Schottenstein Real Estate Group Becomes Largest Apartment Developer in Ohio

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Schottenstein Real Estate Group Plans to Build More Than 1,110 Apartments in Central Ohio This Year - Eyes Expansion Into Cincinnati and Florida.

The Schottenstein Real Estate Group, Building Industry (BIA) Developer of the Year in 2006 and 2010, is in a strong expansion mode and continuing to develop large projects. According to Columbus Business First, The Ohio and Florida based developer plans to build more than 1,100 apartments in Central Ohio this year - even as it eyes expansion into Cincinnati and Florida.

The Columbus builder's projects include the completion of Hilliard Grand and Hilliard Summit totaling 525 units and $51 million in construction, both of which will be 100% occupied upon completion. In 2012, Schottenstein Real Estate Group will build more than 1,100 rental units in Lancaster, New Albany, Orange Township, Polaris and Mason, Ohio featuring total construction when built of $105 million.

"We're in expansion mode," said Chairman/CEO Gary Schottenstein. “Statistics confirm that we are one of the largest residential builders in Ohio and the Midwest at this time.”

The Schottenstein Real Estate Group has built three condominium communities and over 500 households totaling more than $110 million in sales over the past several years. Expansion is also taking place outside of Ohio as the new $70 million Palm Beach Gardens, Florida project calls for a mix of apartments and retail on 43 acres.

“Our growth and success has been possible due to our employee-associates, including our leadership team of Chuck Evans, Gary Reitter, George Harmanis, Brian Schottenstein, Debbie Wilson, Ron Utterback, Melody Foster, and others,” said Schottenstein.

About Schottenstein Real Estate Group –
Named both the 2006 and 2010 Developer of the Year by the Building Industry Association (BIA), The Schottenstein Real Estate Group is respected as one of the leaders in the real estate industry. The Schottenstein Real Estate Group is dedicated to creating exceptional communities for living, working, shopping and entertainment. The SRE Group has developed, marketed and managed more than 10,000 for sale homes or condominiums, more than 25,000 rental units and a variety of commercial, retail, land and office projects throughout the Midwest and Florida.

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