Our team is dedicated to providing the highest level of service and value. From urban development & modernization to luxury shopping center and affordable-housing everyone experiences the same level of attention.
Whether you are a large institutional investor or a nonprofit group, as an owner you can expect not only proactive and thoughtful management of your community but the added advantage of an organization that is committed to delivering superior service. From project lease-up and stabilization to controlling expenses and improving the bottom line, Star Development enhances value.
Star Developer has extensive experience operating both high rise and garden apartment communities in urban areas. With demonstrated management experience in mixed income communities, high-end luxury apartments, and “B” and “C” quality garden apartment communities. Our reputation is built upon offering exceptional customer service to residents and profitable management to owners. We have developed coordinated communication systems, which insure that decision making takes into account the needs of both the residents and the long-term performance / viability of the property. Our managed properties deliver the maximum performance in each market.
Star Development has a long established commitment to providing high quality affordable housing that meets the needs of residents, owners and tax credit syndicators. With over twenty years of experience managing both mixed income and 100% affordable communities, both residents and owners can be assured that a Star managed property will be operated and maintained to the highest standard. Our affordable housing experience includes management of properties with funding sources / restrictions that include Low Income Housing Tax Credits, HOME funds, Tax-Exempt Bonds, Taxable Bonds, Permanent Supportive Housing, AHIF funds, and other local county programs. Whatever the funding source(s), we have the experience necessary to manage the property in a way that enhances value and protects the owner’s investment.
During a property acquisition, Star Development has a trusted and experienced team of individuals that are capable of undertaking a comprehensive evaluation of any asset type. We work with purchasers to develop a thorough due diligence process for the asset it is evaluating including a review of operating and capital budgets, market conditions, management efficiencies, physical asset condition and financial risk. We understand the importance of evaluating a business opportunity while mitigating risk and providing a return for the investor.
Star Development has the experience and perspective to recognize when assets are no longer reaching their potential and need to be reevaluated for continued growth and opportunity. By approaching asset repositioning in a strategic and viable way, we have transformed properties into marketable assets through a variety of methods — substantial construction modifications, amenity space upgrades, conversion and/or redevelopment. Repositioning a multi-family asset can be a challenging process and we have the ability to uncover unrealized potential by guiding significant financial and sustainable policy decisions.
As a full-service real estate development company, our focus has primarily been on high-density residential projects in the emerging markets. We’ve made a specific impact on urban development, as exemplified by our industrial and modernization projects.