GID Residential Expands Multifamily Development Platform with Florida Launch

Industry veteran Omar Del Rio to lead the expansion and strategic growth across the region

NEW YORK--(BUSINESS WIRE)--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 residential development platform, with a strategic entry into the Florida market. The initiative will be led by industry veteran Omar Del Rio, who joins the firm as Senior Managing Director.

Building on GID’s longstanding multifamily development experience, the entry into Florida represents a natural extension of the Company’s recently announced GID Residential Partners platform. The growing presence in Florida aligns with GID’s broader strategy of scaling private market platforms in sectors with attractive risk-adjusted returns across select, high-growth markets in the United States.

“Florida is a dynamic, active region and is an important growth opportunity as we continue to build-out GID Residential Partners,” said Sean Caldwell, President of GID Residential Partners. “Mr. Del Rio’s deep local knowledge, leadership, and experience make him both a great fit for our rapidly growing platform and is exceptionally well positioned to lead our efforts and establish a strong presence in the region.”

Mr. Del Rio brings more than 30 years of real estate development experience in the Florida market. His background includes leadership roles with Related Companies, Fairfield Residential, Gables Residential, Quaterra, and most recently Eastwind Development. Over the course of his career, Mr. Del Rio has been involved in developing more than 11,000 homes across 40 communities throughout Florida, spanning a diverse range of product types including market-rate and tax credit housing, as well as garden-style and high-rise developments.

“GID’s fully integrated platform, strong culture, and commitment to quality create a unique opportunity to deliver thoughtfully designed communities at scale,” said Omar Del Rio. “I look forward to contributing to the firm’s accelerating presence in this dynamic market.”

GID Residential Partners continues to build upon GID’s vertically-integrated platform, including in-house development, design, construction and management capabilities, to support the delivery of high-quality residential communities throughout Florida and the country. Following its launch last year, the platform has established a pipeline of approximately 3,500 units across Atlanta, Houston, Austin, and Denver, with plans to continue expanding into key markets in the Northeast, Southeast, Southwest and West.¹

“Florida represents a compelling opportunity for our residential platform, given its strong demographic trends and sustained housing demand,” said John Gagnier, President, GID Development. “The addition of Mr. Del Rio reflects our commitment to assembling a high caliber team with deep local experience to drive continued platform growth in these strategically significant regions.”

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.

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.