Southeast based.
Southeast focused.

What We Do

StoneRiver is a team-driven company that acquires, develops, and manages multifamily real estate opportunities. For nearly 25 years we have grown into an investment company that has invested over $1 Billion in assets across the Southeast. What sets us apart is not only the tenured team behind our investment strategies, but also the value we create through focused property and asset management. Our expertise in Southeast markets and our track record as owners and operators has consistently proven to generate superior risk-adjusted returns.

Vertically
integrated.
Results
driven.

Investment Process

Our tenured team is committed to thoroughly underwriting, analyzing, and evaluating every detail of an investment opportunity before we decide to invest. Because the discipline it takes to fundamentally understand the details are often what distinguish a good investment from a great investment. It’s where our deep-rooted understanding of Southeast markets makes all the difference. It's why we relentlessly stress test investment opportunities to understand and mitigate potential risks. It’s why we work tirelessly to develop long-term relationships with lenders, brokers, and partners that share our interests. And it’s the reason we are extremely selective in the investments we make and the realistic returns we project. The first dollars we invest are always our own, so you can be certain we believe in the investment choices we make for our clients.

Properties

Property Types
Industrial/Warehouse (6)
Land (8)
Multifamily (41)
Office (7)
Retail (8)
Industrial/Warehouse
3300 5th Avenue South – Birmingham, AL
American Pipe & Supply Birmingham – Birmingham, AL
American Pipe & Supply Nashville – Nashville, TN
Oxmoor South – Birmingham, AL
Perimeter Industrial Park – Bessemer, AL
St Augustine – St Johns County, FL
Land
BMB – Birmingham, AL
Chilton County – Hubbard, AL
Harpersville – Harpersville, AL
Lakeshore Crossings – Birmingham, AL
Land Energy – Jasper, AL
Limestone Springs – Birmingham, AL
Monroe County – Hybart, AL
Shelby ES – Birmingham, AL
Multifamily
33rd Street – Birmingham, AL
Arlington Park Apartments – Mobile, AL
Avocet – San Antonio, TX
Baycourt – Birmingham, AL
Bridgewater Apartments – Huntville, AL
Caldwell Parc – Birmingham, AL
Carlisle Terrace – Birmingham, AL
Clairmont – Birmingham, AL
Crescent Commons – Fayetteville, NC
Crestwood Manor – Little Rock, AR
Crowne Garden Apartments – Greensboro, NC
Crowne at Ormond Beach – Ormond Beach, FL
Crowne at Razorback Road – Fayetteville, AR
Crowne at Swift Creek – Midlothian, VA
Crowne at the Summit – Louisville, KY
Davis House – Birmingham, AL
Greene House – Birmingham, AL
Hampton House – Jackson, MS
Hampton Place – Columbus, GA
Hermosa – Birmingham, AL
Highland Court – Birmingham, AL
Highlands – Birmingham, AL
Holcombe Heights – Little Rock, AR
Lakeshore Ridge – Birmingham, AL
Lakeview – Birmingham, AL
Oaks of St. Clair – Moody, AL
Park Manor – Birmingham, AL
Ridgeland Ranch – Jackson, MS
South Hill – Birmingham, AL
Stratford – Birmingham, AL
Sycamore Manor – Birmingham, AL
The Heights – Montgomery, AL
The Palms of Mt Pleasant – Mt Pleasant, AL
The Phares – Birmingham, AL
The Village at Apison Pike – Ooltewah, TN
The Village at Lakeshore Crossings – Birmingham, AL
The Village at Westland Cove – Knoxville, TN
Tracewood Apartment Homes – Jackson, MS
Westmont Commons – Asheville, NC
Wildforest Apartments – Homewood, AL
Wildwood Crossings – Birmingham, AL
Office
Butler Pointe – Jacksonville, FL
Concord Center – Birmingham, AL
East London I – Birmingham, AL
East London II – Birmingham, AL
East London III – Birmingham, AL
ServistFirst – Birmingham, AL
Shades Parkway – Birmingham, AL
Retail
CVS Cahaba Heights – Cahaba Heights, AL
Clanton Shopping Center – Clanton, AL
Dolphin Square – Gulf Breeze, FL
Foley Commons – Foley, AL
Mitchell Farms – Newport Richey, FL
Shops at Hamilton Mills – Dacula, GA
Town Brookhaven – Atlanta, GA
Weathersfield Commons – Dunedin, FL

About

We were founded in 1995 to manage real estate investments for high net worth individuals. Over time our track record of success, depth of relationships, and disciplined approach to real estate investing drew the interest of numerous outside investors. Today, StoneRiver invests in and manages multifamily real estate across the Southeast, with fully integrated, in-house property management, development, and construction management capabilities. To date we have acquired, renovated, or developed more than $1 billion in assets across 12 states.

Under Management

$1 Billion

Properties

72

Cities

32

States

12

Benny Larussa

Chairman/CEO Read Bio

Joseph Welden

President Read Bio

Colin Moorhouse

Vice President / General Counsel Read Bio

Diane Chastain

Vice President of Property Management Read Bio

Lou Davis

Director of Investments Read Bio

Jeff Ganz

Vice President of Business Development Read Bio

Kenny Budd

Investment Associate Read Bio

Brett Mendell

Asset Manager Read Bio

Meredith Lagan

Controller Read Bio

Johnathan Markwood

Accounting Manager Read Bio

Katie Roncadori

Regional Operations Manager Read Bio

Benny Larussa

Chairman/CEO

Benny M. LaRussa, Jr is the Chairman and CEO of StoneRiver. He has been exposed to all forms of real estate investing including multi family, office, industrial warehouse, retail, and timber and mining operations. Since 1988, the acquisition, disposition and management of real estate assets has been a major focus of Benny’s professional career. His career began in the banking and finance sector, where he worked at the First National Bank of Birmingham (now Regions Bank). He later became a founding member of the First Commercial Bank and Canterbury Trust, both of which were sold to Synovus Financial Corporation in the 90’s. Since the formation of StoneRiver, Benny has worked diligently to develop a team of real estate professionals possessing the technical expertise and management and leadership skills needed to be a leading real estate company in the Southeast.

Benny currently serves on the Board of Directors of First Commercial Bank, Jack’s Family Restaurants, Security Engineers, StoneRiver, Fenwick Brands, American Pipe and Supply, and the Auburn University Foundation as well as Chairman of the Joseph S. Bruno Charitable Foundation. He was a director of Bruno’s Corporation until 1995, when the company was sold to KKR.

Benny is a graduate of Auburn University with a BS in Finance and a Master’s in Public and Private Business from Birmingham Southern College.

Joseph Welden

Joseph Welden

President

Joseph Welden is a Birmingham native and President of StoneRiver. He joined the company in 2004. His responsibilities include strategic leadership, identifying and assessing new and existing investments, leasing and brokerage, and managing the operations of StoneRiver and StoneRiver Property Management, LLC. He is a former member of the Board of Directors for Innovation Depot, a member of the Monday Morning Quarterback Club, and former President of the Junior Board of Directors for the Birmingham Zoo.

Joseph graduated from Hampden-Sydney College with a B.A. in Mathematical Economics. He earned a Masters in Financial Mathematics from Florida State University and a Master’s in Business Administration from the University of Alabama.

Colin Moorhouse

Colin Moorhouse

Vice President / General Counsel

Colin Moorhouse joined StoneRiver in 2016 as Vice President and General Counsel. Colin’s responsibilities include all legal aspects of StoneRiver’s real estate developments, acquisitions and divestitures, as well as overseeing the Company’s risk management disciplines.

Colin is a member of the Advisory Board for the UAB Comprehensive Cancer Center, a member of the Monday Morning Quarterback Club and on the New Element Board for the McWane Center. Before joining the StoneRiver team, Colin was a partner in the Banking and Corporate groups at Bradley Arant Boult Cummings LLP. Colin graduated from Randolph-Macon College with degrees in Business / Economics & Political Science, and he received his law degree from the University Of Maryland School of Law.

Diane Chastain

Diane Chastain

Vice President of Property Management

Diane Chastain is Vice President of Property Management overseeing StoneRiver's portfolio of communities. As the lead connector and strategist, she is responsible for driving cross-functional effectiveness and collaboration across the company to create a superior living experience for our residents and bring the highest level of performance to our investors.

Diane is a 20+ year respected business leader with the rare experience combination of executive level strategic and operational roles with proven success in Property Operations, Talent Development and corporate support for a nationally recognized REIT, a private operator. Before joining StoneRiver, Diane was the National Director of Operations at FirstKey Homes and directed all property management functions for the organization. Prior to that she served 17 years as a Senior Vice President for Mid-America Apartment Communities in the Southeast.

Diane attended the University of West Georgia. She is a 17-year CPM member of the Institute of Real Estate Management and achieved her CAPS designation in 2002 from The National Apartment Association.

Lou Davis

Lou Davis

Director of Investments

Lou Davis joined StoneRiver Company in 2017 as Director of Investments. Lou oversees the sourcing, acquisition and asset management of the Company’s real estate investments. Prior to joining StoneRiver Company, he was Director of Investments with Cortland Partners. He opened and staffed their office in Charlotte, North Carolina, ultimately growing their regional presence to over 3,000 units throughout the Carolinas.

Prior to Cortland, Lou spent six years with Wells Real Estate Funds (& related entity Columbia Property Trust), a real estate investment trust based REIT in Atlanta, GA focused on Class A office. He held various positions while at Wells, ultimately in responsible for West coast acquisitions and portfolio dispositions. Lou graduated cum laude at the University of Kentucky with a BBA in Finance and Management.

Jeff Ganz

Jeff Ganz

Vice President of Business Development

Jeff Ganz joined StoneRiver in 2018 as Vice President of Business Development. Jeff oversees the management and engagement of existing and perspective investors and is responsible for external networking, fundraising and other company business development opportunities.

Prior to joining StoneRiver, Jeff spent more than ten years developing growth initiatives, cultivating strategic partnerships and creating opportunities for dynamic ventures. He worked in business development/fund raising roles with ShopBistro USA, Monness, Crespi, Hardt & Company and Credit Suisse.

Jeff grew up in New York, graduated with honors from Brown University with a BA in Organizational Behavior & Management and received his MBA from the NYU Stern School of Business.

He is an avid college and professional sports fan, likes to play golf, tennis and basketball and is active in his community.

Kenny Budd

Kenny Budd

Investment Associate

Kenny Budd joined StoneRiver in December of 2015 as a Real Estate Analyst. His responsibilities include sourcing, investment analysis, underwriting, and diligence for all acquisitions and development opportunities. He is also involved in recapitalizations, dispositions and overall asset management within StoneRiver's real estate portfolio. Previously, Kenny was with Grandbridge Real Estate Capital where he was involved in the production of over $165 million in multifamily and commercial loan originations.

He also has prior experience in multifamily investment sales and office tenant representation. Kenny graduated from The University of Alabama with a BBA in Finance with a Real Estate concentration and is currently pursuing an Executive MBA from Emory University - Goizueta Business School. Kenny serves on various committees of the Rotaract Club of Birmingham and enjoys coaching youth football in the fall.

Brett Mendell

Brett Mendell

Asset Manager

Brett Mendell joined StoneRiver as Asset Manager in 2018. Brett leads StoneRiver’s effort to drive asset performance, ensuring that each asset achieves its business plan. His role includes management of renovation projects, generation of operational and transactional analyses, and coordination of investor and lender communications.

Prior to joining StoneRiver, Brett spent six years serving in Asset Management roles at Landmark Properties in Athens, Georgia, a national student housing developer and operator and TriBridge Residential in Atlanta, Georgia, a regional multifamily developer and operator. Brett spent the early part of his career practicing commercial and real estate litigation in several firms in San Francisco and Atlanta. Brett graduated from Emory University with a Bachelor of Arts in Economics and Cornell University with a Master of Real Estate. Brett also earned a Juris Doctorate from the University of California, Hastings College of the Law.

Meredith Lagan

Meredith Lagan

Controller

Meredith Lagan joined StoneRiver Property Management, LLC in 2018 as Controller. Meredith oversees the day to day operations of the accounting department and regularly interfaces with financial institutions and other outside consultants concerning existing and future assets. Prior to joining SRPM, Meredith was the Vice President of Accounting for a medical real estate development/ property management firm. Her focus is continual process development and improvement that bring added value for our residents and our investors. She has over 19 years of accounting experience and received a B.S. in Accounting from the School of Business at the University of Alabama at Birmingham. Meredith is a CPA in the state of Alabama.

Johnathan Markwood

Johnathan Markwood

Accounting Manager

Johnathan Markwood is the Accounting Manager for StoneRiver Property Management, LLC. He joined the company in 2013 and is responsible for the finance and accounting functions for StoneRiver and StoneRiver Property Management, LLC. Johnathan is a native of Birmingham, AL and a graduate of Samford University, where he earned his B.A. in Accounting and obtained his CPA certification. He is a member of the Alabama Society of Certified Public Accountants (ASCPA).

Katie Roncadori

Katie Roncadori

Regional Operations Manager

Katie Roncadori joined StoneRiver Property Management in 2017 to support the company’s national activities as Regional Operations Manager. Katie has a strong real estate background, most recently having led a team through a $2.7 Million Dollar renovation. Prior to joining SRPM she served Engel Realty in Leasing, Management and Marketing and TriBridge Residential as a Community Manager. She has a proven track record as a dedicated manager with a strong work ethic and the ability to build lasting client relations, while keeping the owners’ interests in mind. Key areas of expertise include systematized operations, creation and implementation of budgets, staff development, revenue enhancement, cost control and problem solving. She is a Birmingham, Alabama native and proud graduate of The University of Alabama at Birmingham.

Contact Us

Address
110 Office Park Drive Suite 300Birmingham, AL 35223
Phone
(205) 879-0870
Email
info@stonerivercompany.com