Company promotes Jon Chapman and Scott Cramton to elevated roles in growth markets
WELLINGTON, FL – April 9, 2025 – The Bainbridge Companies (Bainbridge) elevated two valuable team members to new roles with the growing multifamily real estate company. Orlando-based Jon Chapman and Charlotte, North Carolina-based Scott Cramton were named Area Vice President in their respective markets.
Chapman was previously Senior Regional Manager at Bainbridge. He has nearly a quarter-century of property management experience ranging from new construction lease-up communities to multi-million-dollar rehab assets. Chapman first joined Bainbridge in early 2022 and was named 2022 Regional Manager of the Year by the Apartment Association of Greater Orlando.
A Certified Apartment Portfolio Supervisor (CAPS) and Certified Property Manager (CPM) candidate, Chapman has managed a diverse range of assets across Florida, Georgia and South Florida. He is versed in portfolio management, with oversight of all aspects of operations including financial accountability, marketing, renovations/capital improvements and asset repositioning.
Cramton previously served as Regional Manager at Bainbridge, overseeing a portfolio of the company’s properties in North Carolina. He has nearly three decades of multifamily experience, including with RKW Residential, BH Management Services and Greystar.
Since joining Bainbridge over a year ago, Cramton has demonstrated excellence in community management. He and his on-site teams earned the company’s Metrics that Matter Q4 2024 Regional Cup Award for delivering exceptional service to residents at five of Bainbridge’s properties.
“Jon and Scott earned these promotions through their exceptional leadership, commitment to excellence and dedication to our collective success,” said Bainbridge Chairman, CEO and Managing Principal Richard Schechter. “Their impact will further expand in these new roles, helping ensure that we continue to create future-facing properties where residents can pursue better lives.”
Since its inception, Bainbridge has developed and acquired more than 43,000 apartment homes representing more than $8 billion in transactions.
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About The Bainbridge Companies LLC
The Bainbridge Companies LLC (Bainbridge) is a multifamily real estate company that has developed and acquired more than 43,000 apartment homes representing more than $8 billion in transactions since its inception in 1997. With approximately 500 employees nationally, Bainbridge engages in every step of the real estate process, from development and construction, acquisition, and disposition to asset management and property management of multifamily real estate. Bainbridge is headquartered in Wellington, Fla., and has offices in Atlanta, Austin, Bethesda, Charlotte, Dallas, Orlando, Raleigh, and Tampa. Learn more about Bainbridge at http://www.bainbridgecompanies.com.
Company strengthens presence in region through new acquisition of 228-unit community
WELLINGTON, FL – March 27, 2025 –Bainbridge Multifamily Acquisition Fund I, LP (the “Fund”), an affiliate of The Bainbridge Companies (“Bainbridge”) closed the acquisition of its first investment by the Fund, Charleston Wesley Chapel Apartments in Wesley Chapel, Florida. This strategic acquisition further bolsters Bainbridge's presence in the thriving Tampa Bay area, where it manages nearly 5,000 apartment homes.
Bainbridge's Acquisition Fund, targeting between $250 to $300 million in commitments, recently held a first closing of approximately $150 million for new property purchases in the company's targeted Sun Belt and Mid-Atlantic markets.
The 228-unit community, built in 2022, is known for its luxurious details and modern amenities and offers residents a premium living experience. It boasts upscale features including a beach entry pool, an indoor fitness center with a yoga area, a clubhouse with a media room and cyber cafe, a pickleball court, and dedicated dog runs and washes, as well as in-unit features such as quartz countertops, stainless steel appliances, and spacious walk-in closets. The property also offers both detached and attached garages, dedicated storage, electric vehicle charging and other modern amenities.
“We are tremendously excited about our first Fund investment, which was sourced on an entirely off-market basis and closed just over two months from our first Fund closing,” said Bainbridge President of Capital Markets Jake Wright, who, along with Bainbridge Chief Investment Officer Mark Stewart, is responsible for sourcing, underwriting and financing Fund investments. “We see a generational opportunity to acquire prime multifamily assets well below replacement costs through this Fund.”
“This acquisition strongly embodies all of the characteristics we are seeking in Fund investments, including well-located and well-executed stabilized multifamily properties in fast-growing Southeast and Mid-Atlantic regions, sourced on an off-market basis at a substantial discount to current replacement costs using Bainbridge’s vertical integration,” said Stewart. “Wesley Chapel is one of the fastest-growing markets in Florida, with strong potential for continued growth and absorption.”
Bainbridge closed the acquisition on March 11. Financial details of the transaction were not disclosed.
Bainbridge intends to utilize its full vertical integration, including its property and asset management, to manage and position the asset as a top apartment community in the Wesley Chapel market.
“We are dedicated to exceeding expectations and elevating the resident experience,” said Bainbridge Chief Strategy Officer Marcie Williams. “We will apply our operational excellence to ensure this community remains a best-in-class destination for those seeking a vibrant and fulfilling living environment.”
“We see tremendous potential in the Tampa MSA and are aggressively pursuing acquisitions to expand our footprint,” said Bainbridge Chairman, CEO and Managing Principal Richard Schechter. “This acquisition aligns perfectly with our bullish outlook on the region's future.”
Since its inception, Bainbridge has developed and acquired more than 43,000 apartment homes representing more than $8 billion in transactions.
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About The Bainbridge Companies LLC
The Bainbridge Companies LLC (Bainbridge) is a multifamily real estate company that has developed and acquired more than 43,000 apartment homes representing more than $8 billion in transactions since its inception in 1997. With approximately 500 employees nationally, Bainbridge engages in every step of the real estate process, from development and construction, acquisition, and disposition to asset management and property management of multifamily real estate. Bainbridge is headquartered in Wellington, Fla., and has offices in Atlanta, Austin, Bethesda, Charlotte, Dallas, Orlando, Raleigh, and Tampa. Learn more about Bainbridge at http://www.bainbridgecompanies.com.
WELLINGTON, FL--Bainbridge Multifamily Acquisition Fund I GP, LLC, an affiliate of the Bainbridge Companies (“Bainbridge”), successfully held a first closing of approximately $150 million in commitments for the Bainbridge Multifamily Acquisition Fund I, LP (the “Fund”). With a target raise of $250 million in commitments, Bainbridge plans to utilize the Fund capital to acquire 1990’s and newer high-quality multifamily properties at discounts to replacement cost in the premier multifamily real estate company’s targeted Sun Belt and Mid-Atlantic markets.
Bainbridge is pursuing stabilized existing apartment communities, value-add opportunities and distressed real estate acquisitions that fit the Fund’s criteria. Following completed acquisitions, Bainbridge’s market-leading in-house asset and property management teams will aim to enhance the communities through operational excellence that fuels net operating income growth, and a resident-first approach that creates an unmatched living experience.
“We are very pleased with the investor response to our initial fund,” said Bainbridge Executive Vice President and Chief Legal Officer Brian Doppelt, who, along with Executive Vice President and Chief Financial Officer Chris Phillips – a veteran private equity fund executive, oversees management of Bainbridge’s fund management business.
“Bainbridge is uniquely suited to execute on new multifamily acquisition opportunities in an environment where some property owners seek exits due to upcoming loan maturities, elevated capital costs or general uncertainty about the market’s near-term direction,” said Doppelt. “We believe conditions are favorable for purchasing well-located multifamily properties, and we are confident in our ability to source off-market opportunities through our relationships and track record. Our best-in-class management platform positions us to generate rent growth above market conditions and increase resident satisfaction at the communities we acquire.”
Phillips added, “Having been involved with several well-known private equity platforms, I am excited to be part of the launch of Bainbridge’s fund business. I look forward to the investment opportunities and providing first-class service to our investors and residents.”
Bainbridge has developed or acquired more than 43,000 apartment homes representing more than $8 billion in transactions since its 1997 inception.
The company’s senior leadership has more than 250 years of combined multifamily investment, finance, construction, asset management and operations experience. Bainbridge plans to leverage these in-house capabilities to maximize the value of its upcoming acquisitions.
“This Fund is a pivotal step toward accomplishing our growth objectives in 2025 and beyond,” said Bainbridge Chairman, CEO and Managing Principal Richard Schechter. “We have a robust pipeline of potential new acquisitions through the Fund and are excited to finalize those transactions.”
Bainbridge’s organic growth led to the company’s current inclusion in the National Multifamily Housing Council’s annual lists of the nation’s top 20 developers and general constructors, along with the Multi-Housing News list of the nation’s top 50 owners of apartments.
Pivotal leadership team member takes on expanded responsibilities with premier multifamily real estate company
WELLINGTON, FL – Feb. 3, 2025 – The Bainbridge Companies (Bainbridge) promoted a key member of its leadership team, as Brian Doppelt is now Executive Vice President and Chief Legal Officer of the premier multifamily real estate company. Doppelt, who was previously Bainbridge’s Senior Vice President and General Counsel, adds important new responsibilities to his existing areas of focus.
In his new role, Doppelt oversees management and capital raising activities for Bainbridge’s Fund management business. He continues to lead Bainbridge’s legal department and its legal affairs, including risk management. Doppelt is heavily involved in all of Bainbridge’s operations, including its investment committees, asset management, transactions and general corporate strategy.
“Brian has enhanced our company in many ways since joining Bainbridge in 2016,” said Bainbridge Chairman, CEO and Managing Principal Richard Schechter. “We have no doubt that he will thrive in this expanded role and help Bainbridge accomplish our growth objectives in 2025 and beyond.”
Bainbridge also welcomed experienced attorney Benjamin Werber as Assistant General Counsel. Werber, who has practiced law for nearly 15 years, earned his juris doctor from the University of Miami School of Law.
Doppelt has worked on more than $2 billion in transactions, including joint ventures, acquisitions and sales, since arriving at Bainbridge. He is a member of the National Multifamily Housing Council and serves in various charitable and community leadership roles, including as a Director of the Board of the MorseLife Housing Corporation, Inc.
“I am honored to be elevated to this role and assume new responsibilities,” Doppelt said. “This promotion is the product of a true team effort, and our dedication to excellence and achieving strong results has put us in position to grow our business.”
Prior to Bainbridge, Doppelt was an attorney with a New York-based white collar and securities litigation law firm, a prosecutor with the New York State Attorney General’s Office and a law clerk to the Hon. Richard M. Berman of the U.S. District Court for the Southern District of New York. Doppelt graduated from the Benjamin N. Cardozo School of Law, where he was a member of the Moot Court Honor Society.
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About The Bainbridge Companies LLC
The Bainbridge Companies LLC (Bainbridge) is a multifamily real estate company that has developed and acquired more than 43,000 apartment homes representing more than $8 billion in transactions since its inception in 1997. With over 650 associates nationally, Bainbridge engages in every step of the real estate process, from development and construction, acquisition, and disposition to asset management and property management of multifamily real estate. Bainbridge is headquartered in Wellington, Fla., and has offices in Atlanta, Austin, Bethesda, Charlotte, Dallas, Orlando, Raleigh, and Tampa. Learn more about Bainbridge at http://www.bainbridgecompanies.com.
Accomplished executive strengthens premier multifamily real estate company’s leadership team
WELLINGTON, FL and CHARLOTTE, NC – Jan. 15, 2025 – The Bainbridge Companies (Bainbridge) significantly enhanced its executive leadership team with the addition of Marcie Williams as Chief Strategy Officer. Williams brings more than three decades of distinguished experience in all aspects of multifamily real estate.
Based in Charlotte, North Carolina, Williams will oversee Bainbridge’s operations, brand, culture and growth. Bainbridge, which has developed and acquired more than 43,000 apartment homes representing more than $8 billion in transactions since its 1997 inception, is strategically pursuing portfolio expansion opportunities in targeted Sun Belt markets.
“Marcie’s arrival comes at an ideal time for Bainbridge,” said Bainbridge Chairman, CEO and Managing Principal Richard Schechter. “Her vast experience will benefit us in all aspects of the company and enable us to continue creating future-facing properties in first-rate neighborhoods where residents can pursue better lives. We enthusiastically welcome Marcie to the Bainbridge family.”
Prior to joining Bainbridge, Williams served as CEO at RKW Residential. Her impressive career also includes previous roles at Greystar and Camden Property Trust.
Williams is a Certified Apartment Portfolio Supervisor (CAPS) and Certified Property Manager (CPM®). She has been deeply involved in the Greater Charlotte Apartment Association (GCAA), acting as Board President and as a founding member of its Education Advisory Council. Williams has received numerous awards and recognitions from GCAA, Apartment Association of North Carolina, Charlotte Business Journal, GlobeSt and others.
“I am so excited to leverage my experience for the benefit of Bainbridge’s continued growth and success,” Williams said. “Bainbridge operates with a commendable and inspiring mission, always prioritizing its residents. I look forward to working with Bainbridge’s leaders to advance our mission.”
A University of North Carolina at Chapel Hill graduate, Williams is actively involved with the Institute of Real Estate Management (IREM) and Urban Land Institute (ULI) and serves on the Membership Committee for the National Multifamily Housing Council (NMHC) and the UNC-Charlotte Childress Klein Center for Real Estate Advisory Board.
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About The Bainbridge Companies LLC
The Bainbridge Companies LLC (Bainbridge) is a multifamily real estate company that has developed and acquired more than 43,000 apartment homes representing more than $8 billion in transactions since its inception in 1997. With over 650 associates nationally, Bainbridge engages in every step of the real estate process, from development and construction, acquisition, and disposition to asset management and property management of multifamily real estate. Bainbridge is headquartered in Wellington, Fla., and has offices in Atlanta, Austin, Bethesda, Charlotte, Dallas, Orlando, Raleigh, and Tampa. Learn more about Bainbridge at http://www.bainbridgecompanies.com.
