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ContraVest Development

Developing Upscale Multi-Family Residential Communities Since 1986.
OUR MISSION:
To maximize the economic value of our clients’ apartment joint venture investment through excellence in development, financing, construction and property management.

ContraVest Development Services: Transforming Opportunities into Exceptional Value

At ContraVest, we can do for you what we have done for ourselves for the last several decades. We bring extensive expertise to every project, offering development services tailored to meet the unique needs of the client, situation and/or real estate holding. Our collaborative development process, that we call "trees to keys", enables us to transform your land into a vibrant community and income asset for its stakeholders.
View projects developed by ContraVest to discover the quality and scale of our luxury multi-family communities.

Our Development Philosophy

There are many different aspects to the development process and each parcel of land has its own nuances that must be addressed. We help with this.

The entitlements and requirements from the local Authority Having Jurisdiction (AHJ) will determine where we start. We leverage modern technology and analytics to assist with implementing a contrarian strategy to increase the likelihood of success. By acquiring prime land during periods of stagnation and developing assets in great locations of job and population growth, we consistently outperform most investment benchmarks and generate long-term value and income.

The key functions of going from “Trees to Keys” are:

  • Development – What is allowed and what will you build?
  • Financing – What is the most favorable financing for this project? How much and what debt is available?
  • Construction – Who will build this project and how can I be protected from all the construction issues? Yes, there can be many issues.
  • Property/Asset Management – now that it is open, how do I ensure we maximize the economic performance of the asset to reach our goals?

 

ContraVest’s contrarian strategy is built on anticipating market dynamics. We identify and acquire prime land for development during periods of stagnation, positioning ourselves to deliver exceptional projects as the multi-family real estate market recovers. This forward-thinking approach ensures a competitive edge and creates long-term value for stakeholders.

Our research-driven site selection focuses on sub-markets with robust job creation and population growth – key demand drivers for multi-family housing. By developing at a competitive cost basis, we deliver luxury communities that meet housing needs while offering compelling investment opportunities.

Key Highlights of ContraVest

  • 22+ Joint Venture Partnerships
  • Historical track record of execution of luxury Class A communities with competitive cost structures
  • Expertise in Build-Fill-Refinance (BFR) strategies to optimize income, and Build-Fill-Sell (BFS) to optimize short term returns

Land Seller Joint Venture Services

“How I do to monetize my land for capital gain or income?” ContraVest has partnered with many land sellers through strategic joint ventures, turning their property into a thriving multi-family residential community. With our industry knowledge and proven processes, we handle every step, including:

  • Feasibility Analysis: Comprehensive evaluation of your land’s potential for development.
  • Entitlements and Approvals: Navigating complex zoning and regulatory requirements to ensure smooth project progression.
  • Project Execution: Utilizing our expertise in design, financing, construction, and management to bring your vision to life and meet market demands.

By aligning your interests with ours, we create win-win solutions that maximize the value of your property while minimizing risks.

Fee-for-Service Development

If you prefer to maintain ownership and control over your property while leveraging our expertise, ContraVest offers Fee-for-Service Development tailored to your specific goals. Our team serves as your trusted partner, providing:

  • Customized Development Plans: Strategies aligned with your investment goals.
  • End-to-End Project Management: From pre-construction planning to final delivery, we handle the details so you can focus on your priorities.
  • Access to Industry Experts: Benefit from our decades of experience in design, financing, and construction.

Our fee-for-service model ensures transparency and flexibility.

Why Choose ContraVest?

Proven Expertise

  • Over three decades of experience in multi-family development.
  • $2.2 billion in constructed assets.
  • $1.87 billion in developed apartment communities.
  • Over 31,054 units developed and under construction.

Integrated and Collaborative Approach

From site selection and design to construction and property management, our approach ensures seamless delivery and maximum value.

Results-Driven

A track record of successful projects across diverse markets with an average internal rate of return (IRR) of 30.54% and a total equity multiple of 2.43x.

Partner With Us

Partner with or hire ContraVest to unlock the full potential of your property. Whether you’re a land seller exploring joint ventures or a property owner seeking a trusted development partner, we can help.

Contact Us Today

Reach out to our team to learn more about our Land Seller Joint Venture and Fee-for-Service Development offerings.

Current Projects

Addison Four Corners – Davenport, FL 


Units: 259 
Total Development Cost: $69,919,846 
Equity Required: $28,000,000 

Addison Apopka – Apopka, FL 


Units: 266 
Total Development Cost: $71,204,533 
Equity Required: $28,500,000 

Addison Tomoka Farms – Daytona Beach, FL 


Units: 308 
Total Development Cost: $81,233,774 
Equity Required: $32,500,000 

Success Stories

The Addison Lake Bryan (Orlando, FL)

• Development Cost: $53.37M | Sale Price: $101.33M
• IRR: 73.55% | Equity Multiple: 3.92x
• Partnered with Carlyle, this 266-unit community was developed in 2019 and sold in 2022 for $380,940/unit.

The Addison Skyway Marina (St. Petersburg, FL)

• Development Cost: $57.97M | Sale Price: $123.2M
• IRR: 70.44% | Equity Multiple: 4.16x
• This 308-unit project showcased exceptional performance, selling for $400,000/unit in 2022.

The Addison at South Tryon (Charlotte, NC)

• Development Cost: $31.91M | Sale Price: $49.1M
• IRR: 58.75% | Equity Multiple: 3.05x
• Developed in partnership with Grayco, this 321-unit property was sold in 2015.

The Addison on Millenia (Orlando, FL)

• Development Cost: $42.0M | Sale Price: $63.75M
• IRR: 45.57% | Equity Multiple: 2.80x
• Built in 2015 and sold in 2018, this project demonstrated ContraVest’s strategic timing expertise
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