Norhart

Norhart is a company focused on designing, building, and renting apartments, with a mission to transform the way this is done by incorporating innovative technologies and techniques. The company aims to improve the quality and reduce the cost of housing, ultimately addressing America's housing shortage and affordability crisis. Norhart is deeply vertically integrated, handling property management, development, construction management, various trades (plumbing, electrical, HVAC, etc.), wall panel manufacturing, precast concrete, engineering and architecture, and supply chain. This comprehensive approach enables them to reduce construction costs compared to typical developers. The company's 'Prime Directive' is to build exceptional apartments that create a better way for people to live, with a hyper-focus on creating a best-in-class customer experience for their residents.

Founded by Ed Kaeding in 1988, the company initially operated under the name Kason. Ed Kaeding's vision was to produce affordable multi-family housing and positively impact people's lives. After Ed's passing in 2014, his son, Mike Kaeding, took over as CEO, continuing the family legacy. Under Mike Kaeding's leadership, Norhart has embraced innovation, including developing an apartment manufacturing facility called EVE, where components like steel wall panels, ceilings, and floors are built before being transported to construction sites. This method, along with a focus on lean principles and a strong company culture, has allowed Norhart to achieve significant cost reductions in construction. Norhart's values emphasize achieving great things, improving every day, being genuine, obsessing over the resident experience, and continuous self-improvement. The company is committed to creating tight-knit communities within its apartment developments and giving back to the broader community.