OUR
STORY

The Garrett Companies has been named the #1 fastest growing privately held real estate company in the USA (Inc.500, 2018).  We’re also the most-decorated team in the multifamily industry nationwide and 100% certified as a Great Place To Work.  So how did we get here?

 

Here is our story.  

ERIC GARRETT

PRESIDENT

Eric Garrett began his career in the 1990s as a broker for Marcus and Millichap (M&M) in Chicago selling multifamily projects around the Midwest. Eric was the company’s Rookie of the Year and had immediate success averaging over $100 million per year in sales. Eric learned two invaluable lessons from his time at M&M. First, he learned the importance of site selection and understanding what makes a strong site from a mediocre site. Second, he learned the importance of solid underwriting during the development process.

 

In the early 2000s, Eric was recruited by one of his largest clients to lead their development, construction, and management efforts. The developer had a goal to begin developing in growth markets around the United States. Eric’s goal was to identify the markets and sites and lead the team

through the process. Ultimately the company grew from one

project per year to being listed as the 7th largest multifamily

development company in the country and expanding into 11 states.

 

In 2008, Eric founded Watermark Residential in partnership with

Thompson Thrift Construction. The firm experienced immediate

success despite the turbulent economic climate in 2008. In less

than six years Watermark successfully developed 3,982 apartment

homes in 16 projects throughout eight states. Eric was the

Managing Partner of Watermark and oversaw all facets of the

development company including site selection, entitlements,

contract negotiations, strategic planning, financing, site

administration, and management.

Eric Garrett founded The Garrett Companies in 2014.  After selling

his interests in Watermark, Eric set his sights on creating a company

that fully integrated Development and Construction, while evolving

a business model he had created over a series of years.  With a

modest start in his backyard barn, an office was soon opened in the Polk Place building in Greenwood, Indiana.  In that first year, three sites were put under contract.  

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HISTORY

In 2015, The Garrett Companies’ first project, Waterview, kicked off construction with a third-party construction company. In that same year, Garrett Construction was formed and began work on our first project; West Lake. Projects went under contract in the new markets of Louisville and San Antonio.

By 2016, The Garrett Companies rapid growth caused the team to outgrow our Polk Place office and spurred the purchase of the new headquarters facility on Greenwood Springs Boulevard, which the team would officially move into early the following year.

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In 2017, The Garrett Companies had projects go under contract in three new markets: Colorado Springs, Orlando, and our hometown of Greenwood.  With the increase in project activity, The Garrett Companies increased our in-house capabilities in 2017.  Legal services were brought in-house with the hiring of a General Counsel. The Preconstruction department was formed with the hiring of a Director of Preconstruction. And TGC hired our first dedicated asset manager with a  Director of Property  Management.

The Garrett Companies’ business model came full circle in 2018 with the successful lease-up and sale of our first three communities. The company broke into two new markets this year with deals going under contract in Ft. Myers, and Castle Rock. The Acquisitions Team was formed with the hiring of a Vice President of Investments. Continued growth led to an expansion of the Greenwood Springs Headquarters to occupy space on the second floor.

TODAY

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With the founding of Garrett Residential in 2019, The Garrett Companies today is a fully integrated real estate company.  Specializing in class-A suburban multifamily projects, the company is quickly adding to our list of specialties including LIHTC affordable housing, mixed-use development, and restaurant management. 

The Garrett Companies also provides third-party services in property

management, construction, interior design, and site planning.  

Eric and his team have experience in 17 states and have

delivered more than 50 projects totaling over 13,000 apartment

homes.  The company has developed two unique restaurant

brands, with additional concepts soon to come to market.

The team excels at its mission to develop, build, and manage

multifamily assets nationwide using an approach that builds

value, eliminates risk, and provides superior risk-adjusted

returns, all while keeping our culture intact.  To date, the

company has received more than 25 national awards as a

Best Workplace and for record-breaking growth.  

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TOMORROW

Through the relentless pursuit of excellence, our vision is to become the most successful multifamily company in the country and use that success to better our team, the neighborhoods in which we work, and the lives of those who chose to call our communities home.