## Stoneweg US Recognized as Top Multifamily Influencer for Sustainable Workforce Housing
Stoneweg US, a national leader in sustainable workforce housing asset management, has once again been recognized for its impactful work in the multifamily real estate sector. GlobeSt. Real Estate Forum, known for highlighting key innovators and leaders in the field, has named Stoneweg US a top Influencer in Multifamily Real Estate. This accolade marks the second consecutive year the firm or one of its operational leaders has received this honor, solidifying their position as a driving force in transforming workforce housing into a model of sustainability.
In 2023, Thomas Stanchak, managing director of sustainability at Stoneweg US, was individually recognized by GlobeSt. as a top influencer in the multifamily sector. Now, in 2024, the entire firm has been selected for its continued impact on the multifamily landscape, particularly its leadership in sustainability, innovation, and community engagement.
A Commitment to Sustainable Solutions
“We are immensely proud to be recognized by GlobeSt. as a multifamily influencer,” said Patrick Richard, CEO of Stoneweg US. “Our goal is to reshape workforce housing by integrating sustainability into every facet of our operations, from reducing energy consumption and greenhouse gas emissions to empowering communities with innovative social sustainability solutions. This recognition speaks to the remarkable work of our team, partners, and the focus we’ve placed on creating long-term value for our investors, residents, and the communities we serve.”
Stoneweg US has consistently prioritized sustainable practices that enhance both asset performance and the tenant experience, despite challenges in the multifamily real estate market. The firm has leveraged advanced technologies to enhance operational efficiency and reduce utility costs for tenants. They have set ambitious portfolio-wide environmental goals, including a 50% reduction in greenhouse gas emissions within 10 years and a 20% reduction in energy intensity. Across its portfolio, Stoneweg US prioritizes climate resilience, energy efficiency, and sustainability to minimize carbon emissions while creating affordable living spaces for a diverse population.
A Model for Sustainable Development
The Lake Maggiore Apartments, a 330-unit mixed-income development in St. Petersburg, FL, serves as a prime example of Stoneweg US’s strategic approach to sustainable development. This project incorporates renewable energy to reduce operational costs, EV charging stations to enrich the resident experience, and a community garden that promotes food sourcing awareness and provides local youth with agricultural and culinary opportunities. The property has officially applied for Green Globes certification, a prestigious designation recognizing its commitment to sustainability and responsible environmental practices aligning with global standards.
“We believe that sustainability isn’t a luxury; it’s a necessity,” said Sam Palmer, executive vice president of asset management and development. “Our approach incorporates operational efficiency, community engagement, and responsible investing to create lasting impacts on the people and places we serve. Whether it is reducing utility costs for our residents or setting industry standards for sustainability, we are committed to making a difference in multifamily housing.”
Leading the Industry Forward
Beyond its own portfolio, Stoneweg US continues to influence and guide the multifamily industry through its leadership in educational initiatives. The firm frequently participates in conference panels nationwide, sharing insights and strategies on achieving sustainability in attainable housing. Stoneweg US’s leadership team also engages in real estate and investor-focused podcasts to discuss the future of sustainability in multifamily developments, ensuring that competitors and collaborators alike are educated on best practices.
“As a company, we strive to be at the forefront of innovation in real estate,” added Patrick Richard. “It’s not just about enhancing our own portfolio; it’s about guiding the entire multifamily industry toward a more sustainable and equitable future.”
About Stoneweg US
Stoneweg US is a multifamily real estate investment firm located in the heart of downtown St. Petersburg, FL, with a portfolio valuation of approximately $2 billion comprised of ~11,000 units. Focusing on asset optimization through sustainability, climate resilience, and proven value-add strategies, the company invests in and develops sustainable communities to drive healthy returns and enhance the resident experience. For more information on Stoneweg US, visit www.stoneweg.us.
