From class ‘A’ market-rate rental communities to single-family for rent, Wallace Development Partners (“WDP”) knows residential real estate. We understand the fundamentals, economic drivers, development climate, and customer demands required to make each development a success. No market is the same, and our approach, final development thesis, and delivered products are tailored to create the highest and best residential use for your site.
WHO
WE ARE
REAL ESTATE MINDED
RELATIONSHIP BUILDERS
We stand behind our commitments. WDP has built a track record of reliability, integrity, and transparency. This reputation, combined with creative problem solving, has resulted in strong relationships with land owners, brokers, investors, municipal stakeholders, consultants, and others within the real estate community and government realm.
RESPONSIVE TO RECON
Our eyes are wide open. WDP analyzes market data to determine trends for each property to assist in go/no-go decisions. We also create conservative business plans and investment strategies to protect our investors and development partners while achieving above-average returns. WDP is active in both proven and supply constrained markets that have shown sustained emerging trends.
ROI & RESULTS
The numbers must work. WDP seeks opportunistic development projects with the flexibility to merchant build or hold long term; dependent upon the collective goals of our investors and partners. Each development pursued by WDP is underwritten to achieve attractive XIRR and multiple equity returns. In addition, WDP actively seeks joint ventures with land owners that desire to substantially increase the value of their assets and participate in value creation and cash flow generation.
WHAT WE DO
Wallace Development Partners, LLC is a minority-owned real estate development company located in Orlando, Florida. From site selection to asset management, our team efficiently manages the entire development process to create the completed asset and income stream. Our team of professionals offers a renowned level of experience, confidence, integrity, reliability, and ingenuity to find the deal and execute the business plan.
Our team has contributed to the delivery of over ten fee-simple townhome communities, 3,200 class ‘A’ market rate, multifamily units, and 500,000 square feet of retail across five states resulting in the creation of over $1 billion in property value.