Reid’s strategy for CRE success: Partnerships, smaller cities

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Reid’s Heritage Properties was spun off of Reid’s Heritage Homes in 2013 by Scott Reid to focus on building purpose-built rental apartments, and completed its first project in the spring of 2015.

It’s been working with a variety of development partners in the income-producing property sector ever since.

“We had been building mid-rise multifamily structures for some time by then, and our family decided that it wanted to look a little harder into creating legacy assets and cash-flowing income properties as a way of diversifying,” president Scott Reid told RENX.

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