Steady Cash Flow: Our projects are designed to generate consistent rental income, offering a reliable financial stream that can offset expenses or be reinvested.

Tax Advantages: Depreciation allows you to deduct a portion of the property's value from your taxes each year. This reduces your tax burden and boosts your overall return. Imagine significant reductions to your tax bill!

Building Equity: As you make your mortgage payments, you steadily pay down the principal loan amount. This increases your ownership stake (equity) in the property, building long-term wealth.

Appreciation Potential: Over time, real estate values often increase. When you eventually sell your investment, you may see a significant profit due to appreciation.

By combining these benefits, DEV Partners developments offer a well-rounded approach to real estate investing.

DEV Partners is deeply committed to fostering growth and development within specific markets that exhibit unique potential for sustainable and lucrative real estate ventures. Our focused approach on Central Ohio and Central Iowa is driven by several key factors:

Economic Growth and Stability: Both Central Ohio and Central Iowa have shown robust economic growth over the past decade. These regions boast diverse economies with strong sectors such as education, healthcare, agriculture, and manufacturing, providing a stable environment for real estate development.

Demographic Trends: These areas have experienced significant demographic shifts, including population growth and urbanization. Such trends increase the demand for both residential and commercial real estate, from affordable housing to office spaces, making them ideal for targeted development projects.

Government Support and Incentives: Local governments in these regions are highly supportive of development projects, often offering incentives such as tax abatements and grants for real estate developers. This favorable political climate makes Central Ohio and Central Iowa attractive locations for long-term investments.

Geographical Advantages: The central locations of Ohio and Iowa within the United States offer logistical advantages for commercial real estate developments. These areas serve as strategic hubs for transportation and distribution, which is a significant factor for commercial clients looking for optimal locations.

Community Needs and Impact: At DEV Partners, we are driven by a commitment to community impact. Central Ohio and Central Iowa have unique community needs that our projects can address, such as revitalizing downtown areas, creating more green living spaces, and developing properties that enhance local neighborhoods.

Market Opportunities: Our in-depth market analysis has revealed that both Central Ohio and Central Iowa have less market saturation compared to coastal cities, yet show similar potential for high returns on investment. This combination of lower competition and high growth potential allows us to execute projects that can have a substantial positive impact, both economically and socially.

Our strategic focus on Central Ohio and Central Iowa is not just about growing our portfolio; it's about making a meaningful difference in the communities we serve while maximizing the value we deliver to our stakeholders. We believe that our targeted approach in these regions will continue to yield significant benefits for our investors, our company, and the communities we develop.

There's no such thing as a 100% safe investment, but real estate can be a fortress in a financial storm. While the stock market can be unpredictable, real estate offers a tangible asset with historical appreciation. Think of it like this: people will always need a place to live, regardless of the economy.

Real estate also provides a hedge against inflation. As the cost of living goes up, rents tend to follow, providing a natural income boost for your investment.

It's important to remember, safety in real estate comes from thoughtful planning. Location, property type, and market research are crucial.

Not all developers are created equal! Here are some key qualities that set the good ones apart:

Proven Track Record: Look for a developer with a history of successful projects. This demonstrates their ability to deliver on time, within budget, and with high-quality finishes.

Strong Market Expertise: A good developer understands the specific needs and trends of the market they operate in. They'll choose the right locations, property types, and amenities to attract tenants or buyers.

Financial Savvy: Real estate development involves complex financial considerations. A good developer has a strong understanding of financing options, construction costs, and how to maximize returns.

Experienced Team: Look for a developer with a team of experienced professionals, including architects, engineers, and construction managers. This ensures a smooth development process and minimizes potential problems.

Focus on Quality and Design: A good developer prioritizes not just functionality, but also aesthetics and lasting value. They'll create properties that are not only attractive to tenants or buyers but also well-built and sustainable.

Open Communication: A good developer keeps investors informed throughout the development process. They're transparent about challenges and opportunities, fostering trust and confidence.

At DEV Partners, we strive to embody all these qualities. We invite you to explore our track record, meet our team, and see for yourself what makes us a good real estate development partner!

It's natural to have questions when considering a real estate development project! Here are some key points to consider:

Developer Track Record: Research the developer's experience and past projects. Look for a history of success and a strong reputation for quality and completion.

Project Details: Understand the project's specifics, including location, target market, and exit strategy (how you'll ultimately sell your investment).

Financial Transparency: Ask for detailed financial projections and understand the investment structure, including potential risks and returns.

Communication and Support: Investing with a developer is a partnership. Ensure clear communication channels and inquire about the level of support offered throughout the investment journey.

By addressing these questions, you'll gain the confidence to make informed decisions about investing with a developer, including DEV Partners.

Equipping yourself with key terms is crucial for evaluating commercial real estate! Here are some essential ones to understand:

Cash Flow: Similar to residential investments, positive cash flow is key. It's your rental income minus operating expenses. Aim for projects with stable or increasing cash flow.

Depreciation: This tax benefit allows you to deduct a portion of the property's value from your taxes each year, lowering your tax burden.

Appreciation: The potential increase in the property's value over time. Appreciation can provide a significant profit when you eventually sell. Consider historical appreciation trends in the area.

Principal Paydown: With each mortgage payment, you reduce the principal loan amount, increasing your ownership stake (equity) in the property. This builds long-term wealth.

Internal Rate of Return (IRR): This metric goes beyond annual returns, factoring in the time value of money. Ideally, a good commercial deal would have an IRR of 12-18% or higher.

Cash on Cash Yield: This focuses on the annual cash flow you receive compared to your initial investment. A good cash on cash yield might fall between 6-10%.

Limited Partner (LP): As an LP, you contribute capital to the project but have limited management involvement. This is a common role for investors in DEV Partners' offerings.

General Partner (GP): The GP manages the project, makes investment decisions, and takes on more responsibility. DEV Partners acts as the GP for our projects.

Promote: This is the share of the project's profits allocated to the GP for managing the investment.

By understanding these terms, you can confidently evaluate commercial real estate projects like those offered by DEV Partners. We're happy to explain these concepts further and help you assess potential returns based on your investment goals!

A real estate development offering memorandum (OM) is a crucial document for you as a potential investor. It should provide a clear picture of the investment opportunity and empower you to make informed decisions. Here's what you should look for in a well-structured OM:

Investment Overview:

Project Description: Understand the type of development (residential, commercial, mixed-use), its location, and its target market.

Investment Objectives and Strategy: What are the developer's goals for the project? Are they aiming for capital appreciation, rental income generation, or a mix of both?

Property Details:

Site Description: Learn about the property's size, zoning regulations, and any unique features (amenities, historical significance).

Development Plans: Review detailed architectural renderings, construction timelines, and the proposed unit mix for the development.

Financial Projections:

Projected Costs: Gain insights into development costs, construction budgets, and ongoing operational expenses.

Projected Returns: Understand how much income the project is expected to generate, including potential rental income and appreciation forecasts. Look for clear calculations and assumptions behind these projections.

Risk Factors:

Market Risks: The OM should acknowledge potential risks like economic downturns, changes in market demand, or unforeseen construction delays.

Development Risks: Be aware of potential issues like permitting delays, cost overruns, or tenant vacancy rates.

Management Team:

Developer Experience: Research the developer's track record, past projects, and team qualifications. Look for a team with experience in similar development projects.

Property Management Plan: Understand how the property will be managed once construction is complete.

Legal Considerations:

Investment Structure: Be clear about the legal structure of the investment (joint venture, ownership stake, etc.).

Exit Strategy: Understand how you will eventually sell your investment and receive your return.

Additional Information:

Marketing Plan: If the project relies on tenant rentals, review the marketing strategy to understand how the developer plans to attract tenants.

Investor Suitability: The OM might outline the risk profile associated with the investment. Be sure you understand if it aligns with your investment goals and risk tolerance.

Remember: Don't hesitate to ask questions if anything in the OM is unclear. A reputable developer should be transparent and willing to address your concerns.

Real estate development offers exciting opportunities, but it's important to understand the potential risks involved. Here are some common ones to consider:

Market Fluctuations: Real estate markets can experience ups and downs. Unexpected economic downturns or changes in tenant demand could impact rental income or property values.

Construction Delays: Unexpected delays during construction can push back project timelines and potentially affect your investment returns.

Cost Overruns: Unforeseen construction costs can eat into project profits and potentially impact your returns.

Developer Performance: If the developer lacks experience or has a poor track record, the project may not be completed successfully or generate the expected returns.

Exit Strategy Challenges: Selling your investment or receiving your share of profits might be more difficult or take longer than anticipated.

While these risks exist, partnering with a reputable developer like DEV Partners can help mitigate them. We focus on:

Market Research: We carefully analyze market trends to select projects with strong potential.

Detailed Planning and Budgeting: Our meticulous planning process minimizes the risk of delays and cost overruns.

Experienced Team: Our team has a proven track record of successful project completion.

Open Communication: We keep investors informed throughout the development process to manage expectations.

Clear Exit Strategy: We outline a clear exit strategy upfront so you understand how you'll realize your investment returns.

By understanding the risks and choosing a developer with a strong track record, you can make informed investment decisions and maximize your potential for success!

Inflation can erode the purchasing power of your money, but commercial real estate can offer a potential shield. Here's how:

Rental Income Growth: As inflation rises, the cost of living typically increases. This can lead to landlords negotiating higher rents on commercial properties, keeping your income stream growing alongside inflation.

Property Value Appreciation: Over time, the value of well-maintained commercial properties tends to appreciate. This means when you eventually sell your investment, you might benefit from a profit that outpaces inflation.

Fixed-Rate Mortgages: If you finance your commercial real estate purchase with a fixed-rate mortgage, your monthly payments remain constant even if inflation rises. This helps protect your cash flow and potentially improves overall returns.

It's important to remember:

Market Conditions Matter: Commercial real estate is not immune to economic downturns. Location, property type, and market demand can all influence performance.

Long-Term Approach: Commercial real estate is a long-term investment. While it can hedge against inflation, it might not be the best choice for those seeking immediate returns.

At DEV Partners, we develop commercial properties in strategic locations with strong potential for rental income growth and long-term value appreciation. We can help you explore how our projects can be a valuable hedge against inflation and contribute to your overall financial goals!

Commercial real estate investment opportunities can fall under different SEC regulations depending on the structure. Here's a simplified breakdown:

Public Offerings: Large, publicly traded Real Estate Investment Trusts (REITs) are subject to stricter regulations to protect investors. These are readily available through brokerage firms.

Private Placements: Many commercial real estate investments are private placements, meaning they are not open to the general public. The SEC offers exemptions for these offerings, such as Regulation D (Reg D).

Reg D allows developers to raise capital from a limited number of investors, typically:

Accredited Investors: These investors meet certain income or net worth thresholds set by the SEC.

Sophisticated Investors: These investors have the experience and knowledge to evaluate the risks and potential rewards of the investment, regardless of their net worth.

By working with a reputable developer like DEV Partners, you can be assured of:

Compliance with relevant SEC regulations. We ensure our offerings adhere to Reg D or other applicable exemptions.

Investor Suitability: We qualify investors to participate based on SEC requirements and ensure the investment aligns with your financial goals and risk tolerance.

Transparency: We provide clear and thorough offering materials outlining the investment details, risks, and potential rewards.

There are a few reasons why traditional brokerage firms like Edward Jones might not offer a wide range of alternative investments:

Primarily:

Focus on Public Markets: These firms typically specialize in publicly traded stocks, bonds, and mutual funds. They do not have the resources or expertise to manage individual private alternative investments like commercial real estate. In fact, in many cases their firms prohibit their advisors from discussing these investments with their clients.

Real estate development is a multifaceted process that involves several critical steps to take a project from concept to completion. Understanding these steps is crucial whether you are a new investor or a seasoned developer. Here’s a breakdown of the typical phases in the real estate development process:

Market Analysis and Feasibility Study: Before any real dirt is turned, a thorough market analysis and feasibility study are essential. This initial phase helps developers understand the demand in a particular area, the type of property that would be successful, and the potential return on investment. By analyzing demographic and economic data, developers can make informed decisions on whether a project is viable.

Site Selection and Acquisition: Choosing the right location is paramount in real estate development. During this phase, developers assess various sites based on criteria established in the feasibility study and select the most suitable one. Once a site is chosen, the acquisition process involves negotiating terms and securing ownership or the right to develop the land.

Project Conceptualization and Design: With a site in hand, developers move on to planning and designing the project. This stage involves architects, engineers, and planners who help translate the developer's vision into tangible plans. Considerations include zoning laws, environmental impact, and community needs, which all influence the project’s design.

Securing Approvals and Permits: No real estate development can proceed without the necessary approvals and permits from local authorities. This regulatory phase can be complex and time-consuming, as it involves compliance with zoning laws, building codes, and other regulations.

Financing the Project: Real estate development requires significant financial resources. During this phase, developers secure financing through loans, investor funding, or other financial models. The financial structure needs to be robust to ensure sufficient cash flow through all phases of development.

Construction: With funding in place and permits secured, construction can begin. This phase transforms plans into physical structures. It requires careful coordination among various contractors and continuous oversight to ensure the project stays on schedule and within budget.

Marketing and Leasing: As construction nears completion, marketing the project becomes the focus. For residential developments, this may involve selling units or leasing apartments. For commercial projects, it might mean securing tenants for retail, office, or other commercial spaces. Effective marketing strategies are essential to attract buyers or lessees.

Operations and Maintenance: Once the project is completed and occupants have moved in, the development enters the operations phase. Ongoing management is required to maintain the property, manage leases, and ensure a return on investment. This long-term phase can last for many years, depending on the project’s lifecycle.

Each of these steps requires detailed attention and expertise to ensure the success of a real estate development project. At DEV Partners, we pride ourselves on our meticulous approach to each phase, ensuring that every project we undertake is managed effectively to meet both our high standards and the expectations of our stakeholders.

Securing a job in real estate development is an exciting prospect for many, given the industry's dynamic nature and the potential for significant career growth. If you're looking to start or advance your career in this field, here are some strategic steps to follow:

Educational Background: Most real estate developers have a background in fields related to finance, business, urban planning, or engineering. Pursuing a degree in one of these fields can provide you with the foundational knowledge necessary for a career in development. Specialized degrees in real estate development are also highly valuable.

Gain Relevant Experience: Hands-on experience is crucial in the real estate industry. Consider internships or entry-level positions at real estate firms, which can provide you with practical experience and a chance to observe and learn the day-to-day workings of real estate projects. Experience in related sectors like real estate brokerage, construction, or architecture can also be beneficial.

Develop a Network: Networking plays a key role in the real estate sector. Attend industry conferences, seminars, and workshops to meet professionals in the field. Connecting with seasoned developers and joining real estate development groups or forums online can also enhance your industry contacts.

Understand the Market: Real estate is a market-driven industry. Having a deep understanding of market trends, consumer behavior, and economic factors that affect real estate values will make you a more competitive candidate.

Learn the Necessary Skills: Real estate development requires a blend of technical and soft skills, including project management, financial analysis, negotiation, and strategic thinking. Enhancing these skills through courses or on-the-job learning can significantly boost your career prospects.

Apply Strategically: When applying for jobs, tailor your resume and cover letter to highlight your relevant experience, education, and skills in real estate development. Focus on how you can contribute to specific projects or the company’s goals based on your background and industry knowledge.

Prepare for Interviews: Be ready to discuss not only your past projects and experiences but also your knowledge of industry trends and your vision for development opportunities. Demonstrating your enthusiasm for real estate development and your proactive approach to learning and contributing to projects can set you apart.

At DEV Partners, we are always on the lookout for talented and passionate individuals eager to make their mark in real estate development. Whether you are just starting out or looking to take your career to the next level, consider how your unique skills and experiences can contribute to our ongoing projects and long-term vision.

Understanding the distinctions between residential and commercial real estate is essential for investors, developers, and anyone involved in the real estate sector. Here’s a clear breakdown of the differences, along with clarification on the classification of apartment buildings:

Definition and Purpose:

Residential Real Estate: This category includes properties used primarily for living purposes. It encompasses single-family homes, condos, townhouses, duplexes, and other dwellings where people reside.

Commercial Real Estate: This type of real estate is used primarily for business purposes. It includes office buildings, retail spaces, warehouses, hotels, and other properties leased or used for commercial activities.

Financing and Investment:

Residential Real Estate: Financing for residential properties is typically straightforward, involving standard mortgages. Investments in residential real estate are often considered safer due to the constant demand for living spaces, though the returns might be lower compared to commercial properties.

Commercial Real Estate: Commercial properties usually involve more significant initial investments and complex financing options. However, they often yield higher returns and longer lease terms, which can provide more stable income streams.

Lease Terms and Income Stability:

Residential Real Estate: Lease terms are generally shorter (often one year), and laws heavily favor tenants. Residential properties might see more frequent tenant turnover, which can lead to variable income stability.

Commercial Real Estate: Commercial leases are typically longer (often five to ten years or more), which provides prolonged income stability. These leases also tend to pass more operational costs (like maintenance and taxes) onto the tenant.

Market Dynamics:

Residential Real Estate: The market is influenced heavily by personal consumer behavior, economic conditions, and interest rates. The demand for residential properties tends to be more consistent but can fluctuate based on economic cycles.

Commercial Real Estate: This market is driven by business needs, economic conditions, and broader economic indicators. It can be more volatile, with values and demand influenced by the health of the economy.

Category of an Apartment Building:

Apartment buildings are generally classified as residential real estate because they serve as residences for individuals and families. However, from an investment and management perspective, they often align more closely with commercial real estate. This is because they can house multiple tenants, involve longer lease agreements, and generate income more akin to commercial property operations. Therefore, for investment purposes, large apartment complexes are often managed like commercial properties.

DEV Partner operates in a competitive landscape that includes several notable real estate developers specializing in multifamily projects. Among its competitors in Central Ohio and Iowa are:

Schiff Capital Group: Known for its multi-family and commercial real estate developments in Columbus, Ohio, Schiff Capital Group has established a significant presence with a focus on innovative urban living spaces.

The Robert Weiler Company: With over 75 years of experience, this Columbus-based firm handles various real estate development services including multi-family properties, playing a pivotal role in shaping the local community.

Elford Development: This company offers a broad spectrum of real estate services ranging from retail to multi-family and mixed-use projects in Central Ohio, known for its integrated approach to development and management.

Caliber Iowa: Based in Des Moines, Iowa, Caliber Iowa excels in land development and multi-family construction, providing comprehensive real estate solutions including property management and custom home building.

Roers Companies: Although primarily based in Minnesota, Roers Companies extends its services to Iowa, focusing on creating institutional-scale apartments and affordable housing in high-demand areas.

BREC Development: Specializing in multifamily real estate development, acquisition, and renovation, BREC Development has over 19 years of experience and operates across several states, focusing on multifamily markets.

These companies exemplify the diverse and dynamic nature of the real estate development industry, each bringing unique strengths to the table, from local market expertise to multi-state operations and comprehensive project management.