Development

Novin Development Corp. and Novin Investments currently own and manage 330 apartment units and 90,000 square feet of commercial including 24,000 square feet of mixed- use retail from in California. We are a long-term property owner. This investment strategy has helped us create a strong balance sheet with very low leverage and strong cash-flow. In addition to our existing portfolio of real estate, we have 600 new construction units in the pipeline.

Building on our existing portfolio of investments, NDC develops new urban infill and multifamily transit-oriented development properties ourselves or in Joint Venture partnership with property owners and other qualified development partners. Leveraging our own capital and our network of lenders and investors, NDC is actively acquiring vacant or underutilized land and existing value add multifamily properties in the Bay Area with the goal of preserving and creating exemplar socially responsible developments that are sensitive to local community needs while maximizing returns to our investors. We target urban areas, mixed-income projects and transit oriented developments in line with our double bottom line commitment to risk adjusted returns and social/environmental sustainability.  Our minimum new construction project size is 40 units. For more information on our development properties, please click here.