The NRP Group Welcomes Andrew Bailey as Vice President of Development, Expanding Development Leadership in Ohio and the Midwest
Bailey has allocated the credits, closed in the private sector, and built on the nonprofit side. He now brings that
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The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the appointment of Andrew Bailey to vice president of development in Ohio and the Midwest. Bringing nearly two decades of extensive experience in housing policy, public finance and real estate development, Bailey will help lead The NRP Group’s development efforts in the region, with a focus on affordable, workforce and market-rate housing. Bailey will report to Aaron Pechota, executive vice president of development at The NRP Group.
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Andrew Bailey (Photo Credit: The NRP Group)
“We are excited to welcome Andrew to The NRP Group,” said Pechota. “His leadership will help us identify new opportunities and continue delivering high-quality housing to residents regardless of income throughout Ohio and the Midwest region.”
In his new role, Bailey will advance deal origination, site acquisition and public-private partnerships. Working closely with Pechota, he will guide projects from early feasibility and capital structuring through closing and construction, supporting the firm’s continued expansion.
Bailey spent nearly a decade in public service with local and state government agencies before transitioning to private-sector development. Prior to joining The NRP Group, Bailey served as vice president of real estate development at CHN Housing Partners, where he led a 10-person team advancing development initiatives across Ohio, Michigan and Pennsylvania. Prior to that, he held executive development roles at for profit affordable housing companies leading the acquisition, financing, and closing of multifamily communities throughout the country.
Before entering the private sector, Bailey served as director of planning, preservation and development for the Ohio Housing Finance Agency, where he oversaw the allocation of the state’s LIHTC program, helped shape development policy and administered more than $1 billion in credits, loans and flexible financing. Across his career, Bailey has secured more than $2.5 billion in financing across 26 states, supporting the acquisition, development and preservation of more than 22,000 homes and bringing deep expertise in complex capital structuring, public-private partnerships, housing policy and multifamily development.
“There is nothing more important than the place people call home,” said Bailey. “I’ve spent my career on every side of that, as a policy maker, as a funder, as a for-profit developer and then as a nonprofit developer. I’ve seen where these deals break and what it takes to get them closed. We need more housing at every income level, and that takes partners who can close. NRP closes, and that’s what brought me here.”
Ohio and the Midwest are priority growth markets for The NRP Group, and the firm’s latest expansion reflects strong confidence in the region’s long-term fundamentals. Since 1994, The NRP Group has developed more than 68,000 apartment homes nationwide and currently manages over 33,000 residential units across the U.S. Across Ohio, the company has delivered transformative luxury, workforce and affordable housing communities, including recent deliveries such as Parsons Village Senior Apartments, The Residences at Career Gateway and The Lofton. Statewide, NRP has developed more than 5,000 rental homes.
Bailey holds a master of city and regional planning degree from The Ohio State University and a Bachelor of Science in urban and regional planning from East Carolina University. He serves on the ULI Cleveland Advisory Board and is an active member of the Ohio Housing Council.
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 68,000 apartment homes and currently manages over 33,000 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 has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and is a five-time recipient of NAHB’s Best Multifamily Development Firm of the Year award. 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 over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.
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