A Question of Risk

St. Petersburg-based Stoneweg focuses on workforce apartments while applying European sensibilities in its ownership.

  • By Kevin McQuaid
  • | 6:00 a.m. September 27, 2019
LORI SAX — Patrick Richard is the CEO of Stoneweg, a St. Petersburg-based company that is the portfolio manager for a Swiss fund that buys U.S. apartments.
LORI SAX — Patrick Richard is the CEO of Stoneweg, a St. Petersburg-based company that is the portfolio manager for a Swiss fund that buys U.S. apartments.
  • Commercial Real Estate
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While many an apartment investor or developer focuses — and not incorrectly — on buying Class A multifamily rental towers in urban centers, ROI figures and ways to hike yield, a Geneva, Switzerland-based asset manager based in St. Petersburg is taking a decidedly different tact.

 

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