CLEVELAND--(BUSINESS WIRE)--The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the hire of Patrick Carino as Vice President of Development. Leveraging more than a decade of experience in the Northeast region, Carino will originate and manage all aspects of market-rate development in New Jersey, New York, Connecticut, and Massachusetts. Carino will report to Jonathan Gertman, Senior Vice President of Development for NRP’s New York City office.
"Patrick’s arrival reaffirms NRP’s commitment to excellence in the dynamic real estate landscape of the Northeast,” said Jonathan Gertman, Senior Vice President of Development. “His talent will amplify our impact, expanding NRP’s capacity to grow in the region while upholding our mission to create exceptional rental housing communities for individuals and families, regardless of income.”
Within the Northeast market, Carino is dedicated to developing market-rate communities that stand out from the rest. Carino demonstrates a keen understanding of the contemporary renter's requirements by pinpointing optimal site locations and integrating industry-leading amenities such as private offices and coworking spaces tailored for remote professionals, along with enriched outdoor spaces like courtyards and walking paths. His commitment is centered on delivering housing options that consistently align with and exceed these evolving demands.
"I am excited to join the NRP team and bring my passion for creating multifamily housing to a company celebrated for its expansive, high-caliber portfolio,” said Carino. “I’m confident that we can continue building upon the impressive pipeline NRP has created in the region.”
Prior to joining NRP, Carino oversaw acquisitions and development at RMS companies where he helped spearhead the expansion of RMS into the Westchester, Northern New Jersey, and suburban Boston markets. Carino received a Finance degree with a concentration in Real Estate and Urban Economics from the University of Connecticut where he also minored in Environmental Economics and Policy. He is a Licensed Real Estate Broker in the State of Connecticut. In April 2024, Carino will earn the “Rising Star” distinction at the ULI NNJ 2024 Excellence Awards.
Over the last several years, NRP has built a robust portfolio of market-rate and affordable housing properties across the Northeast, including The Halden in White Plains, NY; 722 Chancellor in Irvington, NJ; and Grayson Lofts in Wakefield, MA. High-impact projects currently under construction include Port Liberte in Jersey City, NJ; Reserve at Saratoga Springs in Saratoga Springs, NY; and Renaissance at Lincoln Park, in New Rochelle, NY.
About The NRP Group
The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 50,000 apartment homes and currently manages over 25,000 residential units.
Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.
The NRP Group is consistently ranked in the Top 10 largest developers and builders in the U.S. by the National Multifamily Housing Council and by Affordable Housing Finance. The NRP Group is a winner of the National Association of Home Builders Multifamily Pillars of the Industry award for “Builder of the Year,” and a four-time recipient of the same award for “Development Firm of the Year.” The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on its nearly 30 years of experience and expertise, NRP now provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.
