FULL SPECTRUM DEVELOPMENT (FSD) is a Pittsburgh-based private equity real estate development firm, specializing in Sponsor/General Partner (“GP”) development opportunities as well as partnership opportunities alongside asset owners, commercial real estate operators, co-developers, and private and institutional capital partners. 

Focus on high growth emerging middle markets

Target, market focused array of assets and opportunities

Meticulous valuation approach

Collaborative partnership process

Deliver quality projects with strong fundamental financial parameters

Operational management to drive maximum income and asset appreciation

FSD is a true collaborative GP in the development process, beyond simply a source of capital. Our team takes a hands-on approach for market analysis, financial analytics, site evaluation, design & construction oversight, and operational controls.  With the team's collective expertise, our firm’s unique approach to execution and operation makes us the ideal partners for GP and Co-GP opportunities

Expertise and resources provide the foundation to provide solutions to the complexities of development.  Immediate access to GP equity and equity partner (EP) sources awards us the ability to streamline the capital stack and underwriting of projects.  Along with our ability to efficiently navigate through due diligence, outline programming for design & engineering, and management of all construction related activities, we have the necessary experience and resources to provide solutions as they arise.

FSD seeks to maximize value in investment of opportunities through a shared strategic vision of how to increase revenue, cash flow, asset appreciation, and investment horizon. This vision entails structuring risk adjusted financial modeling along with appropriate equity versus debt financing.  Identification of all relevant risks in the pre-development phase allows us to proactively implement mitigating situations.

FSD’s approach as a GP is not only to lead the development, but to serve as a value-add resource to financial, design, construction, and management teams. Leveraging the collective strengths of the team and taking an active role in the implementation of the development strategy. 

Our strategy is to pursue and invest in opportunistic real estate projects that offer value-add potential with diminished risk.  Our focus on conducting in-depth market analysis and feasibility studies, enables us to craft and execute a detailed investment strategy based on each asset’s potential as outlined below:

·  Pittsburgh and tri-state area in Pennsylvania, Ohio, West Virginia

·  Southeast coastal corridor from Myrtle Beach to Jacksonville

·  Emerging middle markets in Florida

·  Opportunistic locations as presented

·  Uses: multi-family, retail, commercial, student housing, hospitality, anchor tenant partnership, and mixed use

·  Ground-up new construction

·  Underperforming, reposition, and value-add existing assets

·  Project Size

Up to $50 million total project cost

·  Capabilities

Fund Sponsor/GP/Co-GP/LP equity

Carry: Completion Guaranty, Guaranty of Nonrecourse Carve-out, Full or Partial Payment Guaranty

Access to additional LP capital

·  Exit Strategy

Based on development and project parameters

Time Horizon Sale 

Refinance