Novin Development Corp. currently owns and manages 170 apartment units and 76,500 square feet of commercial including 23,000 square feet of mixed- use retail from San Francisco to Santa Cruz. NDC is a long-term property owner with a 100% equity ownership stake in our current portfolio. This investment strategy has helped NDC create a strong balance sheet with very low leverage and strong cash-flow.
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.