Richardson Properties is a private real estate company that seeks to create wealth for its shareholders and investors through the development or acquisition of high quality assets in strategic locations.
Learn More About UsRichardson Properties LLC is a private real estate investment company based in Greensboro, North Carolina owned by the Richardson Family. The Company owns directly or through joint ventures a number of office, industrial, retail and residential properties located in North Carolina, South Carolina and Virginia.
The Company is primarily an equity investor, and uses its financial strength and previous experience in development, construction, property management and leasing to add value to its properties and developments.
The Company typically partners with developers to build or acquire real estate. Its depth of experience positions it to be a true partner in its projects, not merely a passive investor. Although real estate operations present certain unique business risks, the Company consistently uses certain practices to reduce its exposure to those risks to a level that management considers acceptable. These practices include avoidance of highly speculative investments, careful evaluation of investment opportunities and adherence to guidelines established by the Company's Board of Directors, prudent use of financial leverage, and selection of investment partners, developers, property managers and construction contractors that have demonstrated knowledge and expertise in previous real estate activities.
The Company was formed as a spin-off from Richardson Corporation, which for a number of years was the Richardson family’s real estate and financial services company. Richardson Corporation was founded in 1921 and originated as an extension and continuation of the real estate investment interests of Richardson-Vicks, Inc. Initially, Richardson Corporation engaged in the business of real estate investments and management of properties owned by it and by members of the Richardson family. At various times since its formation, Richardson Corporation engaged in the real estate brokerage business, the operation of department stores, the insurance agency business, syndication of real estate investments, property management, land development, and residential and commercial construction.
