RichSmith Development, LLC was co-founded by Arby Smith and Keith Richardson. RichSmith Development is primarily involved in development of multi-family, independent senior and single family residential communities. We specialize in every aspect of the location, development, construction, and operation of our apartment communities.
A major part of a successful apartment community is having a good location. We have experienced staff who spend their time searching for and acquiring prime real estate for the development of our apartment communities.
We have strived in the creation and operation of this company to place team members in positions that will benefit the company and each of our developments to the fullest. We have many professionals as in-house staff to take care of our development needs. In addition to these professionals, we have an exceptional support staff that works to enhance the attention-to-detail and personal touch that we instill in each of our projects.
We utilize several different financing sources for our apartment communities, including conventional bank loans, Housing Tax Credits and HOME loans. This allows us a great deal of flexibility in the structuring of the financial end of our apartment communities. We are able to provide the highest quality developments without encumbrance of large amounts of debt.
We are also the owners of the communities we develop. In 2002 we created Ridge Construction, LLC to act as the general contractor for all of our communities. In 2005 we created RichSmith Management, LLC to act as the property management company for each community. The creation of these companies has given us the highest level of control over the success of our communities.
Arby Smith, Manager
He has over 25 years experience in the corporate business community. He has served as the Director of Sales and Marketing for Coca-Cola Enterprise, Regional Vice President of Nabisco Brands and National Sales Manager for Kerr Group. Over the past 10 years he has been an entrepreneur developing market rate and affordable apartments, retail outlets, senior independent living communities and warehouse centers. He currently serves on the Board of Directors for Central Arkansas Executive Association.
Keith Richardson, Member
Keith has extensive experience in commercial real estate development. His many development projects include: Gateway Plaza, Gateway Self-Storage, Richdale Center, Maumelle Center, Williamsburg Shopping Center, Malvern Center and Maumelle Business Park. Over the past 10 years he has been an entrepreneur developing market rate and affordable apartments, retail outlets, senior independent living communities and warehouse centers throughout Arkansas, Tennessee, Louisiana, Mississippi and surrounding states.