APARTMENT DEVELOPMENT IN PORTLAND’S EAST END
This Confidential Project Overview (“Overview”) has been prepared by Redfern to assist prospective investors and/or venture partners in deciding whether to proceed with a further investigation and evaluation of a potential investment in an apartment development in Portland’s East End (“Project”)
No Offer or Solicitation
This Overview does not constitute an offer to sell or solicitation of any offer to buy any securities. It has not been filed with or reviewed by, and the securities offered have not been registered with or approved by, the Securities and Exchange Commission (the “SEC”) or any securities regulatory authority of any state, nor has the SEC or any authority passed upon the accuracy or adequacy of this Overview . Any offering of securities will be made only pursuant to definitive offering documents, including a private placement memorandum and subscription agreement, which will contain additional terms, conditions, representations, and risk factors (collectively, “Definitive Documents”) that interested parties must review carefully before making an investment decision
No Representations or Warranties
Neither Redfern nor any of its affiliates, members, managers, officers, agents, advisors, or representatives makes any representation or warranty, express or implied, as to the accuracy, completeness, or reliability of the information contained in this Overview . This Overview does not purport to be all-inclusive or to contain all of the information that interested parties may need or desire to make an informed investment decision Analysis and verification of the information contained herein is solely the responsibility of the prospective investor Redfern and its affiliates expressly disclaim any and all liability for any representations or warranties, whether express or implied, contained herein or for omissions herefrom Forward-Looking Statements and
Financial Projections
Certain statements contained in this Overview constitute forward-looking statements, including projections of revenues, net operating income, returns, capitalization rates, occupancy, rent growth, and other financial and operating metrics. All financial projections are based on assumptions relating to the general economy, market conditions, interest rates, regulatory environment, competition, construction costs, leasing velocity, and other factors beyond the control of Redfern and are therefore subject to material variation Actual results may differ materially from those projected herein Prospective investors should not place undue reliance on forward-looking statements, and Redfern undertakes no obligation to update or revise any projections or forward-looking statements. Due Diligence and Independent Analysis
Prospective investors are responsible for conducting their own independent investigation, analysis, and due diligence in making an investment decision regarding the Project. If authorized by Redfern, prospective investors may be permitted to conduct additional due diligence review, including site inspections, review of the Definitive Documents, review of environmental reports, examination of financial records, and discussions with management and third-party consultants Each prospective investor should consult its own legal, tax, and financial advisors before making any investment decision Risk Factors
An investment in the Project involves significant risks, including but not limited to: (i) risks associated with real estate development, including construction delays, cost overruns, and permitting or entitlement issues; (ii) market risks, including changes in rental rates, occupancy levels, and capitalization rates; (iii) financing risks, including changes in interest rates and availability of debt financing ; (iv) regulatory risks, including changes to zoning, rent control, inclusionary zoning, and other local ordinances; (v) environmental and geotechnical risks; (vi) the illiquid nature of real estate investments; and (vii) reliance on Redfern and its management team. Prospective investors should carefully consider these and other risk factors before investing.
Reservation of Rights
Redfern expressly reserves the right, in its sole discretion, to reject any or all expressions of interest or offers, to terminate discussions with any prospective investor at any time with or without notice, to modify or withdraw this offering, and to negotiate with any party without notice to other prospective investors Neither Redfern nor any of its affiliates or representatives has any obligation to provide any additional information or to update or revise this Overview
Contact Restrictions
All communications, inquiries, and requests for information relating to this offering should be directed exclusively to Redfern or its designated representatives. Under no circumstances should prospective investors contact Redfern's affiliates, partners, lenders, contractors, tenants, or other third parties without prior written authorization from Redfern.
FINANCIALS
PROJECT TEAM
PROJECT SUMMARY
PROJECT SCHEDULE
REDFERN PORTFOLIO
CONTACT INFORMATION
TAVATA
An Innovative Multi-Family Approach
Redfern is raising Limited Partner Equity to fund Tavata, an innovative multi-family apartment in Portland’s East End. Key investment attributes are as follows:
Strategic Location
Tavata sits in Portland’s hippest neighborhood, the Washington Ave district, on public transit, and walkable to the Old Port and Northeastern University’s new Roux Institute campus.
Roux Institute Partnership
The Roux Instiitute expects to grow enrollment to 3, 500 students in the new $500 M waterfront campus, but plans no housing. Tavata is ideally located and designed to meet this housing demand. Redfern is Northeastern’s housing partner for Portland, and recently entered into a Housing Cooperation Agreement for Tavata
Designed for Affordability
Tavata will address Portland’s housing crisis by delivering high-quality housing at a lower cost per renter than other new construction. Creating more affordable housing is not just doing good, it is good business. More affordability means a larger addressable market and reduced downside risk
Proven Operator
Redfern Properties is the leading developer and operator of Class A multi-family housing in Portland, with an excellent track record of completed projects.
PRIME DEVELOPMENT SITE
The Tavata parcel at 165 Washington Ave is a largely flat 1. 5 development site with an old industrial building (to be demolished) and a large gravel parking lot .
The site is on Portland’s Munjoy Hill at the northern end of Portland’s peninsula and abuts Eastern Promenade Park and Mt. Joy Orchard
Redfern commissioned Phase I and Phase II Environmental Site Assessments and geotechnical investigations and found nothing atypical.
The property is subject to Purchase & Sale Agreement with price of $6. 7M ($4. 4M per acre or $20, 600 per apartment unit). Land acquisition to close concurrent with equity financing.
URBAN WALKABLE/TRANSIT ORIENTED DESIGN
Tavata has no longterm Parking but:
Walkable to Downtown, Roux Institute, Whole Foods
On highest capacity Transit Line in Portland
Robust Bike Infrastructure
Links to Roux Institute
Access to new Roux Parking Garage
PORTLAND’S COOLEST NEIGHBORHOOD
“Portland Is In The National Spotlight...The Greatest Concentration Of Creativity And Talent Is Located On A Third Of-a-mile Strip Near A Highway Ramp. Inner Washington Avenue Is Home To More Than 20 Places To Eat And Drink, Ranging From Portland Institutions To Leaders Of The City’s Recent Restaurant Boom. With Less Than A Five Minute Walk Between The Farthest Points, There’s No Reason Not To Visit Them All”
Washington Avenue | The Food and Drink Capital of Maine The Maine Mag
PORTLAND: A ‘BEST CITY’ IN AMERICA
Portland’s broad appeal is driven by an expanding local economy and highquality of life. Portland has been recognized on a number of best of lists reflecting its growing popularity and reputation.
LIFESTYLE
#1 Best City in the US for Remote Work (2024)
#2 Most Livable Metro Areas (2025)
#4 Best Small City in America (2024)
Top 10 US City for Food and Drink (2024)
#7 Top Cities for Quality of Life (2025)
#3 Best Cities for Jobs (2026)
#1 Minor League Sports City (2024)
ECONOMIC MIGRATION
#7 Cities for Relocation Interest (2025)
#4 Top metros for Graduates (2025)
NORTHEASTERN UNIVERSITY ROUX INSTITUTE
Northeastern’s Roux Institute was founded with a mission to make Maine a leader in AI, data science, biotechnology, and other high-tech fields. With donations from David and Barbara Roux and the Harold Alfond Foundation, Northeastern is building a $500M waterfront campus, across Tukey’s Bridge from Tavata. With enrollment projected to grow to 3,500 and no plans for on-campus housing, the Roux Institute will bring substantial housing demand.
Redfern is Northeastern’s sole housing partner in Portland, with Roux students currently occupying 91 Redfern apartments. These leases will terminate (students will move to Tavata) upon opening of Tavata in 2028. While Tavata is designed for the general market, the feedback of graduate students has been carefully considered, with Tavata design features including small private bedrooms, co-working spaces, and communal rooms for social gathering.
Redfern and Northeastern have entered into a Housing Cooperation Agreement dated February 27, 2026 that describes the parties’ intent to make Tavata the primary housing option for Roux students. According to Chris Mallet, Chief Administrative Officer, of Northeastern’s Roux Institute:
“Our relationship with Redfern, and specifically the Tavata project, is an important part of Northeastern’s growth plan for the Roux Institute . ”
Campus Opening 2028
Proj. Enrollment 3,500
OTHER DEMAND GENERATORS
In addition to the Roux Institute, other important Portland-based institutions are growing. Maine Medical Center (“MMC”), the largest hospital in the state and the region’s largest employer, recently completed a major expansion. The main component of this development is the Malone Family Tower, an eight -story facility adding additional private patient rooms, operating and procedure rooms, and pre- and postsurgical beds, which will add around 300 new jobs to the market. This expansion is a long-term initiative aiming to secure MMC’s status as a world-class hospital meeting the region’s increasing healthcare needs.
University of New England (“UNE”) Medical School (right) is the only medical school in Maine and recently relocated from Biddeford to a new building in Portland. The new medical school building is expected to increase the medical school’s enrollment by 21% , and further boost Portland’s status as a medical hub.
UNE Medical School
RENT GROWTH FUELED BY HIGH COST TO
OWN AND RESTRICTED SUPPLY
Multifamily Rent ($) New Mortgage Payment ($)
Cost To Rent Vs Own
Rising Mortgage Costs have widened the affordability gap, making home ownership unattainable for most
The cost of owning now exceeds cost to rent by the highest margin in history Only 12% of current renter households could afford to buy in todays market
Apartment Rents Slow Where Supply Goes
Portland’s market is experiencing the highest rent growth of any Top 150 market
Strong Correlation between newly added supply and occupancy/rent growth
High supplied markets Austin, Denver, Nashville have seen rents decline (despite strong demand) due to oversupply
Northeast markets, including Portland with more constrained supply (often due to regulatory burden) seeing positive rent growth
PORTLAND MARKET OUTPERFORMING
2025 YoY Rent Growth: Portland vs Primary Markets
Average Rent: Portland vs National Average
Portland outperformed major Tier 1 apartment markets in 2025 Consistent rent growth exceeding national average since 2021
PORTLAND’S MARKET RATE APARTMENT SUPPLY
All recent supply has been quickly absorbed, keeping the market tight and further increasing rents
Portland rent growth is outperforming larger east coast markets, such as Boston, NYC, and Washington DC
No new supply on the horizon in Portland until Tavata opens in 2028
Thompson’s Point, by Cathartes Development , will also deliver in 2028, but it is a very different product . Located off -peninsula, Thompson’s Point focuses on two and threebedroom apartments with average rents above �3 , 400 . In contrast, Tavata pro forma rents average around �2 , 200 .
Erlang, Nightingale, and The Casco are Redfern projects.
Redfern New Lease -Up Absorption Redfern introduced 509 new units to Portland market Aug 2023 to April 2024
REDFERN PORTFOLIO OCCUPANCY
Redfern’s portfolio has averaged 98.7% occupancy since 2020 (excluding lease -up periods)`
CHALLENGING REGULATORY ENVIORNMENT
Portland’s
Burdensome Regulations:
‘An Irritant but a Meaningful Barrier -toEntry!’
Site Plan Approval
On February 25, 2025, Tavata obtained unanimous Site Plan approval from Portland’s Planning Board. The Site Plan Approval confirms the projects compliance with all Zoning, Code, Regulatory, and Technical Standards. The project is fully entitled and can apply for a Building Permit when Construction Documents are complete.
Inclusionary Zoning
Currently, Portland’s Workforce Housing Ordinance, requires Tavata to deliver 81 units (25% of 325) affordable to households earning up to 80 % of Area Median Income (AMI). This requirement is expected to change soon (See next page)
Rent Control
Portland also passed a Rent Control referendum in 2020, limiting rent increases to once per year with 90 days’ notice. Increases are tied to inflation with an additional 5% increase allowed on apartment turnovers.
INCLUSIONARY ZONING
IZ in the process of being Revised by City of Portland
Plan A :
Units
City Leaders acknowledging current IZ Policy is prohibitively burdensome and has commissioned study to review
Consultant CZB has issued report concluding that IZ is NOT WORKING and recommends elimination or significant rollback of Inclusionary Zoning in Portland (see summary slide)
City Council to meet in April to dconsider elimination, suspension, or rollback of IZ, with reasonable expectation for reversion to 10% / 100 % requirement from pre-2021
Plan B:
If the City Council doesn’t make the expected changes soon enough, Redfern has a Plan B
Tavata projected rents contemplate deeper Affordability than required by Ordinance but don’t meet “Letter-of-Law” .
Redfern expects to be able to negotiate a Workforce Housing Agreement with City Staff that will have comparable economics to 10% / 100 % IZ requirement
Tavata Pro Forma assumes 10% / 100% Workforce Housing Agreement
BUILDING DESIGN
Redfern hired Holst Architects, an award-winning firm from Portland, Oregon, to bring new perspectives and expectations to the project’s design, and Ryan Senatore Architects to complete the technical drawings and interface with the local code office and construction manager .
Holst’s design expertise is most notably in the way Tavata engages the street. The Washington Avenue façade is punctuated with masonry arches lined with brass-toned sheet metal, Juliett balconies, and large expanses of glass that bring natural light to all corners of the building.
The façade primary material, brick , is a durable and familiar material on Portland’s peninsula, but the white and tan color pallet is a contemporary variation of the traditional material .
The totality of the building’s design blends traditional Portland elements with contemporary touches that elevate Tavata in Portland’s built environment .
Tavata will be Redfern’s most elevated Architecture yet!
TYPE I CONSTRUCTION
Tavata will be Type I construction, meaning the frame will be made from reinforced concrete and protected steel, which will ensure durability, reduce insurance premiums, and cut long-term maintenance needs.
The exterior envelope (roof and walls) will be highly insulated, the roof to R-31 and the walls to R -33.5, and at 55, the Sound Transmission Class (STC) rating for units will exceed code requirements, which will provide a quieter and more comfortable living experience for Residents.
Because of the lower operating expense, and increased durability and longevity, concrete and steel buildings typically achieve lower Cap Rates, and thus higher values, than comparable wood-frame buildings.
Concrete/Steel buildings add long -term value vs. wood frame
INNOVATIVE PRODUCT MIX
Tavata will provide affordable, energy efficient, high-quality, homes for graduate students and downtown workers in flexible configurations that can accommodate Double Occupancy, thus reducing the rent cost per person below what is available in the Portland market
EFFICIENT STUDIOS
The Tavata studio is designed to provide a fully functional living space with full kitchens, bathrooms (with laundry), along with discreet spaces to sleep, work or study, and relax . These studios provide all of the comfort, convenience, and function of Redfern’s roughly 400sf studios in existing buildings but with a target price 10% lower, providing a meaningful value proposition to Residents
SMALL/ CONVERTIBLE ONE-BED
This compact, flexible layout features a private bedroom, full kitchen, and in-unit laundry . For single occupants, the unit functions as a typical, though small one-bedroom apartment, at an attractive price. The convertibility is based on focus group discussions with Northeastern/Roux graduate students who desire private rooms, but often have limited budgets. In Double Occupancy configuration, the apartment still provides all amenities (full kitchens, bathrooms, laundry, etc. ) but at price point below $1, 200 per month per person.
TRADITIONAL ONE-BEDROOM
Tavata includes a limited number of larger, traditionally designed one-bedrooms ideal for singles or couples seeking more space. With market rents now exceeding $2, 500, these units fall outside the project’s core affordability range and are instead tailored to downtown professionals or Northeastern/Roux Institute faculty looking for a spacious, high-quality apartment in a central location.
TWO -BEDROOM
Tavata includes 78 two-bedroom units, designed primarily for roommate living. These units offer larger bedrooms and living spaces than the Convertible One Bedroom, with only a modest increase in cost per person. Of the total, 37 have windows in both bedrooms, while 41 feature one sharedlight bedroom, allowing for more affordable pricing within this high-demand layout .
AMENITIES
Tavata’s Amenities Are Designed For Residents Who Need Space To Work, Relax, And Connect . There Are Quiet Spots To Focus, Open Areas To Hang Out With Friends, And A Gym To Recharge. They include:
• Co-working space
• Ten “Buzzy Booths”
• Fitness room
• Game room
• Roof-deck
• Courtyard
• Electronic package concierge
• Bike room
• A mini-market with snacks
RETAIL
FITNESS GAME ROOM LOUNGE
BUZZY BOOTHS
AMENITY LAYOUT
LIVING ROOM LOUNGE
MAIL/PACKAGE
SEATING
BRANDING
Tavata’s branding encapsulates themes of harmony and balance. The word Tavata, in Finnish, translates to “to meet or come together.” The color palette consists of coral/orange, earthy beiges, and black accents. Redfern has carefully designed marketing and branding materials catered specifically to Tavata. The project’s identity will effectively translate across all marketing platforms, from digital to physical signage. The building will be home to a wide array of residents, and the communal spaces and active management are designed to facilitate a sense of community within the building
PORTLAND APARTMENT COMPARABLES
COMPARABLE STUDIO UNITS
COST PER BEDROOM
TAVATA RENT PER BEDROOM
DEVELOPMENT BUDGET
Total Development Costs (TDCs) below $300,000 per unit for high-quality new construction represents attractive cost basis
GMP assumption of $71.9M is based on most recent Estimate from Penobscot General Contractors ($71.9M/208,709sf = $344 psf)
Efficiency Maine rebates of $(715,000) are related to energy efficient equipment purchases and have been conditionally approved
Developer fee of 3% of TDCs, of which Redfern will defer 2/3, taking as Class A member units (same security as Equity Investors)
Total Contingency of $5,xxx,xxx includes Owners’s Contingency and the Construction Manager’s Contingency
Development Costs
STABILIZED OPERATING STATEMENT
PRO FORMA
Redfern has prepared a detailed Year 1 stabilized operating pro forma for Tavata, assuming stabilization in 2028
Revenue is based on the proposed unit mix, with rents trended at 3% annually through the lease-up period
A 4% vacancy and credit loss assumption is used, slightly above Redfern’s recent portfolio performance. Expenses generally increase at 3% annually
CAPITALIZATION
Redfern is currently negotiating Debt Tems with several Banks and expects a loan amount of $75. 0M. Most likely the Bank Debt will come from a syndicate of 3 or 4 local banks.
The remaining $21. 1M in Funding will come from the sale of Class A Member units. Of these units Redfern will contribute roughly $3. 1M in the form of $1. 5M cash and will take the majority (2/ 3) of its 3% Development Fee as equity (rather than cash). Redfern takes the majority of its Fee in Class A units, the same units held by Limited Partners, to maintain alignment of long-term objectives. In total Redfern would own roughly 3. 1M ‘Class A’ units. The remaining equity, roughly 17. 9M Class A units, will be raised from Limited Partners. A ‘Preferred/Promote’ structure will be implemented whereby Class A units are paid a Preferred Return of 8% , after the construction period. Redfern will receive Class B units, amounting to 30 % of the Total Member Units. (See slide ‘THE OFFERING’ for additional details).
BANK FINANCING
Redfern is seeking construction-to-permanent financing for Tavata in the amount of $75M. Proceeds from the loan will be used primarily for construction. Land acquisition, soft costs, and initial construction requisitions will be paid with equity, with loan drawdown beginning only after equity is expended.
The $75M loan amount represents roughly 78% of Total Project Costs, but is less than 65% of the expected ‘as-stabilized’ appraised value (see section ‘Valuation’). A 10-year term with a 5-year Interest-Rate SWAP (floating rate thereafter) may be preferred based on the current rate environment . Redfern would seek an interest -only period of 42 to 48 months, to cover the 24 months of construction plus a lease-up phase. After the interest -only period, the loan should amortize over 30 years. The figure to the right shows the desired terms, though Redfern is pleased to consider alternative terms and proposals.
The table below shows the projected debt coverage ratios.
*Interest Only Period
^The debt payments for the first six months of operation are capitalized for a lease-up period.
VALUATION
CBRE 2H Cap Rate Survey:
Tier 1 Multi-Family Cap Rate (Urban Infilll): 4.75%
Boston: 4.50%-4.75%
Recent Transaction:
The Residences at Crosstree, Freeport, Maine
Sale Price: $58M
Cap Rate: 5.7%
Price/Unit: $395,833
Wood-Frame Construction, Suburban Location (Inferior)
ANTICIPATED EQUITY TERMS
Security:
Maximum Offering Amount:
Min Amount Per Investor:
Max Amount Per Investor:
Preferred Return:
Sponsor Promote:
Distribution Waterfall:
Class A Membership Units
$21, 500, 000
$100 , 000
$4, 000, 000
8% Commencing After Construction (24 months)
30 % only after LP returns (see below)
No returns to limited partners (LPs) during construction
In ensuing years, LPs earn a preferred 8% return on unreturned capital contributions, and after preferred returns have been paid, LPs will receive 70% of any additional Cash Flow from Operations
After LPs’ initial capital contributions have been returned, LPs will receive 70% of all distributions
Distributions from major capital events (sales, refinancing, etc. ) will be used first to pay any accrued preferred returns and second to pay back any unreturned capital balances. When additional amounts are available, LPs will receive 70% of related distributions
Developer Fee of 3% (2/ 3 received as Class A Membership Units) and Asset Management Fee (once stabilized) of 0.
Revenue
PROJECTED INVESTOR RETURNS
All figures shown are thousands ($000)
Contemplates a hypothetical Year 10 Exit sale at 5.5% Cap Rate
Assumes 3% Revenue and expense growth annually
TAX ADVANTAGES OF MULTI -FAMILY INVESTING
Redfern’s previous projects have delivered Tax Losses to Limited Partners alongside Caah Distributions
Longfellow LLC
NOTE: Figures shown are per $100,000 of cash invested as Class A member equity
Use of bonus Depreciation and Cost Segregation Studios allow for accelerating depreciation in the early years of investment.
PROJECT TEAM
Redfern has assembled an experienced team of largely local firms. The key members of the design team RSA, Acorn Engineering, St ructural Integrity, and Soren Deniord, have all be working with Redfern for more than a decade and together have an unblemished track record of delivering complex projects.
CONSTRUCTION MANAGER
PGC is a 100 % Employee-Owned Company that has evolved into one of Maine's most dynamic construction firms. Their portfolio spans retail, commercial, and multifamily projects; notably, they recently completed the construction of The Armature, a 171-unit multifamily building in Portland’s Bayside, and The Eddy, a 250 -unit multifamily building in Biddeford, Maine.
Redfern intends to engage with PGC on a “CM at Risk” basis, an arrangement by which they will serve as Redfern’s partner during preconstruction, build the project with full disclosure of all actual costs, and take all risk for any costs above a contractually agreed upon Guaranteed Maximum Price (“GMP”). Redfern is targeting $73. 1M for GMP and expects PGC to meet this target.
PROJECT HIGHLIGHTS
Prime Location
Located in Portland’s East End, a short walk to the Old Port, the Roux Institute, and the Atlantic Ocean, and along the Washington Ave restaurant corridor, Tavata is ideally suited for apartment living.
Innovative Product Design
Flexible and efficient floorplans allowing opportunities for rent -splitting (roommates), combined with thoughtful common amenities will allow Tavata to welcome Residents across a variety of price points and foster strong community .
Concrete/Steel Construction
Tavata will be Type I Construction. Concrete and steel buildings are more durable, and cheaper to maintain and insure over the long-term, yielding increased value versus wood-frame buildings.
High Demand Low Supply Market
Portland faces an acute housing shortage, with demand steadily rising due to Portland’s broad appeal. Regulatory burdens and geographic constraints will keep supply low .
Best -in -Market Developer/Operator
Redfern Properties has been Portland’s most active multi-family developer over the past decade, with a long track record of successful projects.
Elevated Architecture
Redfern hired a national architecture firm to create a landmark building. With arches and copper, the design palette and materials will be noteworthy .
Roux Institute Partnership
Redfern’s partnership with Northeastern/Roux will support demand for Tavata apartments by graduate students, likely accelerating initial lease-up and increasing long-term occupancy .
Affordability Increases Addressable Market
By reducing the entry price point for Residents, Tavata expands its universe of potential Residents.
SOCIAL, CIVIC, AND ENVIRONMENTAL IMPACT
Tavata: A Non-concessionary Impact Investment
Density as A Solution to Portland’s Housing Crisis
Small, dense units drive down rent while maintaining PSF revenue and creating a larger renter pool
Focused on graduate students and restaurant workers – not lawyers and doctors
Supporting Economic Development through Roux Institute Partnership
The Roux Institute at Northeastern is building a $500M Campus focused on Tech and AI.
The Campus is designed to accommodate 3,500 Graduate Students and 400–500 New Jobs
No plans to build housing
PROJECT SCHEDULE
3/ 11-6/ 15/ 26
4/ 30 / 26
6/ 15/ 26
6/ 2026-5/ 2028
Lease-Up:
5/ 2028-12/ 2028
REDFERN TEAM
Jonathan Culley, Managing Partner, has extensive business, investment, and real estate experience. He co-founded Redfern Properties in 2005 and is responsible for the overall activities of the firm.
Catherine Culley, CoFounder/Partner, has broad experience in managing detailed projects and programs. She provides vision and project management on all of Redfern’s developments and has a keen focus on sustainability issues.
Haynes Johnston, Director of Real Estate Development , joined Redfern Properties in 2021 and supports the firm’s development activities. Prior to Redfern Properties, he worked as an architectural designer for the Knickerbocker Group.
Peter Zimmons, VP of Finance and Accounting , manages Redfern’s finance and administrative activities. Prior to joining Redfern, Pete was the VP Finance at GL Rogers a real estate family office. Earlier he worked in finance roles for best -in-class Boston
Jonathan is the past Board Chair of Avesta Housing, the largest nonprofit affordable housing provider in Northern New England. He also serves on the Boards of Project Home, Waynflete School, and Hearts of Pine, SC, where he is a Founding Partner .
Prior to Redfern Properties, Catherine was a founder/owner of Chaney, Culley & Associates, an event management and logistics firm based in Seattle.
Haynes holds a Masters Degree in Sustainable Real Estate Development and a Masters in Architecture, both from Tulane University and a B. A . from Bates College.
Real estate firms including Related Beal and Northland.
Jonathan holds an A . B. and an M. B. A . ,
Catherine holds a B. A . from the University of Virginia.
Peter holds a B. A . from University of Delaware and a Certificate in Real Estate Finance from Boston University .
