Employment growth through the first quarter of 2021 drove increased demand for apartments across much of the United States, although a recent slowdown in job growth may impact the market going forward. Quarterly demand totaled 52,661 units according to RealPage data, while annual demand of 315,789 units outpaced the five-year historical average by approximately 25,000 units.
As Senior Vice President at Colliers International, I focus on multifamily and manufactured housing communities. I have represented a wide variety of major institutions, individuals, and partnerships over the past 30 years in the sale of investment real estate assets. In my career I have completed transactions with a combined market value in excess of two billion dollars.
My Vision is utilizing my unique skill sets to provide unparalleled professional representation to individuals, entities, and institutions who own and operate residential investment real estate. My goal is to assist my clients in achieving and preserving financial independence by providing them with the best investment advisory and capital markets transaction services available.
I am committed to giving back to my profession as a featured lecturer at legal, accounting, and real estate classes on the subjects of investment real estate and taxation. I have been quoted about the commercial real estate market and transactions in many trade publications including Wall Street Journal, National Real Estate Investor, Apartment Finance Today, Real Estate Forum, Globe Street, Midwest Real Estate, Crain's Cleveland Business, Columbus Business First, Cleveland Plain Dealer, Columbus Dispatch, Dayton Daily News, AZRE, and Phoenix Business News.
I came to Colliers in 2017 after spending a decade in the marketing and advertising world. An extensive background in corporate branding, project management and product development helps me leverage key professional and personal relationships across multiple industries to maximize his client’s returns on real estate investments. I am a member of the Cooper Multifamily Team witha focus on the buying and selling of workforce apartment housing across the Midwest.
Gil Richards is a Brokerage Associate with Colliers International specializing in Multifamily & Investment Sales throughout the Greater Cincinnati & Dayton Markets.
Gil serves in an advisory role for the acquisition & disposition processes for apartment owners and potential buyers. Gil’s duties include: broker opinion of value analysis on value-add and cash-flow properties, and assisting clients with optimal asset disposition strategies.
Gil joins a Colliers team that over the past ten years has sold more than 30,000 apartment units in Ohio with a transactional value in excess of one billion dollars.
Growing up, I always knew I wanted a job where I would be in control of my career path, and commercial real estate has allowed me to do that both personally and professionally. I began my career as a retail and investment broker in 1989. Today, I leverage my previous brokerage experience and knowledge to oversee the strategic and daily operations of Colliers International | Greater Cincinnati and Dayton. Additionally, in 2012 founded the Colliers Cleveland office. As the Vice-Chairmain leading multiple offices, I prioritize providing the best strategic leadership and oversight to a truly remarkable team. In addition to commercial real estate, I have created a diversified and innovative family of companies providing brokerage sales, investment, construction, information technology, and property management services.
The experience I gained from holding various positions throughout my career has allowed me to reach a broad base of clients and establish valuable relationships throughout Greater Cincinnati and Dayton. These relationships have provided the opportunity to aid some of the region’s most successful companies in making sound real estate decisions.
In addition to my daily responsibilities with Colliers, I'm part of a great family, three great kids and spouse who is so supportive.
I find great joy in being involved in my community. One of my personal goals is to help the Cincinnati community and those around me to move forward and grow with energy and purpose. I am a member of various organizations serving the community such as the University of Cincinnati Foundation (Board Member), the University of Cincinnati UCATS (Board Member), the University of Cincinnati Diamond Club for Baseball (Chairman), the University of Cincinnati College of Business (Real Estate Board Member), the Greater Cincinnati Regional Business Committee, and Cincinnati Young Presidents Organization.
I hold the CCIM commercial real estate designation and have affiliations with ICSC (International Council of Shopping Center), ULI (Urban Land Institute), and NAIOP (National Association of Industrial and Office Properties).
