Industry Veteran Sean Caldwell has joined GID to lead the national platform as President of GID Residential Partners

GID, a vertically-integrated real estate owner, operator, developer and investor with $31.5 billion in assets under management, today announced the expansion of its development business with the launch of GID Residential Partners, a dedicated multifamily development platform. The platform will advance and complement GID’s overall strategy of growing its private market platforms in sectors with attractive risk-adjusted returns in select, demonstrated markets across the United States.

GID Residential Partners will leverage GID’s deep experience, reputation, and national reach across investment, development and management teams to support the creation of high-caliber residential communities. GID’s vertically-integrated platform encompasses in-house development, design, construction and execution with its demonstrated market, operational, and investment capabilities and is designed to provide the new platform a powerful advantage to ensure consistent, high-quality execution for partners and investors.

“The launch of GID Residential Partners marks an exciting evolution of our development platform, the roots of which go back to our firm’s founding more than 65 years ago,” said Greg Bates, President and CEO of GID. “We believe this expansion allows GID to bring all its resources to bear in addressing the nation’s acute housing shortage. We expect to be a market leader in the production of new housing, leveraging the operational quality and consistency that GID’s residents and investors have come to expect.”

GID Residential Partners will be led by Sean Caldwell, as President. A highly-respected industry veteran, Mr. Caldwell brings decades of experience as a multifamily development executive, most recently at Mill Creek Residential, where he served as a founding partner and Executive Managing Director, and prior to that at Trammell Crow Residential. Known for his experience and leadership, Mr. Caldwell has overseen the development of over 15,000 multifamily homes.

“GID Residential Partners represents an exciting new chapter in GID’s continued expansion,” said Sean Caldwell. “I’m looking forward to building an exceptional team while working closely with GID’s leadership to leverage GID’s operational and financial strength to deliver quality multifamily developments at scale. I’m honored to lead this company.”

GID Residential Partners has an existing pipeline of 3,500 units in Atlanta, Houston, Austin, and Denver and is expanding in markets in the Northeast, Southeast, Southwest, and West. The platform expects annual development activity of approximately $1.25B, focusing primarily on wrap, podium, and garden communities.

“We are very pleased to welcome Sean to GID,” said John Gagnier, President GID Global Development (including, Multifamily, Industrial and Industrial Cold Storage).“While we expect continued development challenges in certain markets, the US housing market is fundamentally undersupplied, and we see a compelling opportunity for GID. Sean’s leadership will be key as we expand GID’s strength at scale to realize this opportunity and continue our mission to build enduring value for our residents and investors.”

GID is a nationally recognized leader in multifamily development, with a reputation as a trusted partner and innovator. The firm has delivered landmark projects including Waterline Square in New York, High Street in Atlanta and Cirrus and Stratus in Seattle. Its fully integrated platform provides alignment with partners and consistency. With GID Residential, the firm is extending this demonstrated, investor-aligned model to the national multifamily market.

About GID

GID is a privately-held, vertically-integrated real estate company that owns, operates, and/or manages a portfolio of multifamily and industrial assets, and develops multifamily and mixed-use projects across the United States. The firm also operates a credit platform that provides commercial real estate debt solutions for institutional borrowers. With corporate offices in Atlanta, Boston, Dallas, Dubai, New York and San Francisco, and 65 years of experience across multiple asset classes, GID is a seasoned real estate investor and manager with an integrated operating platform. As of September 30, 2025, GID owns and/or manages $31.5 billion of assets under management¹ across 57,000 apartment units and 28 million square feet of industrial and commercial space.

¹AUM is as of September 30, 2025 and is calculated in compliance with the definition for Assets Under Management (“AUM”) prescribed in INREV’s Global Definitions Database and includes the market value of real estate as well as non-real estate assets (including any cash in the vehicle or mandate) and committed but uncalled capital for which GID provides oversight and investment management services (for internal client capital and third-party capital) in the funds as well as “Other GID Accounts,” (as defined below) and accounts for which GID provides asset management services without an equity investment. Other GID Accounts include proprietary accounts and co-investment joint ventures with unaffiliated investors where the latter maintain significant approval rights over the management of these investments. Such investment vehicles are not considered "securities portfolios" or "private funds" for purposes of the Advisers Act and are not included in the regulatory assets under management reported in Form ADV Part 1A or Part 2A. As of December 31, 2024, the firm’s regulatory assets under management totaled $4.6B.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251030420063/en/