a boutique, mixed-use developer with a niche focus

 

We invest in properties within urban neighborhoods that are experiencing increased demand from underlying shifts in demographics and population. We believe that these revitalizing areas have unmet demand for higher quality real estate and the potential for longer-term appreciation. Oxide acquires, redevelops, develops and owns properties that meet this market demand.

 

Oxide pursues acquisition, repositioning, redevelopment and infill ground-up development opportunities in the following asset types:

 

  • Boutique Multifamily: Renovation, repositioning and redevelopment of well-located, but outdated apartment buildings and boutique ground-up development with attention to design.

  • Street Retail: Acquiring, redeveloping, and/or re-leasing retail along prime urban retail corridors with long-term appreciation potential.

 

  • Creative Office: Acquiring and repositioning of existing buildings to provide experiential, character-rich, and collaborative workspace desired in the current economy.

     

 
 

FOCUSED ON OPPORTUNITIES ARISING FROM AND CONTRIBUTING TO THE RUST BELT REVIVAL

 
 

Oxide believes that the revival of the Rust Belt is in the early stages of a longer-term structural shift. The major Rust Belt cities offer a low cost of living compared to major coastal metropolitan areas and an authenticity and walkability that is lacking in the Sun Belt. An already high quality of life continues to improve with thriving dining scenes and public investments in parks, riverfronts and alternative modes of transportation. These factors are leading to a shifting employment base with new industries driving job growth and a "brain gain" in close-in urban neighborhoods.

We aim to invest in properties consistent with this view and to provide superior risk-adjusted returns to investors by unlocking value in every facet of the development process while mitigating potential downside risks. We target primarily the often overlooked middle-market transaction size, below institutional investors but above the capabilities of individuals.

 
Shawn KichlineFounder and Principal

Shawn Kichline

Founder and Principal

 

Shawn Kichline is the Principal of Oxide Real Estate Development, which he founded in 2016. Shawn has over 20 years of urban real estate investment, development and construction experience gained at leading organizations. Shawn uses his passion for urban revitalization and infill mixed-use development to enhance the historic character of the communities in which he works.

Prior to founding Oxide, Shawn established the local Pittsburgh office for Milhaus Development and led efforts in the market including site acquisitions, market underwriting, selection and management of consultants and advisors (architects, land use attorneys, construction managers, etc.), entitlements, community and government relations, design and branding/marketing. He was the project executive responsible for the off-market acquisition, design and entitlement of the Arsenal Terminal project in Lawrenceville, a site master-planned for 625 apartment units and 20,000 square feet of street retail.

Shawn previously held roles within the acquisitions group of Invesco, where he focused on joint venture investments in value-add and opportunistic repositionings, redevelopments and developments; Silverstein Properties in New York City, where he was a critical team member managing $9B of large-scale, complex urban mixed-use developments including the World Trade Center redevelopment; HFF where he managed over $2.6B in dispositions, joint venture equity raises and recapitalizations throughout the U.S.; and started his career with Turner Construction Company in Chicago.

Shawn received an MBA in Finance from New York University’s Stern School of Business and a B.S. in Civil Engineering with a specialization in construction management and structural engineering from the University of Illinois at Urbana-Champaign. He is a member of the Urban Land Institute and a CFA Charterholder.  He additionally studied in Copenhagen, which with his time in New York City seeded an inspiration to create dense, bike-friendly, walkable, vibrant and mixed-use neighborhoods within secondary cities of the U.S.