Middleburg, a leading developer and operator of rental housing throughout core Southern markets, today announced the appointment of Scott Zimmerly as Regional Development Partner. In this role, Zimmerly will oversee development activity across the firm’s portfolio and lead its team of Development Partners. This strategic addition reinforces Middleburg's commitment to scaling its development platform and capitalizing on accelerating demand for attainable rental housing across its target markets.
“Adding Scott represents the next phase in our organizational maturity,” said Chris Finlay, Founder and Chief Executive Officer of Middleburg. “With Development Partners now executing at the local level, we saw an opportunity to create a leadership layer that can drive consistency across our markets, share best practices and strengthen our relationships with regional capital partners. Scott brings the sophistication and market knowledge to elevate our entire platform while preserving the entrepreneurial approach that makes each Development Partner effective.”
Middleburg currently targets eight Metropolitan Statistical Areas throughout the Southeast and continues to see robust fundamentals supporting rental housing development, driven by sustained job growth, favorable migration patterns and a significant supply-demand imbalance in the attainable housing segment. Under Zimmerly's leadership, the firm's development team is positioned to accelerate project identification and execution in existing high-growth markets and to pursue strategic opportunities in emerging regions of the country.
Zimmerly brings more than 20 years of multifamily development and investment experience to Middleburg. Most recently, he served as Executive Managing Director of the Mid-Atlantic region at Wood Partners, where over 19 years he was responsible for the development and financing of more than 7,000 apartment units totaling approximately $2 billion in capitalization across the Washington, D.C., Virginia, and Maryland markets. Prior to Wood Partners, Zimmerly spent five years in investment banking and worked in the acquisitions department at Washington Real Estate Investment Trust. He holds an MBA with a concentration in real estate from the University of North Carolina's Kenan-Flagler Business School and a B.A. in Business Administration from Washington and Lee University.
“Middleburg has built an impressive platform with an institutional pedigree, and its complete vertical integration – from land acquisition through construction and property management – was very appealing for my skillset,” said Zimmerly. “The strength of rental housing fundamentals across the Southeast, particularly in the attainable housing segment, presents a compelling opportunity for growth. I'm excited to work with our talented Development Partners to expand our pipeline, deepen our relationships with capital partners and municipalities, and deliver the quality rental communities these markets need.”
Finlay added, “Our pipeline today reflects both the quality of opportunities we are sourcing and the execution capabilities of our integrated platform. Scott's appointment allows us to maintain this momentum while building the organizational infrastructure necessary to manage our expanding scale. We're focused on creating sustainable, scalable growth rather than simply adding individual projects.”
About Middleburg
Middleburg is a leading real estate investment firm maximizing stakeholder value through a socially conscious, fully integrated approach to the acquisition, development, construction, and management of high-quality, attainable rental housing. With over two decades of multifamily sponsorship, Middleburg has acquired, developed, and financed more than 32,000 multifamily units, exceeding over $4.5 billion in transactions since 2004. For more information, please visit www.middleburg.com.
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