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Multifamily Real Estate Investment
Beautiful Properties | Lasting Relationships | Vibrant Communities
What We Do
DEV Partners is a private equity investment firm that offers investment opportunities in real estate that creates long-term value for our investors and community at large. We invest strategically in underutilized assets, focusing on value-add opportunities that align with our five values and provide attractive returns.
170+
Residential & Commercial Units
$40M
Assets Managed
$57M
Active Development Projects
2.1x
Minimum Project Equity Multiple
15%
Minimum Project IRR
$11M+
In Equity Raised to Date
Leadership
Jay DeVore
CEO, Managing Partner
Brandon Foldes
Managing Partner
Steve Reynolds
Partner
Ellen Broich
Partner
Danny Heggen
Director of Development & Investment
Our leadership team comprises a dynamic group of individuals with diverse backgrounds and extensive expertise in the industry. With a shared passion for creating exceptional spaces, our team brings a wealth of experience in architecture, construction, acquisition, engineering, and investment management. Together, the team has collectively worked on nearly one billion dollars in real estate investment transactions, showcasing our dedication and success in delivering outstanding results.
Why Invest in Real Estate with DEV Partners?
We believe in investing with conviction, utilizing our expertise and partnerships to generate attractive returns for our investors in the Ohio and Iowa markets. Our properties are self-managed by our very own DEV Communities which provides control over our investment returns and tenant experience.
Quarterly Cash Flow
Real Estate produces periodic cashflow for investors which serves as passive income
Tax Advantages
Real Estate tax advantages include deductions for mortgage interest, property taxes, and depreciation
Zero Liability
As a limited partner (LP), you have no liability with loans / lending
Passive Income
As a limited partner (LP), you receive income from the real estate deals while we perform all the work
Security
As a tangible asset, real estate can preserve purchasing power and serve as an inflation hedge
Leverage
You can leverage real estate, which allows for magnification of purchase power and equity returns
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