Established in 1978 Loukas Development has completed the development, rehab, leasing, and conversions of over 500 residential Units, 53,000 Sq. Ft. of Urban Infill Retail, and 12,000 Sq. Ft. of office as sponsor or lead advisor. Currently, Loukas Development has a private portfolio of multifamily and retail under direct asset, property and construction management and a development pipeline of 770 residential units. With over $200M of total development capital invested as a sponsor since 2002 and an operating portfolio which includes a mix of stabilized retail and multifamily assets. Loukas Development has a development platform capable of scaling quickly for institutional opportunities.
Established to inspire and redefine residential and mixed use properties in urban locations with high barriers to entry, the firm has a specific expertise in high traffic transportation oriented developments located in high growth rate locations. Urban Infill developments in rapidly developing areas tend to out‐perform the real estate investment benchmark because of enhanced foot traffic, increasing fundamental desirability, economic growth, and transportation access. Both residential and retail properties benefit from these unique locations.
The Mission of Loukas Development is to be a leading real estate investor, manager, and developer, redefining the urban commercial, residential and mixed‐use experience by providing state‐of‐the‐art design and construction.
Loukas Development has diverse general contracting experience through its Newport Construction General Contracting platform. This allows Loukas Development to both execute construction projects or work with the best national contractors in the industry while delivering incredible value by leveraging its internal contracting knowledge base.
Loukas Development also has commercial and multifamily property management and leasing abilities. Loukas brings a hands‐on approach to all aspects of property management and leasing. Loukas Development also leverages the best management and leasing vendors in the country to capture institutional quality value with an entrepreneurial boots on the ground approach.