
Cortland·245 developers in United States
+11.3 mo vs +7.5 mo
this developer 3.8 mo worse
Both pulled by their worst few.
On time
Cortland·245 developers in United States
50% vs 55%
this developer 5 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Cortland·245 developers in United States
3.6 yrs vs 2.9 yrs
this developer 0.7 yrs slower
Start to completion, over 3 delivered here and 758 in the market.
Projects and timelines in Track Record →

Resident experience

8 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.5/ 10
Weighted judgment across build and operations · from 8 of 8 rated buildings
Structure & systems
7.9/ 10
Fabric, services, waterproofing, envelope · from 4 of 8 rated buildings
Management & living
7.8/ 10
Upkeep, response times, amenities, community · from 8 of 8 rated buildings

Against other developers

8 rated here · 265 developers, 1362 rated buildings in United States
Overall rating
Cortland · 265 other developers in United States
8.5 vs 7.8
this developer 0.7 better
The weighted verdict on each side. From 8 of 8 rated buildings here and 1362 in the market.
Structure & systems
Cortland · 265 other developers in United States
7.9 vs 6.9
this developer 1.0 better
Fabric and engineering only — fixed at handover. From 4 of 8 rated buildings here and 574 in the market.
Management & living
Cortland · 265 other developers in United States
7.8 vs 7.4
this developer 0.4 better
Upkeep and response — belongs to whoever runs the building now. From 8 of 8 rated buildings here and 1309 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • REGULATORY May 22, 2024 search; complaint and proposed judgment filed January 7, 2025; settlement reported January 8, 2025; consent judgment dated April 10, 2025 On January 7–8, 2025, the U.S. Department of Justice brought an antitrust action against Cortland Management over alleged use of RealPage revenue-management products and competitively sensitive rental data, resolving the matter through a consent judgment that imposed restrictions on pricing-data use, compliance and cooperation obligations, and payments of $100,000 each to Colorado and North Carolina for costs and consumer-protection purposes; Cortland denied liability and the judgment expressly made no finding or admission of wrongdoing. The matter followed an FBI search of Cortland’s Atlanta office on May 22, 2024, during an investigation into potential antitrust violations; Cortland said it was not a target, and the criminal investigation was later described as no longer active.
  • DELIVERY DELAY 2024-07-15 (source publication date; article reports the council decision on July 9, 2024) The proposed Cortland Developments high-density residential scheme on a 1.55-acre Ascot Road site in Watford had not progressed by July 2024; Hertfordshire County Council instead backed leasing the site for a petrol station, shop, EV charging bays and drive-through restaurant, subject to planning permission.
Record status
active
Company sources
97 source entries across 95 fields
Projects tracked
8 · 8 completed in assessment
All flags and sources →

Track Record

Delivery record

4 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
+7.3 mo
the middle of 4 scored projects
Average delay
+11.3 mo
the same projects, pulled by the worst
Average time to deliver
3.6 yrs
start to completion, over 3 delivered projects
Worst slip
+35.5 mo
Cortland Cassiobury · +30.0 to +41.0
2
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

4 date-assessed here · 245 developers, 918 date-assessed projects in United States
Median delay
Cortland·245 developers in United States
+7.3 mo vs +4.5 mo
this developer 2.8 mo worse
The typical project on each side.
Average delay
Cortland·245 developers in United States
+11.3 mo vs +7.5 mo
this developer 3.8 mo worse
Both pulled by their worst few.
On time
Cortland·245 developers in United States
50% vs 55%
this developer 5 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Cortland·245 developers in United States
3.6 yrs vs 2.9 yrs
this developer 0.7 yrs slower
Start to completion, over 3 delivered here and 758 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

8 of 8 projects dated · 7 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Colorado Springs, United States
Birmingham, United Kingdom
Watford, United Kingdom
Miami, United States
Davenport, United States
Birmingham, United States
Decatur, United States
20172018201920202021202220232024202520262027todayCOLORADO SPRINGS, UNITED STATES−5 moverified+13 moestimatedBIRMINGHAM, UNITED KINGDOM+4 moverifiedWATFORD, UNITED KINGDOM+35.5 moverifiedMIAMI, UNITED STATEScompleted, no target publishedDAVENPORT, UNITED STATES+3 moestimatedBIRMINGHAM, UNITED STATES+28 moestimatedDECATUR, UNITED STATES+10.5 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 3 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

8 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.5/ 10
Weighted judgment across build and operations · from 8 of 8 rated buildings
Structure & systems
7.9/ 10
Fabric, services, waterproofing, envelope · from 4 of 8 rated buildings
Management & living
7.8/ 10
Upkeep, response times, amenities, community · from 8 of 8 rated buildings

Against other developers

8 rated here · 265 developers, 1362 rated buildings in United States
Overall rating
Cortland · 265 other developers in United States
8.5 vs 7.8
this developer 0.7 better
The weighted verdict on each side. From 8 of 8 rated buildings here and 1362 in the market.
Structure & systems
Cortland · 265 other developers in United States
7.9 vs 6.9
this developer 1.0 better
Fabric and engineering only — fixed at handover. From 4 of 8 rated buildings here and 574 in the market.
Management & living
Cortland · 265 other developers in United States
7.8 vs 7.4
this developer 0.4 better
Upkeep and response — belongs to whoever runs the building now. From 8 of 8 rated buildings here and 1309 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

8 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Cortland PetersonColorado Springs294 units
9.8/ 10
—/ 10
9.8/ 10

The largest directly identified resident review set is the Google-linked 4.9/5 rating from 20 reviews, which converts to 9.7/10 under the specified curve. The Chamber listing is slightly lower at 4.7/5 from 22 reviews, but not materially divergent under the disagreement rule; recurring praise supports a small upward commentary adjustment, producing 9.8 overall.

+ Responsive leasing staff+ Fast maintenance response+ Clean common areas+ Helpful management+ Strong pool and lounge amenities
− Delivery access-code problem− Occasional road noise− Stairs-only access in some buildings

no notes returned

no links returned

Published reviews repeatedly describe the leasing staff as “professional, friendly” and maintenance as quick, clear and effective; another reviewer said the common areas were “spotless” and the atmosphere felt cared for. The main operational reservations were a “no access code whatsoever” for deliveries, occasional road noise, and stairs-only access outside the main building.

Cortland Broad St.Broad Street, Birmingham440 units
9.2/ 10
9.2/ 10
8.3/ 10
HomeViews 4.5/5, 4.4/5, 4.6/5, 4.6/5, 4.6/5, 4.6/5 · 80 reviews · homeviews.com
Rightmove/HomeViews 4.5/5, 4.4/5, 4.6/5, 4.6/5, 4.7/5 · 70 reviews · rightmove.co.uk
Combined from 11 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.3.

The largest published review base found is the Google aggregate at 4.9/5 from 92 reviews, converted to 9.7/10 under the supplied curve. Resident platforms disagree materially and recent resident comments report operational deterioration plus isolated serious physical and safety complaints; those themes reduce the anchor to 9.2, while the recurring positive evidence supports a still-high living assessment.

+ Modern high-spec apartments+ Well-designed spacious layouts+ New gym equipment+ Clean lobby and facility rooms
− Reported wall and ceiling collapse− No air conditioning in flats− Persistent lift and corridor odour− No ventilation reported in lifts and corridors

Most published comments describe modern, well-designed apartments and good facilities; residents specifically mention that the gym equipment is new and public areas are pleasant. However, one March 2026 resident reported that “the wall and ceiling crashed after 1 year living,” while another reported persistent lift/corridor odour and “no ventilation, no resolution”; these are isolated reports in the material read, not a demonstrated building-wide pattern.

no notes returned

no links returned
Cortland South Kendall — second phaseKendall, Miami
8.6/ 10
—/ 10
7.0/ 10
VeryApt 10/10, 9/10, 8/10, 8/10, 10/10 · 1 review · veryapt.com
Combined from 5 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.

Google's 4.6/5 rating from 531 reviews is the largest eligible review base and converts to 8.8/10 before commentary. The overall result is 8.6 after the reported fire-alarm, noise and security complaints are offset in part by repeated praise for responsive maintenance, cleanliness, staff and community amenities. The second phase was reported opened in April 2023; the review evidence is for the named Cortland South Kendall property and does not isolate phase-two buildings, so phase-specific physical conclusions remain uncertain.

+ Well-maintained property+ Prompt AC repairs+ Efficient appliance and bathroom repairs+ Modern finishes+ Buildings described as clean and taken care of
− Repeated fire-alarm enunciator beeping− Delayed resolution of alarm-system problem
+ Responsive maintenance+ Friendly staff+ Clean common areas+ Peaceful atmosphere+ Resident events and amenities
− Pool-area noise and parties− Limited parking during pool use− After-hours security response concern− Dog waste complaint

Most physical-condition comments are favorable: reviewers describe the property as “well-maintained,” and multiple residents report AC, dishwasher, dryer and bathroom issues being fixed quickly. One April 2025 renter report describes a fire-alarm enunciator that beeped “every 3 seconds” through the night and following day/night, with resolution taking several days; this is a serious but isolated written report rather than evidence of a property-wide recurring defect.

Day-to-day reviews are strongly favorable: residents call the community “peaceful,” “beautifully kept,” and say staff are friendly while maintenance requests are handled quickly. Counterevidence includes a resident who reported loud pool-area parties, limited parking and inability to reach security at night, plus a VeryApt reviewer’s complaint that dog waste was not consistently collected.

Cortland CassioburyWatford486 units
8.3/ 10
8.0/ 10
HomeViews 4.5/5 · 110 reviews · homeviews.com
HomeViews via Rightmove 4.4/5 · 71 reviews · rightmove.co.uk
Combined from 2 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.
7.7/ 10
HomeViews 4.4/5, 4.3/5, 4.3/5, 4.5/5 · 110 reviews · homeviews.com
HomeViews via Rightmove 4.3/5, 4.2/5, 4.1/5, 4.4/5, 4.2/5 · 71 reviews · rightmove.co.uk
Combined from 9 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.7.

HomeViews’ 4.45/5 from 110 resident reviews is the largest published review base and converts to 8.4/10 under the requested curve. The near-sized Google result is materially lower, but the evidence also contains extensive recurring praise and some recurring operational/system complaints, producing a modest net downward adjustment. Evidence is current through the research date, but HomeViews states that Cortland ceased managing the development on 1 September 2026, so the rating should not be read as proof of the post-transition operator’s performance.

+ Effective MVHR / continuous fresh air reported+ Generally well maintained+ Modern, thoughtfully designed interiors+ Maintenance issues often resolved promptly
− Summer overheating− Limited window opening / natural ventilation− Intermittent lift failures− Bin-chute failures
+ Responsive management+ Helpful maintenance team+ Friendly staff and security+ Well-equipped gym, lounges and cinema+ Community events and dog facilities
− Limited parking− Occasional response delays− Some unmet facility expectations

Residents describe the development as generally well designed and maintained, and one review says the MVHR system provides “continuous fresh air.” Countervailing reports mention summer overheating because of limited natural ventilation, while another says the flat was “unbearably hot” for nearly three weeks and that the “ventilation system was useless”; that same review also reports frequent lift and bin-chute failures. The older construction-period alarm incident was attributed by Cortland to dust particles and followed by a deep clean, with the developer stating there was “no risk.”

Residents repeatedly praise the “cordial, attentive, and professional” team, quick service-ticket handling, friendly staff, community events and extensive amenities including the gym, lounges, cinema and dog park. The main operational reservations are limited or costly parking and occasional delays; one review says the concierge and security staff were kind but that “sadly that’s where the positives end,” citing poor ventilation, broken lifts and bin-chute problems.

Cortland Powers North Phase IIColorado Springs182 units
8.3/ 10
—/ 10
8.3/ 10

The largest reported rating is Google’s 4.4/5 from 255 reviews, which converts to 8.2 under the specified curve and sets the level. The written commentary is broadly favorable on management, maintenance and amenities, but recurring living-quality complaints about security, parking, trash service and phase-access communication produce only a small net adjustment; no separate structure score is supported.

+ Modern, well-designed apartments+ Prompt resolution of minor apartment issues
− Thin walls reported− Some Phase II amenities were unavailable during completion
Not found in sources: No quality issues reported in one Phase II review
+ Fast maintenance response+ Friendly leasing and management staff+ Well-regarded gym and pool+ Resident events and community engagement+ Convenient location and views
− Security and vehicle-break-in concerns− Parking enforcement and capacity complaints− Trash-valet complaints− Phase-specific amenity-access confusion− Dog-park cleanliness complaints

The Phase II resident review says the building was still being completed at move-in and that “some amenities were not available,” but also reports, “I have yet encountered any quality issues. Everything has worked as intended.” A separate resident reported that “walls are extremely thin,” which is a livability/acoustic complaint rather than evidence of structural failure; no published engineering or major systems failure report was found.

Residents repeatedly describe staff as “friendly,” maintenance as same-day or faster, and the gym and pool as standout amenities. The negative experience is not uniform: reviewers also report “lack of security,” vehicle break-ins, parking problems, trash-service failures, dog waste and confusion over whether Phase I and Phase II residents could use one another’s amenities.

Cortland VestaBirmingham
8.3/ 10
8.0/ 10
8.0/ 10

Google’s 4.5/5 rating from 229 reviews is the largest review base and converts to 8.5 under the specified curve. Apartments.com and UAB also publish high resident ratings, while the detailed security and garage complaints justify a limited downward adjustment; strong recurring praise for staff, maintenance and amenities partly offsets it.

+ Concrete walls reduce noise+ Property described as clean and well maintained+ Maintenance repairs reported as prompt+ Well-maintained amenities
− Pool heater reportedly unreliable− Lobby and elevators reported as gross− Parking-garage gate reportedly broken for 60 days
+ Responsive maintenance+ Friendly professional staff+ Rooftop pool and skyline views+ Resident events and community+ Walkable location
− Security concerns near garage− Lack of security reported− Homeless activity around building− Dirty lobby and elevators− Occasional neighbor noise

Residents describe the property as “clean and well maintained,” and one long-term resident says maintenance arrives “99% of the time... within a couple hours” and that issues are attended promptly. Counterevidence includes a report that the parking-garage gate was broken for 60 days, that the pool heater was repeatedly broken, and that the lobby and elevators were “gross.”

The dominant operational feedback is positive: residents call staff “friendly and helpful,” say service requests are handled quickly, and praise the rooftop, views, events and walkability. However, two detailed reviews raise safety concerns, including being accosted near the parking deck, a broken garage gate and “no security”; another says the lobby and elevators were “gross.”

Cortland Decatur EastDecatur378 units
8.1/ 10
6.5/ 10
6.8/ 10
VeryApt 7/10, 9/10, 9/10, 8.5/10, 8/10 · 2 reviews · veryapt.com
Combined from 5 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.8.

Apartments.com supplies the qualifying anchor with 4.6/5 from 64 renter reviews, which converts to 8.5 under the requested curve. The large written-review set is predominantly positive, but recurring reports of security, access, common-area and physical-upkeep problems justify a material downward commentary adjustment; the resulting resident-experience score is 8.0, while structure is held lower at 6.5 because the structural evidence is sparse and mixed.

+ Modern finishes+ Quality appliances+ Well-maintained apartments+ Elevators support move-in+ Beautifully designed apartments
− Roof leaks− Non-working hallway exhaust fans− Hallway odors− Dirty hallway carpets− Broken garage spigots− Wasp infestations
+ Responsive maintenance+ Friendly staff+ Strong amenities+ Quiet community+ Convenient MARTA access
− Package-delivery problems− Car-break-in reports− Electronic-key lockouts− Unresponsive office reports− Common-area cleanliness complaints

Most reviews describe modern apartments and quality finishes; one resident said the building was "clean and well-maintained," while another praised the "quality of appliances and the finishes throughout." However, a three-year review reported repeated roof leaks, non-working hallway exhaust fans, persistent odors and unclean carpets, so the physical-condition evidence is materially mixed and partly based on older resident testimony.

The strongest recent operational praise is for friendly staff, prompt maintenance, amenities and convenience: residents describe the team as "friendly, knowledgeable, and helpful" and say maintenance is "quick and professional." The negative reviews are substantial but less uniform, including reports of repeated package and car-security problems, electronic-key lockouts, unresponsive management, pests and dirty common areas; the page also contains a management response disputing the frequency of some security reports.

Cortland ChampionsGate — initial phaseDavenport
7.3/ 10
—/ 10
6.9/ 10

Google’s 4.1/5 aggregate from 276 reviews is the largest directly published review base and converts to 7.0/10. The score is reduced for recurring initial-phase complaints about unavailable amenities, construction and system failures, while repeated praise for staff and maintenance limits the reduction; the evidence supports 6.9 for living quality but not a separate structure score.

+ New construction+ Apartments reported in great condition+ Well-maintained grounds+ Modern appliances and finishes
− Repeated roof leaks− Repeated HVAC outages− Elevator and Wi-Fi outages− Building-door and gate failures− Construction-related repairs and noise
+ Responsive maintenance+ Helpful leasing staff+ Clean and attractive grounds+ Secure and private+ Resort-style amenities after completion
− Initial amenity delays− Construction noise− Unreliable gates and common systems− Unhelpful management reported by some residents− Parking allocation concerns

Physical-condition feedback is mixed. One resident reported “the roof leak 3 times before it was resolved” and the A/C going out “3/4 times,” while another described the units as “poorly made” with appliance issues; other residents said their apartments were “in great condition” and well maintained.

Later reviews commonly call the staff “responsive,” maintenance “quick,” and the property “quiet, clean, and stunning,” while initial-phase reviews describe living “without any amenities,” construction noise and unhelpful management. The strongest positive pattern is service responsiveness; the strongest negative pattern is the gap between promised and available amenities during early occupancy.

Only buildings that have reached handover are rated. 0 of 8 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Cortland Partners, LLC
Headquarters
3424 Peachtree Rd NE Suite 300, Atlanta, United States
30326
Founded
2005
Atlanta, US
Entity type
PRIVATE
Revenue
USD 1.7 billion annual revenue
not stated on the page retrieved
Business model
build to rent, other

Offices

head office and 9 others
CharlotteDallasDenverGreenwichHoustonLondonLeedsOrlandoPhoenix

Sources: office cities

COMPANYdate not shown in source

Meet Cortland | Cortland

Cortland
Headquartered in Atlanta, we own and manage apartment communities across the US with regional offices in Charlotte, Dallas, Denver, Greenwich, Houston, Orlando, and Phoenix. Internationally, we operate a build-to-rent (BTR) management and development platform in the UK.
value seen: Charlotte, Dallas, Denver, Greenwich, Houston, Orlando, Phoenix, London, Leeds
held out of the figures · the quote does not carry this value
https://cortland.com/meet-cortland/

Partners

7 partners
Declaration Partners Real Estate
joint venture

The preferred-equity joint venture provides gap capital for refinancing US apartment properties and targets subordinate debt investments in the $5 million to $25 million range.

GTIS Partners
joint venture

Cortland and GTIS announced their first joint venture to acquire 912 multifamily rental units in Texas and Florida.

Ram Realty Advisors
landowner

Cortland bought the community and nearly 10-acre second-phase site from Ram Realty Advisors and partnered with it on the new development phase.

Kaufman Lynn Construction
contractor

Kaufman Lynn Construction was a general contractor on the second phase of Cortland South Kendall.

Roger Fry Architects
contractor

Roger Fry Architects was part of the project team for the second phase of Cortland South Kendall.

Kimley Horn Engineers
contractor

Kimley Horn Engineers was part of the project team for the second phase of Cortland South Kendall.

Katchi Interior Design
contractor

Katchi Interior Design was part of the project team for the second phase of Cortland South Kendall.

Sources: partners

PRESS2024-09-16

Multifamily Investor Cortland Forms Prefered Equity JV With Declaration Partners

Commercial Observer · carried by cortland.com
Multifamily investor Cortland is teaming up with David Rubensteinanchored Declaration Partners Real Estate in a programmatic joint venture that will infuse gap capital for refinancing U.S. apartment properties
value seen: Declaration Partners Real Estate
https://cortland.com/in-the-news/multifamily-investor-cortland-forms-prefered-equity-jv-with-declaration-partners/

Sources: partners

PRESS2018-08-02

GTIS Partners and Cortland Form Joint Venture; Acquire 912 Multi-Family Rental Units in Texas and Florida

Business Wire · carried by cortland.com
GTIS Partners (“GTIS”), a real estate investment firm headquartered in New York and Cortland Partners, an Atlanta-based, vertically integrated multifamily investment and management firm, today announced their first joint venture.
value seen: GTIS Partners
https://cortland.com/in-the-news/gtis-partners-and-cortland-form-joint-venture-acquire-912-multi-family-rental-units-in-texas-and-florida/

Sources: partners

PRESS2023-04-21

Cortland Opens Brand New Phase Of Cortland South Kendall

Multifamily Biz · carried by cortland.com
The Atlanta-based multifamily firm bought the community, formerly known as Mareas, along with the nearly 10-acre site for the second phase of the project from Ram Realty Advisors in November 2021.
value seen: Ram Realty Advisors
https://cortland.com/in-the-news/cortland-opens-brand-new-phase-of-cortland-south-kendall/

Sources: partners

PRESS2023-04-21

Cortland Opens Brand New Phase Of Cortland South Kendall

Multifamily Biz · carried by cortland.com
The project team for this second phase of Cortland South Kendall included general contractors Kaufman Lynn Construction, Roger Fry Architects, Kimley Horn Engineers, and Katchi Interior Design.
value seen: Kaufman Lynn Construction
https://cortland.com/in-the-news/cortland-opens-brand-new-phase-of-cortland-south-kendall/

Sources: partners

PRESS2023-04-21

Cortland Opens Brand New Phase Of Cortland South Kendall

Multifamily Biz · carried by cortland.com
The project team for this second phase of Cortland South Kendall included general contractors Kaufman Lynn Construction, Roger Fry Architects, Kimley Horn Engineers, and Katchi Interior Design.
value seen: Roger Fry Architects
https://cortland.com/in-the-news/cortland-opens-brand-new-phase-of-cortland-south-kendall/

Sources: partners

PRESS2023-04-21

Cortland Opens Brand New Phase Of Cortland South Kendall

Multifamily Biz · carried by cortland.com
The project team for this second phase of Cortland South Kendall included general contractors Kaufman Lynn Construction, Roger Fry Architects, Kimley Horn Engineers, and Katchi Interior Design.
value seen: Kimley Horn Engineers
https://cortland.com/in-the-news/cortland-opens-brand-new-phase-of-cortland-south-kendall/

Sources: partners

PRESS2023-04-21

Cortland Opens Brand New Phase Of Cortland South Kendall

Multifamily Biz · carried by cortland.com
The project team for this second phase of Cortland South Kendall included general contractors Kaufman Lynn Construction, Roger Fry Architects, Kimley Horn Engineers, and Katchi Interior Design.
value seen: Katchi Interior Design
https://cortland.com/in-the-news/cortland-opens-brand-new-phase-of-cortland-south-kendall/

Registrations & licences

COMPANY NUMBER503184
Georgia Secretary of State Corporations Division · US
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

2 countries
United Statesactive 6 projects tracked
United Kingdomactive 2 projects tracked

What they build

1 type
Residential, for rent8 of 8
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
SD
Steven DeFrancis
Founder and CEO of Cortland, with more than three decades in multifamily development and management. He has led the company’s growth into an integrated multifamily investment, development and management platform, with a resident-focused operating model.
Current title
Chief Executive Officer
Experience
30+ years multifamily
Companies before
Capitol RealtyCapitol Development Group
Education
University of GeorgiaBS, Real Estate
Other boards
Atlanta Neighborhood Development Partnership
Known for
FounderValue-add development
https://linkedin.com/in/steven-defrancis-022a564

Sources: education

COMPANYdate not shown in source

Steven DeFrancis | Meet The Team | Cortland

Cortland
- BS, Real Estate, University of Georgia
value seen: BS, Real Estate — University of Georgia
https://cortland.com/meet-the-team/steven-defrancis/

Sources: linkedin page

COMPANY2026-10-06

LinkedIn

SOCIAL · carried by linkedin.com
https://linkedin.com/in/steven-defrancis-022a564
value seen: https://linkedin.com/in/steven-defrancis-022a564
https://linkedin.com/in/steven-defrancis-022a564

Sources: other boards

COMPANYdate not shown in source

Steven DeFrancis | Meet The Team | Cortland

Cortland
- Board Member, Atlanta Neighborhood Development Partnership
value seen: Atlanta Neighborhood Development Partnership
https://cortland.com/meet-the-team/steven-defrancis/

Sources: previous companies

COMPANYdate not shown in source

Steven DeFrancis | Meet The Team | Cortland

Cortland
- President and Owner, Capitol Realty - Co-Founder, Capitol Development Group
value seen: President and Owner, Capitol Realty; Co-Founder, Capitol Development Group
https://cortland.com/meet-the-team/steven-defrancis/

Sources: summary

COMPANYdate not shown in source

https://cortland.com/meet-the-team/steven-defrancis/

Steven DeFrancis | Meet The Team | Cortland
Steven himself holds a BA in Real Estate from the University of Georgia’s Terry College of Business, and he is a member of ... the board of the Atlanta Neighborhood Development Partnership...
value seen: Founder and CEO; resident-focused integrated platform
held out of the figures · the quote does not carry this value
value paraphrased from this source
Steven has over three decades of experience in complex multifamily development and management... Under his leadership, Cortland has grown into the international, integrated multifamily real estate investment, development, and management company that it is today.
COMPANYdate not shown in source

Steven DeFrancis | Meet The Team | Cortland

Cortland
As Cortland's founder and leader, Steven has over three decades of experience in complex multifamily development and management... Under his leadership, Cortland has grown into the international, integrated multifamily real estate investment, development, and management company that it is today.
value seen: Founder and CEO of Cortland, with more than three decades in multifamily development and management. He has led the company’s growth into an integrated multifamily investment, development and management platform, with a resident-focused operating model.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://cortland.com/meet-the-team/steven-defrancis/

Sources: tags

COMPANYdate not shown in source

Steven DeFrancis | Meet The Team | Cortland

Cortland
As Cortland's founder and leader, Steven has over three decades of experience in complex multifamily development and management, specializing in unique development and value-add opportunities.
value seen: Founder; 30+ yrs multifamily; Value-add development
held out of the figures · the quote does not carry this value
https://cortland.com/meet-the-team/steven-defrancis/

Sources: title

COMPANYdate not shown in source

Steven DeFrancis | Meet The Team | Cortland

Cortland
Steven DeFrancis Chief Executive Officer
value seen: Chief Executive Officer
https://cortland.com/meet-the-team/steven-defrancis/
MA
Mike Altman
Mike directs Cortland’s investments, focusing on asset management, capital raising and portfolio strategy. He joined as a development associate and progressed to EVP of Investments before becoming CIO.
Current title
Chief Investment Officer
since 2013
Experience
no career length stated
Companies before
Hammond Development, Inc.
Education
Harvard Business SchoolProfessional Leadership Development (PLD)
Georgia State UniversityMS, Real Estate
University of GeorgiaBS, Environmental Science
Other boards
none sourced
Known for
Investment leadershipAsset managementMS Real Estate
https://linkedin.com/in/mike-altman-2a3139b
I think that serving the customer first and letting the capital and investors follow is what has ultimately allowed us to grow so much. Walker & Dunlop December 3, 2020https://www.walkerdunlop.com/insights/q-a-mike-altman-cortland-chief-investment-officer

Sources: education

COMPANYdate not shown in source

Mike Altman | Meet The Team | Cortland

Cortland
- Professional Leadership Development (PLD), Harvard Business School - MS, Real Estate, Georgia State University - BS, Environmental Science, University of Georgia
value seen: Harvard Business School — Professional Leadership Development (PLD); Georgia State University — MS, Real Estate; University of Georgia — BS, Environmental Science
held out of the figures · the quote does not carry this value
https://cortland.com/meet-the-team/mike-altman/

Sources: linkedin page

COMPANY2026-10-06

LinkedIn

SOCIAL · carried by linkedin.com
https://linkedin.com/in/mike-altman-2a3139b
value seen: https://linkedin.com/in/mike-altman-2a3139b
https://linkedin.com/in/mike-altman-2a3139b

Sources: previous companies

COMPANYdate not shown in source

Mike Altman | Meet The Team | Cortland

Cortland
- Hammond Development, Inc.
value seen: Hammond Development, Inc.
https://cortland.com/meet-the-team/mike-altman/

Sources: quotes

PRESS2020-12-03

Walker & Dunlop

Walker & Dunlop
I think that serving the customer first and letting the capital and investors follow is what has ultimately allowed us to grow so much.
value seen: I think that serving the customer first and letting the capital and investors follow is what has ultimately allowed us to grow so much.
https://www.walkerdunlop.com/insights/q-a-mike-altman-cortland-chief-investment-officer

Sources: since

COMPANYdate not shown in source

Mike Altman | Meet The Team | Cortland

Cortland
before assuming his current role in 2013.
value seen: 2013
value paraphrased from this source
https://cortland.com/meet-the-team/mike-altman/

Sources: summary

COMPANYdate not shown in source

Mike Altman | Meet The Team | Cortland

Cortland
Mike directs Cortland’s investments, focusing on asset management, capital raising and portfolio strategy.
value seen: Mike directs Cortland’s investments, focusing on asset management, capital raising and portfolio strategy. He joined as a development associate and progressed to EVP of Investments before becoming CIO.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://cortland.com/meet-the-team/mike-altman/

Sources: tags

COMPANYdate not shown in source

Mike Altman | Meet The Team | Cortland

Cortland
Investment leadership Asset management MS Real Estate
value seen: Investment leadership; Asset management; MS Real Estate
value paraphrased from this source
https://cortland.com/meet-the-team/mike-altman/

Sources: title

COMPANYdate not shown in source

Mike Altman | Meet The Team | Cortland

Cortland
# Mike Altman Chief Investment Officer
value seen: Chief Investment Officer
https://cortland.com/meet-the-team/mike-altman/
JB
Juan Bueno
Juan leads Cortland’s operating platform and the strategies and plans serving residents, associates and investors. He joined from Avison Young after senior roles at The Home Depot and McKinsey, bringing consulting, sales-strategy and transformation experience.
Current title
President of Operations
since July 21, 2023
Experience
no career length stated
Companies before
Avison YoungThe Home DepotMcKinsey & Co.
Education
Northwestern UniversityMBA, Management & Strategy, International Business, and Entrepreneurship
Universidad de los AndesBS, Finance and Business Administration
Other boards
Metro AtlantaOrganizacion CoronaSodimac Colombia
Known for
Operations leaderEx-Avison YoungEx-McKinseyMBA
https://linkedin.com/in/juanpbueno
At Cortland, we see ourselves as industry shapers, and we recognize the importance of all our stakeholders—residents, associates, and investors. Multifamily Executive August 22, 2023https://www.multifamilyexecutive.com/business-finance/leadership/cortland-president-of-operations-juan-bueno-plans-for-transformation_o
By leveraging the strength of a vertically integrated platform, our service-oriented culture and a clear focus on resident experience, Cortland is poised for continued growth in the coming years. Cortland / PR Newswire July 21, 2023https://www.prnewswire.com/news-releases/cortland-hires-juan-bueno-as-president-of-operations-301882652.html

Sources: education

COMPANYdate not shown in source

Juan Bueno | Meet The Team | Cortland

Cortland
- MBA, Management & Strategy, International Business, and Entrepreneurship, Northwestern University - BS, Finance and Business Administration, Universidad de los Andes
value seen: Northwestern University — MBA, Management & Strategy, International Business, and Entrepreneurship; Universidad de los Andes — BS, Finance and Business Administration
held out of the figures · the quote does not carry this value
https://cortland.com/meet-the-team/juan-bueno/

Sources: linkedin page

COMPANY2026-10-06

LinkedIn

SOCIAL · carried by linkedin.com
https://linkedin.com/in/juanpbueno
value seen: https://linkedin.com/in/juanpbueno
https://linkedin.com/in/juanpbueno

Sources: other boards

COMPANYdate not shown in source

Juan Bueno | Meet The Team | Cortland

Cortland
- Board Member, Metro Atlanta - Board Member, Organizacion Corona - Board Member, Sodimac Colombia
value seen: Metro Atlanta; Organizacion Corona; Sodimac Colombia
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://cortland.com/meet-the-team/juan-bueno/

Sources: previous companies

COMPANYdate not shown in source

Juan Bueno | Meet The Team | Cortland

Cortland
- Avison Young - The Home Depot - McKinsey & Co.
value seen: Avison Young; The Home Depot; McKinsey & Co.
https://cortland.com/meet-the-team/juan-bueno/

Sources: quotes

PRESS2023-08-22

Multifamily Executive

Multifamily Executive
At Cortland, we see ourselves as industry shapers, and we recognize the importance of all our stakeholders—residents, associates, and investors.
value seen: At Cortland, we see ourselves as industry shapers, and we recognize the importance of all our stakeholders—residents, associates, and investors.
https://www.multifamilyexecutive.com/business-finance/leadership/cortland-president-of-operations-juan-bueno-plans-for-transformation_o
PRESS2023-07-21

Cortland / PR Newswire

Cortland / PR Newswire
By leveraging the strength of a vertically integrated platform, our service-oriented culture and a clear focus on resident experience, Cortland is poised for continued growth in the coming years.
value seen: By leveraging the strength of a vertically integrated platform, our service-oriented culture and a clear focus on resident experience, Cortland is poised for continued growth in the coming years.
https://www.prnewswire.com/news-releases/cortland-hires-juan-bueno-as-president-of-operations-301882652.html

Sources: since

PRESS2023-07-21

CORTLAND HIRES JUAN BUENO AS PRESIDENT OF OPERATIONS

Cortland · carried by prnewswire.com
Jul 21, 2023, 07:00 ET ATLANTA, July 21, 2023 /PRNewswire/ -- Cortland... appointed Juan Bueno President of Operations
value seen: July 21, 2023
value paraphrased from this source
https://www.prnewswire.com/news-releases/cortland-hires-juan-bueno-as-president-of-operations-301882652.html

Sources: summary

COMPANYdate not shown in source

Juan Bueno | Meet The Team | Cortland

Cortland
Juan leads Cortland’s operating platform and the strategies and plans serving residents, associates and investors.
value seen: Juan leads Cortland’s operating platform and the strategies and plans serving residents, associates and investors. He joined from Avison Young after senior roles at The Home Depot and McKinsey, bringing consulting, sales-strategy and transformation experience.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://cortland.com/meet-the-team/juan-bueno/

Sources: tags

COMPANYdate not shown in source

Juan Bueno | Meet The Team | Cortland

Cortland
Operations leader Ex-Avison Young Ex-McKinsey MBA
value seen: Operations leader; Ex-Avison Young; Ex-McKinsey; MBA
value paraphrased from this source
https://cortland.com/meet-the-team/juan-bueno/

Sources: title

COMPANYdate not shown in source

Juan Bueno | Meet The Team | Cortland

Cortland
# Juan Bueno President of Operations
value seen: President of Operations
https://cortland.com/meet-the-team/juan-bueno/
NS
Ned Stiker
Ned leads Cortland’s capital generation, fund and investor-relations strategies. His background includes institutional investor relationship management and financial analysis and modeling, following a career at Morgan Stanley.
Current title
Senior Managing Partner, Head of Client Relations and Capital Markets
Experience
no career length stated
Companies before
Morgan Stanley
Education
Williams CollegeBA, Economics
Other boards
none sourced
Known for
Capital marketsInvestor relationsEx-Morgan Stanley
https://linkedin.com/in/ned-stiker-9b76786

Sources: education

COMPANYdate not shown in source

Ned Stiker | Meet The Team | Cortland

Cortland
- BA, Economics, Williams College
value seen: Williams College — BA, Economics
held out of the figures · the quote does not carry this value
https://cortland.com/meet-the-team/ned-stiker/

Sources: linkedin page

COMPANY2026-10-06

LinkedIn

SOCIAL · carried by linkedin.com
https://linkedin.com/in/ned-stiker-9b76786
value seen: https://linkedin.com/in/ned-stiker-9b76786
https://linkedin.com/in/ned-stiker-9b76786

Sources: previous companies

COMPANYdate not shown in source

Ned Stiker | Meet The Team | Cortland

Cortland
- Morgan Stanley
value seen: Morgan Stanley
https://cortland.com/meet-the-team/ned-stiker/

Sources: quotes

PRESS2018-09-09

Bisnow

Bisnow
Getting the first meeting is 70% of it.
value seen: Getting the first meeting is 70% of it.
https://www.bisnow.com/news/national/capital-markets/super-rich-families-are-the-new-real-estate-lending-class-92639

Sources: summary

COMPANYdate not shown in source

Ned Stiker | Meet The Team | Cortland

Cortland
Ned leads Cortland’s capital generation, fund and investor-relations strategies.
value seen: Ned leads Cortland’s capital generation, fund and investor-relations strategies. His background includes institutional investor relationship management and financial analysis and modeling, following a career at Morgan Stanley.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://cortland.com/meet-the-team/ned-stiker/

Sources: tags

COMPANYdate not shown in source

Ned Stiker | Meet The Team | Cortland

Cortland
Capital markets Investor relations Ex-Morgan Stanley
value seen: Capital markets; Investor relations; Ex-Morgan Stanley
value paraphrased from this source
https://cortland.com/meet-the-team/ned-stiker/

Sources: title

COMPANYdate not shown in source

Ned Stiker | Meet The Team | Cortland

Cortland
# Ned Stiker Senior Managing Partner, Head of Client Relations and Capital Markets
value seen: Senior Managing Partner, Head of Client Relations and Capital Markets
https://cortland.com/meet-the-team/ned-stiker/
SK
Sandi Kim-Suk
Sandi leads Cortland’s global finance functions, including corporate finance, structuring, tax planning, accounting and reporting. Appointed in 2025, she brought senior finance and investment experience from Engine No. 1, Northwest Equity Partners, L Catterton and Citi.
Current title
Chief Financial Officer
since March 12, 2025
Experience
no career length stated
Companies before
Engine No. 1Northwest Equity Partners/Northwest Mezzanine PartnersL CattertonCiti Capital Advisors/Citi Infrastructure Investors
Education
Columbia Business SchoolMBA
Smith CollegeBA, Economics
Other boards
Anatomie Corporation
Known for
CFOCorporate financeMBAExecutive committee
https://linkedin.com/in/sandra-kimsuk

Sources: education

COMPANYdate not shown in source

Sandi Kim-Suk | Meet The Team | Cortland

Cortland
- MBA, Columbia Business School - BA, Economics, Smith College
value seen: Columbia Business School — MBA; Smith College — BA, Economics
held out of the figures · the quote does not carry this value
https://cortland.com/meet-the-team/sandi-kim-suk/

Sources: linkedin page

COMPANY2026-10-06

LinkedIn

SOCIAL · carried by linkedin.com
https://linkedin.com/in/sandra-kimsuk
value seen: https://linkedin.com/in/sandra-kimsuk
https://linkedin.com/in/sandra-kimsuk

Sources: other boards

COMPANYdate not shown in source

Sandi Kim-Suk | Meet The Team | Cortland

Cortland
- Board Member, Anatomie Corporation
value seen: Anatomie Corporation
value paraphrased from this source
https://cortland.com/meet-the-team/sandi-kim-suk/

Sources: previous companies

COMPANYdate not shown in source

Sandi Kim-Suk | Meet The Team | Cortland

Cortland
- Engine No. 1 - Northwest Equity Partners/Northwest Mezzanine Partners - L Catterton - Citi Capital Advisors/Citi Infrastructure Investors
value seen: Engine No. 1; Northwest Equity Partners/Northwest Mezzanine Partners; L Catterton; Citi Capital Advisors/Citi Infrastructure Investors
https://cortland.com/meet-the-team/sandi-kim-suk/

Sources: since

PRESS2025-03-12

Cortland names three new members to its team | News | Institutional Real Estate, Inc.

Institutional Real Estate, Inc.
People - MARCH 12, 2025 Cortland has named three new members to its team: Sandra Kim-Suk, CFO
value seen: March 12, 2025
value paraphrased from this source
https://irei.com/news/cortland-names-three-new-members-to-its-team/

Sources: summary

COMPANYdate not shown in source

Sandi Kim-Suk | Meet The Team | Cortland

Cortland
Sandi leads Cortland’s global finance functions, including corporate finance, structuring, tax planning, accounting and reporting.
value seen: Sandi leads Cortland’s global finance functions, including corporate finance, structuring, tax planning, accounting and reporting. Appointed in 2025, she brought senior finance and investment experience from Engine No. 1, Northwest Equity Partners, L Catterton and Citi.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://cortland.com/meet-the-team/sandi-kim-suk/

Sources: tags

COMPANYdate not shown in source

Sandi Kim-Suk | Meet The Team | Cortland

Cortland
CFO Corporate finance MBA Executive committee
value seen: CFO; Corporate finance; MBA; Executive committee
value paraphrased from this source
https://cortland.com/meet-the-team/sandi-kim-suk/

Sources: title

COMPANYdate not shown in source

Sandi Kim-Suk | Meet The Team | Cortland

Cortland
# Sandi Kim-Suk Chief Financial Officer
value seen: Chief Financial Officer
https://cortland.com/meet-the-team/sandi-kim-suk/
RM
Richard Munger
Richard is Cortland’s EVP of Development, appointed effective October 20, 2025. He brings more than three decades of multifamily development experience across Toro Development, Fairfield Residential, North American Properties, Gables Residential and The Worthing Companies.
Current title
EVP of Development
since October 20, 2025
Experience
30+ years multifamily
Companies before
Toro Development CompanyFairfield ResidentialNorth American PropertiesGables ResidentialThe Worthing Companies
Education
Georgia State UniversityMBA
Texas A & M UniversityBS
Other boards
none sourced
Known for
Head of developmentMBA
https://linkedin.com/in/richard-munger-35141a15

Sources: education

COMPANYdate not shown in source

Richard Munger | Meet The Team | Cortland

Cortland
- MBA, Georgia State University - BS, Texas A & M University
value seen: Georgia State University — MBA; Texas A & M University — BS
held out of the figures · the quote does not carry this value
https://cortland.com/meet-the-team/richard-munger/

Sources: linkedin page

COMPANY2026-10-06

LinkedIn

SOCIAL · carried by linkedin.com
https://linkedin.com/in/richard-munger-35141a15
value seen: https://linkedin.com/in/richard-munger-35141a15
https://linkedin.com/in/richard-munger-35141a15

Sources: previous companies

COMPANYdate not shown in source

Richard Munger | Meet The Team | Cortland

Cortland
- Toro Development Company - Fairfield Residential - North American Properties - Gables Residential - The Worthing Companies
value seen: Toro Development Company; Fairfield Residential; North American Properties; Gables Residential; The Worthing Companies
https://cortland.com/meet-the-team/richard-munger/

Sources: since

PRESS2025-10-30

Cortland names Richard Munger executive VP of development

Atlanta Business Chronicle · carried by bizjournals.com
Richard Munger has been appointed to serve as Cortland’s next executive vice president of development, effective Oct. 20.
value seen: October 20, 2025
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.bizjournals.com/atlanta/news/2025/10/30/cortland-richard-munger-executive-development.html

Sources: summary

COMPANYdate not shown in source

Richard Munger | Meet The Team | Cortland

Cortland
Richard is Cortland’s EVP of Development, appointed effective October 20, 2025.
value seen: Richard is Cortland’s EVP of Development, appointed effective October 20, 2025. He brings more than three decades of multifamily development experience across Toro Development, Fairfield Residential, North American Properties, Gables Residential and The Worthing Companies.
value paraphrased from this source
https://cortland.com/meet-the-team/richard-munger/

Sources: tags

COMPANYdate not shown in source

Richard Munger | Meet The Team | Cortland

Cortland
Head of development 30+ yrs multifamily MBA
value seen: Head of development; 30+ yrs multifamily; MBA
value paraphrased from this source
https://cortland.com/meet-the-team/richard-munger/

Sources: title

COMPANYdate not shown in source

Richard Munger | Meet The Team | Cortland

Cortland
# Richard Munger EVP of Development
value seen: EVP of Development
https://cortland.com/meet-the-team/richard-munger/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

8 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Cortland PetersonColorado Springs, United States
residential for rent2941————2024March 28, 2024Jun 2026 – Aug 2026Feb 2026−5.0 mo
(−6.0 to −4.0)
sourcedcompleted
Cortland Powers North Phase IIColorado Springs, United States
residential for rent1821————2021September 27, 2021May 2023Jun 2024+13.0 mo
(+13.0 to +13.0)
estimatedcompleted
Cortland Broad St.Birmingham, United Kingdom
Broad Street
residential for rent440135; six———2021November 18th, 2021Jan 2024 – Apr 2024Jan 2024 – Dec 2024+4.0 mo
(−3.0 to +11.0)
sourcedcompleted
Cortland CassioburyWatford, United Kingdom
residential for rent4861four to twenty-four———202030 July 2020Jul 2021Jan 2024 – Dec 2024+35.5 mo
(+30.0 to +41.0)
sourcedcompleted
Cortland South Kendall — second phaseMiami, United States
Kendall
residential for rent————————Apr 2023—not scorablecompleted
Cortland ChampionsGate — initial phaseDavenport, United States
residential for rent—————2021July of 2021Aug 2022Nov 2022+3.0 mo
(+3.0 to +3.0)
estimatedcompleted
Cortland VestaBirmingham, United States
residential for rent—————2017November 2017Sep 2018 – Nov 2018Feb 2021+28.0 mo
(+27.0 to +29.0)
estimatedcompleted
Cortland Decatur EastDecatur, United States
residential for rent3781——————Aug 2018Jan 2019 – Dec 2019+10.5 mo
(+5.0 to +16.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

5 found
RANKING Ranked 2026
NMHC Top 50 Owners
Cortland ranked No. 7 among U.S. apartment owners in the 2026 NMHC Top 50 Owners list, based on 81,258 units owned.
RANKING Ranked October 18, 2023
2023 Reputation Property Management Report
Cortland ranked first among the 25 largest property-management firms in Reputation's 2023 report, based on its Reputation Score; the report states that inclusion required a fee per community.
SAFETY / QUALITY Winner March 23, 2023
Best in Building Health — Greatest Number of Viral Response Approved Assets
Fitwel named Cortland the 2023 recipient for the greatest number of Viral Response Approved Assets, recognizing achievements in its 2022 viral-response practices; Fitwel notes that Cortland paid a one-time fee for adopting entity-wide policies and that assets paid fees for implementation.
SUSTAINABILITY November 5, 2024
GRESB Five-Star Ratings
Cortland Growth and Income and Cortland Enhanced Value Fund V each received five-star GRESB ratings for 2024, with the latter achieving the highest score among 39 U.S. value-add multifamily funds and the former ranking in the 88th percentile among U.S. core multifamily funds.
SAFETY / QUALITY Winner February 10, 2025
Kingsley Excellence Awards — Elite 5 Multifamily Companies
Cortland was listed among the Tier 1 winners of Grace Hill's 2025 Kingsley Excellence Elite 5, recognizing top-performing multifamily companies with more than 30,000 units.

Risks

Risk flags

2 found
REGULATORY May 22, 2024 search; complaint and proposed judgment filed January 7, 2025; settlement reported January 8, 2025; consent judgment dated April 10, 2025
On January 7–8, 2025, the U.S. Department of Justice brought an antitrust action against Cortland Management over alleged use of RealPage revenue-management products and competitively sensitive rental data, resolving the matter through a consent judgment that imposed restrictions on pricing-data use, compliance and cooperation obligations, and payments of $100,000 each to Colorado and North Carolina for costs and consumer-protection purposes; Cortland denied liability and the judgment expressly made no finding or admission of wrongdoing. The matter followed an FBI search of Cortland’s Atlanta office on May 22, 2024, during an investigation into potential antitrust violations; Cortland said it was not a target, and the criminal investigation was later described as no longer active.
DELIVERY DELAY 2024-07-15 (source publication date; article reports the council decision on July 9, 2024)
The proposed Cortland Developments high-density residential scheme on a 1.55-acre Ascot Road site in Watford had not progressed by July 2024; Hertfordshire County Council instead backed leasing the site for a petrol station, shop, EV charging bays and drive-through restaurant, subject to planning permission.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 11, 2026 this month
Profile last researchedOctober 11, 2026
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