CEO Michael Lemanski’s first engineering job was to clean up a contaminated historic paper mill so that the owner could demolish it. Seeing a lost opportunity to rebuild value from distress, Michael developed a business model that would transform dormant downtowns. He moved back home to Durham, N.C. and spent 15 years demonstrating how redeveloping historic structures can be both profitable and help create a new sense of possibility.
Rivermont formally launched in 2017 when Michael joined up with Andrew Holton, who shared his passion for the potential of underperforming downtowns and for creating a new kind of investment company.
Rivermont invests on behalf of a diverse group of investors. We believe in the power of re-creating the vibrancy that drives downtown markets. Rivermont does not simply invest in buildings; we invest in communities. We build environments that grow and attract employers, investors, and engaged citizens in support of a common vision.
We embrace our target communities and cultivate long-term relationships that maximize strengths and mitigate weaknesses. This often involves long-standing commitments to public partners in these communities. Our simple goal: optimize public interests while maximizing financial performance.
We do not shy away from the difficult. Our business is built to achieve results for our investors. Low cost assets, tax credits and public private partnerships are some of the tools we employ to create projects that work. We are results-oriented and willing to create investment solutions for clients who believe in the potential of vibrant downtown areas.