Development

We specialize in the ground up development of multifamily apartment communities as well as commercial properties – including retail, flex/industrial/office, and self-storage properties.

We are experienced in every step of the development cycle, from land acquisition and deal structuring, financing, entitlements and permitting, construction, all the way through asset management and disposition.

Asset Types:

• Multifamily Apartment Communities (mostly 100+ units, focused on Class A construction)
• Retail – Neighborhood / Community Shopping Centers (mostly grocery anchored, 75K+ SF)
• Industrial / Flex / Office – multi- tenant + build-to-suit opportunities (mostly 50K+ SF)
• Self-Storage (mostly 75K+ SF)

Target Geographies:

• Broader East Coast with a current focus on the Mid-Atlantic region (Maryland, Virginia, New Jersey, Pennsylvania, North Carolina, South Carolina, Delaware)
• We will evaluate opportunities beyond the Mid-Atlantic if justified

Flexible Investment Structures:

• Direct development deals
• GP/Co-Investments/Preferred Equity
• Joint Ventures
• Recapitalizations / Asset Contributions / Portfolio Contributions

Deal Specifics:

• Deal Size: $10-150M+ (can go above and below based on deal specifics)
• Hold Period: Typically 3-7 years (can hold shorter or longer based on deal specifics)
• IRR: 17%+
• Equity Multiple: 2x+
• Average Cash on Cash: 7%+