AIRE Development Group puts its own capital into the same markets and the same asset classes we counsel clients on. Multifamily repositionings, ground-up infill, and single-family renovation, delivered across Texas and Georgia over two decades.
Every asset in this portfolio is somebody's home. We underwrite for the return, and we hold ourselves to what the building does for the block it sits on.
Buy the basis. Solve the problem the last owner couldn't. Hold or exit on our own terms.
A ten-unit apartment building in northeast Houston, acquired at a basis far below what stabilized product in the same submarket was trading for.
It traded at that basis for a reason. The building needed a full physical repositioning before it could hold market rents, and it had to be executed without leverage that would swallow the spread.
AIRE took the property through a complete rehabilitation and re-tenanting program through a joint-venture entity, funding the work rather than levering it.
The building is held free and clear today, fully repositioned and income-producing, at a valuation that is a multiple of its acquisition basis. Ten households live in a building that was failing when we bought it.
A single-family home in one of the strongest suburban submarkets in the Houston MSA, acquired in early 2023.
The house needed enough work to keep retail buyers away, but not enough to justify a gut. The entire margin lived in scoping the renovation tightly and not over-improving past what the comparables would carry.
AIRE executed a disciplined renovation targeted only at the items that move appraised value, holding scope and schedule to plan.
Delivered and sold at a substantial premium to all-in cost, the strongest per-asset result in the realized portfolio, and a family in a house that had been sitting.
Four vacant infill lots inside Houston, assembled between 2020 and 2023 in neighborhoods other builders had passed over.
Inexpensive land is only inexpensive until you build on it. Each lot had to carry a new home through a period of severe construction-cost inflation, in submarkets with thin new-construction comparables to appraise against.
AIRE built all four through a joint-venture entity on a repeatable plan, controlling vertical cost and staging deliveries across four years rather than all at once.
Four new homes delivered and sold in neighborhoods that had seen almost no new construction in a generation, and the comparables the next round of infill in those blocks now underwrites against.
Completed developments and dispositions where AIRE Development Group or an affiliated entity held title.
| Project | Market | Asset type | Scope | Delivered | Status |
|---|---|---|---|---|---|
| Suburban Renovation & Resale | Pearland, TX | Single-Family | Acquisition & Renovation | 2023 | Sold |
| Infill Build, Phase IV | Houston, TX | New Construction | Ground-Up Single-Family | 2024 | Sold |
| Infill Build, Phase III | Houston, TX | New Construction | Ground-Up Single-Family | 2023 | Sold |
| Infill Build, Phase II | Houston, TX | New Construction | Ground-Up Single-Family | 2022 | Sold |
| Infill Build, Phase I | Houston, TX | New Construction | Ground-Up Single-Family | 2021 | Sold |
5 realized transactions · 2020–2024
Eleven assets, from an eighty-unit apartment community under repositioning to single-family homes held for the long term.
| Asset | Market | Type | Units | Acquired | Status |
|---|---|---|---|---|---|
| Apartment Community | Houston, TX | Multifamily | 80 | 2026 | Repositioning |
| Apartment Community | Houston, TX | Multifamily | 60 | 2026 | Repositioning |
| Apartment Building | Houston, TX | Multifamily | 10 | 2022 | Stabilized |
| Single-Family Residence | Rosharon, TX | Single-Family | 1 | 2026 | Hold |
| Single-Family Residence | College Station, TX | Single-Family | 1 | 2009 | Long-Term Hold |
| Single-Family Residence | Dallas, TX | Single-Family | 1 | 2025 | Stabilized Rental |
| Single-Family Residence | Conroe, TX | Single-Family | 1 | 2024 | Renovation |
| Single-Family Residence | Humble, TX | Single-Family | 1 | 2024 | Renovation |
| Single-Family Residence | Houston, TX | Single-Family | 1 | 2023 | Stabilized Rental |
| Single-Family Residence | Houston, TX | Single-Family | 1 | 2026 | Renovation |
| Residential Condominium | Houston, TX | Single-Family | 1 | 2020 | Stabilized Rental |
11 assets held · 100+ units. Several assets are held through joint-venture entities. Specific property addresses, acquisition terms, and financial performance are not published; they are available to qualified partners under confidentiality. This page presents portfolio composition only and is not an offer to sell securities.
We buy where population growth, employment, and household formation are outrunning the housing stock, and where we can walk the site the same week you call.
Whether you own the land, are underwriting a deal, or need capital placed, we start with the same question: what is this site actually worth built out?