WHO WE ARE
Opportunities in workforce and affordable housing have proved stable and shown to be one of the most resilient investments within the real estate sector in bull market economies or in recession. Redwood Dev Co is focused on developing thousands of workforce and affordable housing units in the coming years to provide supply to a much-needed gap in the marketplace. The drastic increase in the cost of living has significantly outpaced income levels and there is a clear need for more workforce housing in South Florida and beyond.
Redwood Dev Co currently focuses in South Florida, where the monthly cost of living has increased drastically when compared against national averages. Miami is now one of the most rent-burdened cities in the United States which has created scarcities in housing availability for working class families.
Meet the team
As the Founder and Principal of Redwood Dev Co, Sidman has developed an institutional real estate development and asset management platform focused on workforce housing. Sidman has recently completed his 138-unit townhome workforce housing project, Sailboat in Opa-Locka, FL. The project was successfully refinanced for $46.6M in February 2022.
Across Redwood Dev Co and its holding company investments, Sidman has led the construction, development and investment of projects in workforce housing, solar, infrastructure and natural resources.
Prior to founding Redwood, Sidman formerly served in executive capacities for Real Estate sponsors specializing in REITs, Real Estate Partnerships, DSTs and TICs.
Sidman is a Co-Founder and Principal at METIS Innovative, a venture capital firm focused on investments in early-stage Neuroscience medical devices, and is a Co-Founder of KidsBasel, which provides innovative arts curricula for K-12 students.
Sidman is a former board member of a charitable foundation that donated over $16MM to St. Jude Children’s Research Hospital in Memphis, TN and a former board member of Lux Home, Inc. DBA Pella Windows and Doors NJ/NY, and a society member at Mount Sinai Medical Center on Miami Beach.
Burstyn has a strong real estate development background that builds upon his private real estate capital markets expertise. Burstyn recently completed Mirage at Sailboat Cove, a 138-unit townhome workforce housing project that has benefited from his 15 years of experience in working with various Section 8 programs within Miami-Dade County. The project was successfully refinanced for $46.6M in February 2022
Burstyn has also broke ground on Mosaic Apartments, a 98-unit workforce housing $33M development.
He has extensive experience with new construction, renovations and conversions. He has owned and operated numerous apartment buildings and hospitality assets, such as Travel Lodge, Days Inn, and Howard Johnson.
Burstyn owns Winston Capital Management, LLC which acts as a private lender conduit for high-net worth individuals and sponsors that are in need of unique private financing.
Burstyn attended the University of Maryland at College Park. He is a supporter of the Dolphin Cycling Challenge benefitting the Sylvester Cancer Research Center at the University of Miami, a Founder at Mount Sinai Hospital in Miami Beach, and a contributor to The Seed School and Educate for Tomorrow, which benefit foster children in the South Florida region.
Ben-David is an experienced deal attorney with $2B+ in transactional experience across his career. In addition to serving as Principal & General Counsel for Redwood and its parent company, BAS Holdings Investments, LLC (“BAS Holdings”), Ben-David is also the Chief Legal Officer of Sol-REIT, LLC (a portfolio company of BAS Holdings).
Prior to joining BAS Holdings, Ben-David: co-founded AXS Law Group, PLLC in 2016, a full-service boutique law firm; was corporate counsel at Bayview Asset Management, LLC, a real estate investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset backed securities, and mortgage servicing rights.
Ben-David also served as a real estate counsel at Bilzin Sumberg in Miami, FL where he represented one of the nation’s largest special servicers, spearheading CMBS loan portfolio sales on its behalf•Prior to practicing law, Ben-David was Acquisitions Manager at Alterra Capital Group, where he was responsible for sourcing, underwriting, and repositioning undervalued and distressed multifamily properties throughout the Southeast, including the acquisition of 3,000 units and $200MM in assets.
Ben-David graduated with honors from the University of Michigan in 2001, and received his Juris Doctor from the University of Miami School of Law in 2006, where he graduated cum laude.
Scott is the Chief Financial Officer where he develops the financial strategy and execution at Redwood Dev Co.
Prior to Redwood Dev Co, Scott served as the Chief Financial Officer for the Meyers Group focusing on the high-net-worth family/estate planning office that focused on development strategies. The strategies encompassed luxury multifamily apartments, mixed use, and large retail tracts to go with existing stabilized LIHTC properties. His responsibilities covered projects with a combined value exceeding $1 billion, where he strategically managed accounting, tax, insurance, human resources, IT, and finance aspects.
Scott was the Chief Operating Officer at Housing Trust Group prior to Meyers Group. He was responsible for over 5,000 multi-family (market rate & affordable) housing and senior housing units. His contributions included the creation and formalization of HR and IT departments, as well as the expansion of the Asset Management department. Scott successfully expanded the company from 60 to 180 employees across multiple locations.
Over the years, Scott has acquired skills including the direct implementation of accounting software programs (Skyline, Timberline, RealPage and Yardi), as well as the creation of HR and IT departments. His career highlights include serving as the CFO for New Urban Development and as the COO/CFO for LG Capital Partners, both roles contributing significantly to the success of real estate development and lending ventures.
Scott graduated Summa Cum Laude with a BS in Accounting from Barry University and holds a Masters in Accounting/Tax from the University of Miami. He is a Florida Certified Public Accountant.
Gabriel Duarte joined the team in April of 2023 and serves as Development Manager for Redwood Dev Co. Primarily, he oversees all facets of the real estate development process, from entitlements and design to construction and compliance. He also assists with the preparation and submission of applications for Low Income Housing Tax Credit (LIHTC) project financing.
Gabriel has an extensive background in real estate and urban development, specifically in the South Florida region. Prior to his role at Redwood Dev Co, he worked in Development Management at McDowell Housing Properties and the Related Group. During his tenure at both firms, he was responsible for managing the development, construction, and rehabilitation of 1,500+ affordable and workforce housing units.
Born and raised in Miami, Duarte received a Bachelor of Arts (BA) in International Business from Florida International University. Additionally, he holds a National Affordable Housing Professional Certification from First Housing University.
Nicolas is responsible for analyzing financial documents and transactions and reconciling accounts payable and receivable for Redwood Dev Co.
Before joining BAS Holdings, Nicolas was a Senior Property Accountant at Housing Trust Group. He managed properties under construction and in pre-development. He was responsible for ensuring accurate financial records through monthly account reconciliations and maintaining internal controls. Prior to his role at Housing Trust Group, he was a Staff Accountant at The Related Group where he was responsible for bookkeeping, monthly budgeting, fund allocation, and vendor management.
In addition to his accounting expertise, he has also gained valuable experience as a Commercial Real Estate Assistant working for Eduardo Citcioglu P.A - Fortune International Realty.
INNOVATION
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SERVICES
INTERNATIONAL AWARDS
