SEATTLE, WA -- (Marketwire) -- 03/18/13 -- Steve Yoon, a Seattle real estate investment professional with over eight years of experience in the region, has been named vice president of development for Wood Partners' Northwest Region.
"Steve's credentials are impressive, but more importantly, he has a strong passion for real estate," said Frank Middleton, director of Wood Partners' Western region. "He also understands that our business is built on relationships and manages to juggle all those demands equally well."
Atlanta-based Wood Partners is among the nation's leading multifamily housing developers, having started 21 communities and approximately 5,100 units in 2012.
Yoon oversees the company's Northwest Region from its Seattle office, which opened in 2010. He is in the process of developing a 280 unit multifamily high rise in downtown Portland's Pearl District, which Wood Partners is pursuing jointly with local developer Hoyt Street Properties. Once permits are approved, construction on the project could start as early as this fall 2013.
In Seattle, work is under way on a 27-story, 298-unit high-rise apartment community at 225 Cedar Street in Seattle's vibrant Belltown. Wood Partners also hopes to break ground on a second project in Puget Sound this year. Despite some supply concerns, the Northwest remains attractive to investors because of the region's strong employment base, its projected short- and long-term job growth and the quality of living for its residents, Yoon said.
Prior to joining Wood Partners, Yoon served as a senior development manager for Harbor Urban in Seattle and its predecessor company, Harbor Properties. Yoon managed the development of several new construction projects as well as the management of stabilized residential assets.
Yoon earned a master's degree in business from the University of Southern California (USC) in 2004. He also holds a master's degree in construction management and a bachelor's degree in civil engineering from the University of California, Berkeley.
About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. In May 2012, it was ranked the nation's No. 1 multifamily developer with 3,750 unit starts. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the development of more than 40,000 homes with a combined value of more than $5.5 billion nationwide. Wood Partners has offices in 16 major markets nationwide including Atlanta, Baltimore, Delray Beach, Boston, Charlotte, Dallas, Denver, Houston, New York, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our Web site at www.woodpartners.com.
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