GID, a vertically-integrated real estate owner, operator, developer and investor with $32.1 billion in assets under management, today announced the continued expansion of GID Residential Partners, its national development platform, with a strategic entry into the Mid-Atlantic market. The initiative will be led by industry veteran Duncan Jones, who joins the firm as Senior Managing Director.
Building on GID’s longstanding multifamily development experience, the entry into the Mid-Atlantic market, comprising Maryland, Washington D.C., Northern Virginia and North Carolina, represents an extension of the Company’s recently announced GID Residential Partners platform. GID’s presence across these states reflects the firm’s ongoing focus on expanding its private market real estate strategies in markets where fundamentals — including population growth, employment trends, and housing demand — have historically supported real estate investment activity.
“Expanding into the Mid-Atlantic represents a natural next step as we strategically scale GID Residential Partners,” said Sean Caldwell, President of GID Residential Partners. “The region offers a compelling opportunity for long-term growth, and Duncan’s strong experience across these markets positions him well to lead our efforts and establish a meaningful presence.”
Mr. Jones has 20 years of direct multifamily real estate experience, including 16 years as a developer across the broader Mid-Atlantic region, including Virginia, Washington DC, suburban Maryland and North Carolina. Mr. Jones has led and contributed to 25 communities and over 7,000 homes over the course of his career, spanning both rental and for-sale housing across a range of product types. For the past seven years, Mr. Jones led development activity with Akridge, where he served as Senior Vice President and Director of Multifamily.
“GID’s fully integrated platform provides a strong foundation to execute development opportunities across the Mid-Atlantic,” said Duncan Jones. “I look forward to working with the team to grow the platform and deliver well-designed communities in these key markets.”
GID Residential Partners builds upon GID’s vertically-integrated platform, including in-house development, design, construction and property management capabilities. Following its launch last year, the platform has established a pipeline of approximately 3,500 units across Atlanta, Houston, Austin, and Denver.1 The platform is currently expanding in Florida and Georgia, and plans to continue expanding into key markets in the Northeast, Southeast, Southwest and West.
“The Mid-Atlantic presents a strategic opportunity for our residential platform, supported by its resilient economic base and consistent demand for housing,” said John Gagnier, President, GID Development. “Bringing on experienced leaders like Duncan underscores our focus on building a high-quality team with local insight to support continued expansion in these key markets.”
GID has delivered landmark projects, including Waterline Square in New York, High Street in Atlanta and Cirrus and Stratus in Seattle. The firm’s vertically-integrated platform provides alignment with partners and consistency, and the expansion of GID Residential Partners will further enhance the firm’s visibility in the national multifamily market.
1. There can be no guarantee that GID’s sourcing capabilities will continue or that they will continue at the pace described herein.
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 December 31, 2025, GID owns and/or manages $32.1 billion of assets under management1 across 57,000+ apartment units and 28+ million square feet of industrial and commercial space.
1AUM is as of December 31, 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 Part2A. As of December 31, 2025, the firm’s regulatory assets under management totaled $5.8B.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414489749/en/
Media gallery
