Real Estate Alumnus Rises to Regional Corporate Leadership Post
George Mason MS in Real Estate Development (MRED) 2014 alumnus Malcolm Van de Riet was recently appointed as the City President for the metropolitan Washington D.C. region for Lennar Multifamily Communities (LMC), a wholly owned subsidiary of Lennar Corporation – one of largest publicly-traded home builders in the United States. LMC was established by Lennar in 2011 to build luxury Class A multi-family communities in major real estate markets. Over the last six years, LMC has become one of the largest multifamily developers in the country and has successfully developed over 13,000 institutional-quality apartment units in 45 communities with an aggregate investment of over $3 billion. The company currently maintains an active pipeline of new projects under construction and entitlement.
In Northern Virginia, LMC is developing the Lumen, a 32-story transit-oriented project adjacent to the Greensboro metro station on the Silver Line in Tysons. The Lumen will have 398 apartment units and 11,000 square feet of ground-level retail. The company has also recently completed construction of the Maris, a 6-story project in Annapolis, Maryland with 293 units. In January 2018, LMC sold the Tapestry at Largo Station, a 318-unit mixed-use building with 27,000 square feet of retail that the company built in March 2016 in Prince George’s County, to Hasta Capital of Mexico.
Prior to joining LMC, Malcolm was the vice president of development for Jefferson Apartment Group, led his own well-regarded development consulting firm White Oak Properties, and has been an adjunct professor at George Mason teaching real estate financial modeling to a new generation of real estate development graduate students.
“Malcolm was an early graduate of the MRED program and now gives back to our community by teaching a popular advanced Excel modeling course,” said Kat Grimsley, director of the MRED program. “He has consistently been a professional inspiration to our students, both as a successful entrepreneur while running White Oak and now as part of the leadership team at LMC. We are proud to have him as an MRED alumnus.”
Photos from M. Van de Riet and LMC
Tags: real estate development
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