Business Details
36 Years
experience
Norstar Building: Affordable Housing & Real Estate Development Experts
Norstar Building is a premier real estate development and construction firm with over 30 years of industry expertise. Founded in 1990, we specialize in residential, commercial, and industrial projects across the United States, with a strong focus on affordable housing solutions. Our vertically integrated approach encompasses land acquisition, architectural design, construction, and property management, supported by a dedicated team of professionals. Recognized as the 15th largest affordable housing developer in the U.S., we have completed thousands of residential units and manage over 4 million square feet of commercial space.Our commitment to innovation is demonstrated through partnerships with public housing authorities and the integration of green building practices, including LEED-certified projects and solar energy initiatives. With offices in New York, Texas, and Florida, we combine national resources with localized market expertise to deliver high-quality developments that meet community needs.
Services
Real Estate Development
Affordable Housing
Property Management
Construction Services
Solar Energy Solutions
Details
- Year established: 1990
Highlights and features
- We have developed over 3,500 affordable housing units across four U.S. states.
- Our team includes Housing Credit Certified Professionals and LEED-certified experts.
- We implement patented construction methodologies for energy-efficient building solutions.
- Our partnerships with public housing authorities ensure compliance with federal standards.
- We maintain a 98% tenant satisfaction rate across managed properties.
Associations and certifications
- LEED Gold Certification
- National Green Building Standard Silver Certification
What people say
Award-winning developments
Community revitalization
Tenant satisfaction
Historic preservation
Energy efficiency
Services
Real Estate Development
Norstar specializes in comprehensive real estate development projects including land acquisition, zoning approvals, and project financing. Our expertise spans residential communities, commercial complexes, and mixed-use developments. We focus on creating sustainable communities through strategic partnerships with local governments and housing authorities.
Affordable Housing
As one of the top 15 affordable housing developers in the U.S., we develop and rehabilitate thousands of units through public-private partnerships. Our projects utilize Low-Income Housing Tax Credits and other funding sources to create sustainable, community-focused housing solutions that meet strict federal compliance standards.
Property Management
Our property management division oversees 6,000+ residential units across three states, specializing in affordable housing operations. We implement resident retention programs, maintenance optimization strategies, and community development initiatives to maximize asset value and tenant satisfaction.
Construction Services
Norstar Building Corporation delivers construction projects ranging from luxury high-rises to affordable housing developments. With $275M+ in completed contracts, we specialize in universal design principles, historic preservation projects, and energy-efficient construction methods that meet LEED certification requirements.
Solar Energy Solutions
Our solar division develops photovoltaic systems for commercial and residential properties, including a 2.7MW solar farm in New York. We integrate renewable energy solutions into new developments and existing properties to reduce operating costs and environmental impact.
People
Neil Brown
Chairman
Founder of Norstar Group with 30+ years of real estate development experience. Oversees strategic direction and corporate growth across North American operations.
Richard L. Higgins
President Norstar USA
Former New York State Housing Commissioner with expertise in affordable housing finance. Manages all U.S. operations and development projects for the Norstar Group.
Brian Evjen
Director of Development
12-year affordable housing veteran with LEED certification expertise. Leads Florida market expansion and public housing authority partnerships.
Stephanie A. Baker
CEO & COO
28-year property management executive with Housing Credit Certified Professional designation. Oversees 6,000+ unit portfolio and resident services initiatives.
Questions
What types of real estate projects does Norstar specialize in?
Norstar focuses on residential developments (including affordable housing), commercial properties, industrial facilities, and mixed-use projects across the United States.
Do you work with public housing authorities?
Yes, we partner with public housing authorities in four states to redevelop aging housing stock and create new affordable housing communities.
Are your properties LEED certified?
Many of our developments achieve LEED Gold or Silver certification, including the Venetian Walk project in Florida.
How long has Norstar been in business?
The Norstar Group was founded in 1990, with our U.S. operations established 16 years ago.
What geographic areas do you serve?
We operate in Alabama, Florida, Michigan, New York, and Texas with regional offices in key market locations.
Do you offer property management services?
Yes, our affiliated management companies oversee 6,000+ residential units with specialized programs for affordable housing communities.
