Charlotte, NC — Flournoy Development Group, a leader in premier multifamily development across the Sunbelt, is proud to announce the appointment of Jay Schaeffer as Vice President of Development for the North Carolina and Virginia markets. In this pivotal role, Schaeffer will oversee the company’s continued growth across these regions, with a primary focus on site selection, acquisition, due diligence, entitlement coordination, financial analysis, and design planning for new multifamily projects. Schaeffer will be a vital leader in shaping the company’s forward-thinking development strategy, playing a crucial role in growing the company’s project pipeline, improving operational efficiency, and fostering long-term relationships with key stakeholders.
With over a decade of experience in multifamily development, Schaeffer brings an exceptional track record of success to the role. His deep understanding of market dynamics, combined with his expertise in project execution, will bolster Flournoy’s competitive edge in the fast-growing North Carolina and Virginia markets.
“We are thrilled to have Jay leading our development initiatives in North Carolina and Virginia,” said Blake Breimann, President and CEO of Flournoy Development. “His extensive experience, deep market knowledge, and leadership skills make him the ideal person to spearhead our continued growth in these critical markets. As Flournoy looks to expand its footprint, Jay’s appointment is a clear signal of our commitment to not only meet but exceed market demands while delivering exceptional value to our investors and partners.”
“Jay’s strategic mindset and proven results-oriented approach will help Flournoy accelerate our development timelines and expand our portfolio in new and exciting ways,” added Ryan Foster, Sr. Vice President of Flournoy Development Group. “We’re confident that his leadership will be integral to our continued success as we build on our presence in these key markets.”
Jay holds a Master of Business Administration from the Anderson School at the University of California, Los Angeles, and a Bachelor of Science from Syracuse University. He is currently based in the company’s Charlotte, NC, office.
