NewCastle Development Group Employee Directory

Over 30 years of experience developing, owning and operating conventional and affordable apartment communities. Castle Development Partners is a real estate investment firm focused on the development and acquisition of multifamily assets in the Eastern United States. The company builds and acquire Class A, B and Tax Credit communities of 120 units... or more, with a deal sizes ranging from $25M to $100M in total development and acquisition costs. The company's business model emphasizes ground up development and value-add acquisitions in high-barrier to entry markets with solid economic fundamentals. The company select financing structures that best fit each individual deal including conventional bank loans, government insured mortgage backed securities, tax credit equity and other alternative capital structures. The company's business model has been honed in recent years by a number of successful development communities, but is ultimately rooted in experiences and lessons learned in multifamily investment spanning several decades across multiple economic cycles. The company is disciplined in how the company execute the company's model, preferring to continually examine a large volume of potential deals until the company find a fit, rather than compromising the company's model to fit a deal.Read More