Development

Sureste Development LLC

Sureste Development LLC acquires land for new development projects from the ground up. As part of the process, our team will undergo the design, feasibility, development, planning, zoning, permitting and then, as developer for the site, we will oversee the actual build. Typical projects are located in markets where Sureste has significant presence and are well known to the company. Projects center around multifamily but also include: mixed-use, residential and light commercial.

7 Properties

183 acres of land

Up to 1,500 planned residential units

$14.2M in acquisition value

$315M in total development costs

$14.2M in entitled land under contract

$8M in entitled land with Letter of Intent Offer

Approximately $200M in new multi-family development in 2022

Strong development and investment pipeline in Southeast Markets

Sureste Development LLC

$8M in entitled land with Letter of Intent Offer

Invested more than $73M, plus over $32M in capital expenditures across our portfolio

Generated equity multiples of three to five times

Senior leadership acquires $12 Billion in multi-family procurements and developments

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