In the dynamic realm of real estate development, Quattro Development stands out for its distinctive approach to leadership and its remarkable ability to retain employees. Founded in 2008 by Rob Walters and Mike Liyeos, this nationally recognized build-to-suit real estate company has become a prime example of how a unique corporate culture can lead to impressive results.
Recognizing the need for a workplace environment that sets them apart, the co-founders made it their mission to establish a company culture that diverges from the industry’s often rigid norms. They sought to create an atmosphere that motivates employees and fosters dedication, while embracing a flat organizational hierarchy that empowers everyone in the team.
“We’re a flat organization,” explained Liyeos. The co-founders shunned formal titles like “CEO” or “president” in favor of a collaborative approach where every employee has an equal voice and plays a pivotal role in projects. This leadership style reflects their belief in leading for results rather than control.
Understanding that employees who have a stake in the company’s success are more likely to excel, Walters and Liyeos introduced an innovative incentive: equity stakes in each project developed. By giving employees a share in the company’s prosperity, they instill a sense of ownership and commitment to delivering high-quality outcomes.
“One of the things that we offer our employees is an equity stake in every project that we develop so that we’re all working together for the common good of the company,” Liyeos stated. This approach not only aligns the team’s interests with the company’s growth but also encourages a culture of collaboration and shared success.
Thoughtful Hiring and Low Turnover
Quattro Development’s extraordinary success in retaining employees can be attributed to their meticulous hiring practices and emphasis on cultural fit. They prioritize hiring individuals who are not just skilled but also align with the company’s values and ethos. This ensures a harmonious work environment where everyone contributes meaningfully.
Walters emphasized that finding the right people is crucial: “I think we’re careful about who we bring on board because we know it’s just not for everybody.” Through referrals and personal connections, Quattro Development has managed to create a team that genuinely cares about the company’s goals and vision.
Driving Towards the Future
Quattro Development’s achievements speak volumes about the effectiveness of their leadership philosophy. Despite being a small team, the company has successfully completed over 150 projects across 31 states, with a strong focus on results and employee satisfaction.
As they look to the future, Walters and Liyeos aim to continue nurturing a culture of self-sufficiency and expertise. Their belief in mutual respect, employee empowerment, and dedication to excellence sets Quattro Development apart as a trailblazer in the commercial real estate development industry. With each project, they continue to demonstrate that innovation in leadership can be a driving force behind both corporate and employee success.