Over 30 years of experience developing, owning and operating apartment communities throughout the Mid-Atlantic.

NewCastle Development Group is a real estate investment firm focused on the development and acquisition of multifamily assets of 120 units or more in select markets in Virginia, North Carolina, and Maryland. Our business model emphasizes ground-up development of Class A communities, as well as value-add acquisitions, in high-barrier-to-entry markets with solid economic fundamentals.  We select financing structures that best fit each deal, including conventional bank loans, government-insured mortgage-backed securities, tax credit equity, and other alternative capital structures. Our business model has been honed in recent years by several successful development communities, but is ultimately rooted in experiences and lessons learned in multifamily investment spanning several decades across multiple economic cycles.  We are disciplined in how we execute our model, preferring to continually examine a large volume of potential deals until we find a fit, rather than compromising our model to fit a deal.