Modern Home Builder - Winter 2016 - Volume 2 - 136
Criterion Development Partners
Criterion Development Partners secures
prime locations for its projects because of
strong market knowledge. BY JANICE HOPPE
Criterion Development Partners began in 2004 when its
The founders of Criterion Development Partners have a strong finger on the pulse
of their markets.
" I think we definitely have an institutional approach to development, but
we are small enough to be flexible and
JACK ENGLERT, EXECUTIVE
CRITERION DEVELOPMENT PARTNERS
four founders decided to combine their decades of multifamily development experience. They each had a strong finger on the pulse
of their respective markets, which has benefited the company in
"The two Boston partners, [Executive Vice President and Principal] Andrew Kaye and I were born and raised in Boston and have
been here most of our lives," Executive Vice President and Principal Jack Englert says. "Being local has been a very good thing in
terms of connections. We don't tend to buy a lot of things that are
listed; rather, we mostly buy through our connections with lawyers
and engineering firms who mention the land to us and we see if it's
Headquartered in Dallas with a second office in Waltham, Mass.,
Criterion is a dynamic real estate operating company that specializes in the development, construction and asset management of investment-quality multifamily communities. President W. Pretlow
Riddick, Executive Vice President, CFO and Principal C. Christopher Harris, Kaye and Englert all previously worked together at a
large, national multifamily development firm before branching out
on their own.
Riddick oversees the Dallas office with Harris while Kaye and
Englert oversee the New England operations. "There is a lot going on in these two markets where we are focused," Englert says.
"Pretlow was born in San Antonio, works in Dallas and knows the
market. Chris has been in the Dallas market for over 20 years. New
England and Texas seem to be complementary in terms of development cycles."
Over the past decade, Criterion has achieved notable success
developing vibrant and distinctive residential and mixed-use communities. "I think we definitely have an institutional approach to
development, but we are small enough to be flexible and creative,"
Englert says. "This allows us to get more opportunities than the
larger national firms. Having been trained on the large, national
firm approach, we apply those skills while being more nimble in
www.criteriondp.com / Revenue: $250 million /
Headquarters: Dallas / Employees: 12 /
Specialty: Multifamily developments
www.mhb-magazine.com Winter 2016 Volume 2
NEW ENGLAND BUZZ
Criterion's developments are strategically located in smartgrowth, mixed-use neighborhoods that offer convenient access to