Opportunities in workforce and affordable housing have proved stable and shown to be one of the most resilient investments within the real estate sector. BAS through it’s portfolio company Redwood Dev Co (“Redwood”) is focused on developing thousands of workforce and affordable housing units in the coming years to provide supply to a much-needed gap in the marketplace. Redwood has amassed site control for over 5,000+ units in Miami-Dade County making it a major player in the workforce and affordable housing sector. The drastic increase in the cost of living has significantly outpaced income levels and there is a clear need for more workforce housing in South Florida and beyond.
Redwood specializes in Miami-Dade county developments, where the monthly cost of living has increased drastically when compared against national averages. Miami is now one of the most rent-burdened cities in the United States which has created scarcities in housing availability for working class families.
