Company Profile

CityStreet Residential Partners (CSRP) is an experienced, highly regarded real estate firm that specializes in the acquisition and development of multifamily real estate properties. The company is focused on superior product execution and on finding opportunities when returns are at their greatest. Our core values are personified by one simple phrase: “Exceed expectations”. Every day the company strives to exceed the expectations of our equity partners, our bankers, and our residents.

CSRP was formed in 2013 by Rick Craig. Rick’s extensive multifamily experience dates back to 1985 and comes through Finger Companies, Trammell Crow Residential, Gables Residential Trust, and Simmons Vedder Partners. Over the years, Rick has managed the development of 5,000+ multifamily units in all of the major Texas markets. The CityStreet framework is a blend of Rick’s experience and the company goal is simple: exceed expectations. CityStreet Residential has a stellar reputation in the multifamily community and strives to be a leader in Class A multifamily development. CityStreet develops opportunistically, and its development goals and asset disposition decisions are reflective of the market cycle and opportunities. CityStreet Residential prides itself on generating superior returns through excellent site selection, solid
execution and a comprehensive focus on quality.

Executive Team

Rick Craig Chief Executive Officer

Rick is the CEO of CityStreet Residential Partners. With his 31+ years of multifamily development experience, Rick oversees all operations of the company. Prior to starting CityStreet Rick was the chief multifamily development executive of Simmons Vedder Partners. Rick’s extensive multi-family experience dates back to 1985 and comes through Finger Companies, Trammell Crow Residential, Gables Residential Trust, and Simmons Vedder Partners. Over the years Rick has managed the development of 5,000+ multi-family units in all the major Texas markets. Rick is intimately familiar with the full spectrum of development including site acquisition, entitlements, design, construction, and lease-up. His projects have won both local and national awards including Best Development by a REIT. Rick is a graduate of the University of Georgia and is an active member of the National Multifamily Housing Council, Houston Apartment Association, and Memorial Park Conservancy.

John Cutrer Chief Investment Officer

John is the CIO of CityStreet Residential Partners and was the chief investment executive of Simmons Vedder
Partners for twelve years. Prior to joining Simmons Vedder Partners, John was a Development Associate for JPI in their Student Housing Development group. During his four years at JPI, John was responsible for the development of six apartment complexes totaling 1,663 units (5,076 bedrooms) in Florida, Arizona, Louisiana and Tennessee. John’s responsibilities at JPI included researching markets, selecting sites, negotiating with sellers, obtaining entitlements, underwriting the developments and coordinating development with JPI Construction. John worked with JTS Interests in Baton Rouge, Louisiana from 1992 to 1996 where he was responsible for real estate acquisitions and development.

Derick Craig Vice President

Derick is Vice President of CityStreet Residential Partners. He is responsible for all development functions, including site selection and acquisition, underwriting, design, and construction and lease-up oversight. Prior to joining CityStreet Residential Partners, Derick was Vice President of Development for The Morgan Group. During his time at The Morgan Group, Derick was responsible for the development of 1,179 multifamily units in Houston, Texas and Jacksonville, Florida. Prior to his time at Morgan, Derick worked with Trammell Crow Residential where he was responsible for or directly involved in the development of over 3,000 units. Derick is a graduate of the University of Texas. He is a native Houstonian and an active member of the National Multifamily Housing Council.

Joe Blades Chief Financial Officer

Joe is the CFO of CityStreet Residential Partners. He is responsible for the financial activities of the company and arranging capital for each development. Prior to joining CSRP, Joe was a Vice President at Trustmark National Bank. While at Trustmark, he originated and serviced construction loans for apartment, student housing, retail, office, hospitality and self-storage developments. When combining his banking and development experience, Joe has been involved in over $1B of commercial real estate transactions. Joe is a graduate of Millsaps College where he received a BBA focused in finance and an MBA. Joe is a native Houstonian and active member of the National Multifamily Housing Council.