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WHO WE ARE

OUR COMPANY

 

Founded in 2016, Stoneweg US is an opportunistic real estate investment firm with a nationwide platform focused on the acquisition and development of multifamily assets. We seek to deliver attractive, risk-adjusted returns to our investors by identifying market opportunities and optimizing asset performance, all while improving the resident experience through a variety of value-add strategies. Through our affiliation with Stoneweg SA, a Swiss-based real estate company with over $3 billion in assets under management, Stoneweg US serves as the exclusive US investment manager of Varia US Properties AG, a Swiss publicly traded multifamily real estate fund (SIX Swiss Exchange ticker: VARN). Stoneweg US also partners with US and international equity investors to acquire and develop multifamily assets in markets with strong population growth and positive trending economic conditions.  In 2020, Stoneweg US announced the formation of SW Fund I, an additional US-based investment fund targeting multifamily investments in emerging US Markets.  

GROWING INVESTMENTS,

BUILDING COMMUNITIES

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EXCELLENCE

We approach investing with a commitment to excellence and strive to be best of class in all facets of our business.  We set aggressive yet attainable investment hurdles and seek to exceed these goals through detailed execution of our business plans and creative solutions to issues that may arise.

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IMPACT

Our priority is to make a positive impact on everyone associated with our business and create value for all stakeholders through our disciplined investment approach that integrates social responsibility and environmental sustainability.  By efficiently developing and repositioning multifamily projects we serve an important social need and reduce our environmental footprint.

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VALUE CREATION

We strive to create value for our communities and their residents, as well as for our investors who make the opportunity possible.  We create value by identifying assets in high growth markets, aggressively negotiating purchase and debt terms and relentlessly executing our repositioning strategy across our portfolio.    

LEADERSHIP

Founder and CEO

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PATRICK RICHARD

 Chief Executive Officer 

Patrick Richard is the  Chief Executive Officer and Founder of Stoneweg US.  As CEO, Patrick has led all efforts to solidify the Company's position as an industry leader since its inception.  Under his leadership, the company has experienced exponential growth having expanded its portfolio value to over $1 Billion with 13,000 AUM, in the five short years since the Company's existence.  With a visionary approach that places the highest priority on generating value for its Stakeholders, Patrick continues to identify ways to inspire his team, and establish Stoneweg US as a dedicated partner for existing and new investors alike.  Patrick began his career in the real estate sector in Switzerland as a founding partner of Procimmo AG, a Swiss-based and regulated asset management company. During his 12 years with Procimmo SA, he was appointed Chairman of the Board and held this position through 2019.  He started to invest in the US real estate market in 2011 and  founded Stoneweg US in 2016.  Patrick holds a law degree from the University of Geneva, and has served on several Board education programs including the Swiss Board Institute and IMD.

EVP, Chief Investment Officer

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SAM PALMER

EVP, Asset Management and Development

Serving as the EVP of Asset Management and Development, Sam Palmer joined the Company in December 2020 and was named a member of the Leadership Team in early-2021.  As head of the Asset Management Team, Sam is responsible for overseeing high-level operations at all 50+ properties in the Company's portfolio.  Sam also leads the Company's Development Team and is tasked with sourcing and developing ground-up multifamily projects, with a pipeline currently at 1000 units.  Sam's industry experience spans over 20 years and includes senior executive and advisory roles in both institutional investment and nationally focused development companies.  Sam holds a Master’s Degree in Real Estate Development from the University of Southern California and a Bachelor’s Degree from the University of Nevada in History and Political Science.

 
 

SUSTAINABILITY

At Stoneweg US, environmental sustainability plays a key factor in creating the best apartment communities for our residents.  Stoneweg US is committed to implementing sustainable practices that are pragmatic and achievable. We have successfully reduced our environmental footprint by repositioning older multifamily assets (rather than demolishing and rebuilding) and by developing new high-performance multifamily projects with a focus on reducing waste, energy and water use.

 

Given that many multifamily communities are older and are less energy efficient or have fewer sustainability features, there is a prime opportunity to improve sustainability and add value to our assets. Our water and energy conservation programs have significantly increased the environmental efficiency of our assets, while improving our residents’ quality of life and maximizing returns for our investors. In addition to reducing utility consumption, Stoneweg US is also focused on waste reduction. Those strategies include recycling programs at most properties in the Stoneweg US portfolio.

The Stoneweg US sustainability/ESG goals are to:

  • Meet and exceed the Kingsley Resident Survey Overall Satisfaction Index score across our portfolio by the end of 2022.

  • Issue Stoneweg US employee engagement survey ranking in the 80th percentile annually.

  • Maintain resident retention rate across the portfolio > 55% annually.

  • Ensure 100% of Stoneweg US employees complete ESG training annually.

  • Reduce our portfolio’s site Energy Use Intensity by 15% by 2025 vs 2021 baseline.

  • Offer recycling and waste reduction services offered at every location by 2025.

  • Ensure climate risk assessments occur across the portfolio annually.

  • Ensure climate resilience is included in acquisitions, development, budgeting, and capital planning processes annually.

  • Ensure climate-related physical and transition risks examined across the portfolio by 2025.

  • Achieve recognized through GRESB in the upper quartile of North American multifamily submitters by 2025.

  • Create and measure Diversity, Equity and Inclusion Policy  by the end of 2022.

  • Produce ESG Annual Report and make public annually beginning in 2022.

Stoneweg US has successfully woven our sustainability program throughout our business. From creating a healthy, effective workforce to aggressively reducing our environmental impact, we are examining all avenues available to determine how sustainability can improve our company and add value for all of our stakeholders.​

Learn more about how Stoneweg US promotes sustainability through our ESG Policy.