You are here >   About Us
Search

About Stone Ridge Development

The focus at Stone Ridge is to establish profitable hospital developments that stand the test of time. While the company's primary focus is hospital development with supporting retail, Stone Ridge has experience with traditional retail and mixed-use projects as well. Our innovative approach to management and construction financing allows investors to reach their long-term goals without the typical risk associated with a project of this scale.

Stone Ridge Development owners Michael Garrett and Michael Prescott personally manage each project to ensure it gets the expertise and personal attention it deserves. The company has been founded on the values of honesty, integrity, and character. Our reputation in the development world reflects our straight forward and honest approach to doing business.
 

Michael Garrett
Michael Garrett , Partner
cell (405) 834-4482
Email Michael Garrett
 

Mr. Garrett’s background has been in finance, accounting, consulting and healthcare and real estate development. His leadership roles in both public and private organizations have given him the ability to see the big picture as well as relate to the details, understand and manage a variety of personnel and situations and be an effective communicator. Currently Mr. Garrett is a founder and a principal in Stone Ridge a real estate development company that developed the Broken Arrow Hospital including construction. He also co-founded another real estate development company that developed and constructed the Owasso Hospital. Each hospital is the anchor to an approximate 68 acre mixed use development. The hospitals were designed with the intention of developing the areas surrounding the hospitals with additional medical, senior housing, hotels, services complimentary to the hospitals such as a pharmacy, and where appropriate retail and restaurants. Mr. Garrett's over thirty years of experience in the financial industry has given him extensive experience and expertise in management, investments, finance and communications and includes experience with an international public accounting firm and in banking with one of the premier banks in the Mid-South and with several local governmental units, including managing an investment portfolio of over $1 billion for the fourth largest municipality in the U.S. As an investment banker for a large regional investment banking and full service brokerage firm, Mr. Garrett's had direct involvement in a significant number of municipal bond financings with a market value in excess of $1 billion. He is a member of the American Institute of CPA's.
 

Michael PrescottMichael Prescott, Partner
cell (405) 834-6999
Email Michael Prescott

Mr. Prescott has extensive finance experience that was gained in his twenty years with a major regional investment banking firm and over five years in building a start-up financial services firm. Currently Mr. Prescott is a principal in Stone Ridge a real estate development company that developed the Broken Arrow Hospital including construction and currently is a principal in related company that owns and operates the hospital. Prior to this project, he also co-founded another real estate development company that developed the Owasso Hospital. Each hospital is the anchor to an approximate 68 acre mixed use development. The hospitals were designed with the intention of developing the areas surrounding the hospitals with additional medical, senior housing, hotels, services complimentary to the hospitals such as a pharmacy, and where appropriate retail and restaurants. As an investment banker, his finance experience was in such areas as economic development, retirement facilities, hospitals, public schools, industrial development, university and college capital projects, health care facility projects, and airport projects, raising over $3 billion for the successful financing of such projects. This experience has given Mr. Prescott extensive experience in project financing structure, project management, and communications. Mr. Prescott is a member of the Oklahoma Bar Association, and the Board of Arbitrators of the Financial Industry Regulatory Authority.

 
Copyright 2011 by Stone Ridge Development   Login