Real estate development in complex markets

We develop hotels, workforce housing, and industrial real estate in the smaller emerging markets of the Mountain West.

Investment Strategies

We acquire existing properties and develop new assets, working as both sponsor and fee developer. Our projects range from industrial conversions to new housing, hotels, and land development.

Select Service Hospitality

We develop national-flag select service hospitality in growing, undersupplied markets where lodging stock is outdated or insufficient.

We pair our internalized development capabilities with partnership-driven site sourcing to develop assets at comparative cost advantages to other developers. Then bring scaled operators and national brand distribution to emerging markets with growth tailwinds from employment, tourism, and quality-of-life growth.

Industrial Real Estate Development

We develop single- and multi-tenant industrial real estate for large national and regional tenants in emerging, business-friendly markets with strong workforce bases but a lack of vacant large-bay industrial space. We partner with generational landowners to control development parcels at an advantaged basis, completing horizontal improvements before a user is identified.

Our approach matches the 6–12 month window when the target user typically makes decisions versus build-to-suit competitors with raw land requiring 12+ months to deliver. Partnerships with economic development agencies and state governments give us early access to tenant demand across our markets.

  • Single-tenant to multi-tenant industrial conversions
  • Class A and B value-add industrial assets
  • Build-to-suit and partial-spec development

Multifamily Workforce Housing

We develop high-density workforce multifamily in tertiary markets where demand is durable, supply is constrained, and the math only works on land with an advantaged entry basis.

Our local relationships let us assemble sites at a basis outsiders can't reach, the precondition for building efficiently designed product that meets local income profiles while still delivering institutional-quality execution and operations.

Land Development

We acquire and entitle large tracts of raw and improved land for industrial, commercial, and multifamily use in markets with strong growth tailwinds but massive land value inflation.

Structured partnerships with local landowners and market stakeholders let us control land at a basis and timeline that matches market absorption rates and reasonable development timelines.

Our investment principles

Local Advantage

We work with landowners, public agencies, and tenants to secure sites and understand demand before committing to development. Those relationships shape what we build, what we pay for land, and when we move forward.

Relationships

Long-standing landowner partnerships help us secure development sites that rarely reach the open market.

Patient Capital

We invest deal by deal, without a fund deadline forcing a sale. Hold periods reflect the needs of each project.

Local Execution

We work through entitlements, construction, and tenant needs with the people who know each market.

Conservative Underwriting

We underwrite carrying costs and debt service through a range of market conditions.

Investor Access

Reporting, diligence materials, and active deal rooms are available on our investor portal.

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