Founded in 1995, RED Development is a privately held, fully integrated commercial real estate company headquartered in Phoenix, Arizona. Originally known as R.E.D. Capital Development, the firm rebranded to RED Development in 2001. The company specializes in the development, ownership, and management of high-performing retail and mixed-use properties across the Southwest and Midwest United States. With a portfolio spanning over 16 million square feet across 11 states, RED has built a reputation for delivering vibrant, well-trafficked destinations that blend retail, office, hospitality, and multifamily components. RED’s core business strategy centers on ground-up development, strategic acquisitions, and the repositioning of underperforming assets. The company is particularly known for its lifestyle centers, grocery-anchored retail, and large-scale mixed-use developments. RED also provides third-party asset and property management services, leveraging its in-house expertise in leasing, marketing, and operations. The firm’s investment strategy is opportunistic, targeting assets with value-add potential and strong demographic fundamentals. RED maintains strong access to capital and debt markets, enabling it to act swiftly on acquisition opportunities. In July 2024, RED acquired the remaining 50% stake in Biltmore Fashion Park in Phoenix for $110 million, gaining full ownership of the landmark property. Top markets include Phoenix, Dallas, and Omaha, with Phoenix representing a significant concentration of assets, including CityScape, The Grove, and PV. This geographic focus presents some concentration risk, particularly in Arizona. RED’s tenant base includes national retailers and restaurants such as Saks Fifth Avenue, Anthropologie, Life Time Fitness, and Ralph Lauren, with no single tenant reported to exceed a critical share of net effective rent.