Redbrick LMD is a diversified real estate investment management and development firm. It specializes in opportunistic and value-added residential and mixed-use projects with a focus on the Washington D.C. metro market and selectively invests in other markets. Redbrick LMD’s leadership team has significant experience in the acquisition and repositioning of existing projects, the entitlement and ground-up development of new projects, and the financial and legal structuring of transactions to maximize returns while mitigating risks for investors. The team, with more than sixty years of collective development experience, has developed, redeveloped and managed over 5,000 multifamily units nationally. In addition, they have developed a substantial portfolio of mixed use assets. Since 2000, the principals have closed on more than $2 billion in real estate transactions. Redbrick LMD has a current development pipeline of approximately four million square feet.
Leadership: Tom Skinner, William Passmore, and Louis Dubin are the firm’s managing partners. Dubin was former director of the national land fund for Resolution Trust Corporation and CEO and president of The Athena Group. Skinner previously co-founded Potomac Ventures, an early stage venture capital firm, and began his career at McKinsey & Company. Passmore previously served as a partner at McKinsey & Company with leadership positions in private equity, telecommunications, and marketing practices.
History: Tom Skinner founded Redbrick Partners in D.C. in 2002 as a private fund focused on residential properties. William Passmore joined Redbrick Partners as a managing partner in 2005. In 2008, Louis Dubin started LMD Worldwide/Resolution Asset Management as a real estate investment and development company that eyed more distressed properties. Redbrick Partners and LMD Worldwide/Resolution Asset Management merged in 2013 to form Redbrick LMD. Redbrick LMD’s 4 million square foot development pipeline represents the largest pipeline of opportunity zone investments on metro in Washington, DC.