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Stevost Development Group (SDG)
Income-Producing Residential, Multifamily, Mixed-Use & Industrial Flex Investments Across Houston
Invest With Confidence
Stevost Development Group (SDG) provides qualified investors access to high-performing real estate investment opportunities across Houston and key Texas growth markets. Our track record demonstrates consistent performance in one of America's fastest-growing metropolitan areas.
We specialize in cash-flow-focused, scalable developments backed by in-house development, general contracting, and project management—ensuring disciplined execution from land acquisition to exit. This vertical integration allows us to maintain quality control, optimize costs, and deliver superior returns throughout every phase of the investment lifecycle.
Proven Track Record
Consistent delivery of high-performing assets across multiple market cycles
Aligned Interests
SDG co-invests alongside partners to ensure shared risk and upside
Focused Strategy
Disciplined underwriting and market selection in high-growth corridors
Our Investment Focus
SDG targets asset classes with strong demand fundamentals, resilient performance, and long-term appreciation. Our investment thesis is built on Houston's robust economic drivers, including energy sector growth, population migration from higher-cost markets, and continued infrastructure expansion.
We concentrate our efforts in submarkets demonstrating sustained job growth, expanding household formation, and improving employment accessibility. This disciplined approach to site selection ensures our developments capture organic demand while maintaining conservative leverage profiles. Our portfolio strategy emphasizes diversification across asset classes while maintaining expertise in each vertical, allowing us to capitalize on market opportunities as they emerge.
Market Selection
Job-growth corridors with strong demographic trends and infrastructure investment
Asset Strategy
Income-producing properties with predictable cash flows and value-add potential
Risk Management
Conservative underwriting with multiple exit strategies and downside protection
Small Multifamily
Duplex • Triplex • Fourplex
Small multifamily properties represent one of the most attractive risk-adjusted returns in today's real estate market. These assets combine the operational efficiency of single-family homes with the income diversification of larger multifamily properties, creating a compelling investment profile for both institutional and private capital.
Houston's strong renter demographics, driven by workforce migration and affordability advantages over coastal markets, support sustained demand for quality small multifamily housing. These properties typically achieve faster lease-up velocities and maintain lower vacancy rates compared to larger apartment communities, while offering superior rent-to-cost ratios that drive attractive cash-on-cash returns.
High rent-to-cost ratios
Efficient construction methods and optimized unit mixes deliver superior income relative to development costs
Fast lease-up and low vacancy
Strong renter demand ensures rapid absorption and stable occupancy rates throughout hold periods
Ideal for Build-to-Rent (BTR) strategies
Institutional investors increasingly seek these assets for portfolio diversification and predictable cash flows
Strong long-term hold and refinance potential
Stable NOI growth supports attractive refinancing opportunities and equity extraction strategies
7-9%
Target Cap Rates
Attractive yields with strong appreciation potential
15-25%
Typical ROI Range
Superior returns driven by efficient execution
Multi-Townhome Communities
6–40+ Unit Developments
Multi-townhome communities represent a strategic middle ground between small multifamily and large-scale apartment developments. These properties capture strong demand from workforce renters and young professionals seeking more spacious, home-like living environments while maintaining the affordability advantages of attached housing. Houston's expanding job market and continued in-migration from higher-cost markets create sustained absorption for quality townhome rental communities.
Our townhome developments leverage repeatable, cost-controlled designs that enable predictable budgets and accelerated delivery timelines. This operational efficiency, combined with lower per-unit maintenance costs compared to traditional apartment buildings, drives superior net operating income and cash flow performance. The flexible exit strategies—including Build-to-Rent, Build-to-Sell, or hybrid approaches—provide investors with multiple pathways to realize returns based on evolving market conditions.
Strategic site selection in emerging growth corridors positions these communities to benefit from neighborhood appreciation while maintaining competitive rental rates. The attached housing format provides attractive density without the institutional feel of larger apartment complexes, appealing to renters seeking community-oriented environments with private outdoor spaces and modern amenities.
Workforce & Young Professional Demand
Captures growing renter segment seeking space, privacy, and modern finishes at accessible price points
Efficient Density with Lower Maintenance
Optimized land use and attached construction reduce operating expenses while maximizing returns
Repeatable, Cost-Controlled Designs
Standardized plans enable faster permitting, predictable budgets, and streamlined construction timelines
Flexible Exit Strategies
BTR, BTS, or hybrid approaches provide multiple realization pathways based on market conditions
18-25%
Typical ROI range driven by efficient execution and strong market fundamentals
85%+
Average stabilized occupancy rates across portfolio properties
Multifamily Development
60–150 Unit Garden-Style & Mid-Rise
Institutional-quality multifamily developments form the cornerstone of durable, income-producing real estate portfolios. SDG's focus on 60-150 unit communities captures economies of scale while maintaining manageable project risk profiles and efficient operational oversight. These workforce-focused assets target Houston's expanding professional and service-sector employment base, positioning properties near major employment centers, transportation corridors, and lifestyle amenities.
Garden-style and mid-rise configurations offer distinct advantages in Houston's development landscape. Garden-style properties provide lower construction costs per unit and appeal to renters seeking ground-level access and private outdoor spaces. Mid-rise formats maximize land efficiency in urban and transit-oriented locations, commanding premium rents while reducing land costs per unit. Both approaches benefit from strong NOI growth trajectories as Houston's rental market continues absorbing new supply while rent growth outpaces national averages.
1
Strategic Site Selection
Properties located in high-growth submarkets with strong employment accessibility and demographic trends
2
Workforce Housing Focus
Unit mixes and amenity packages designed to capture sustained demand from essential workforce segments
3
Institutional Quality Standards
Construction quality, amenities, and operational protocols meet institutional investor requirements for acquisition
4
Value Enhancement Strategy
Programmed rent growth and operational improvements drive NOI expansion throughout hold periods
6.25-7%
Target Cap Rates
Attractive stabilized yields with institutional exit opportunities
3-5%
Annual NOI Growth
Projected income growth driven by rent increases and operational improvements
15-20%
Equity Multiple Target
Projected total returns over typical 5-7 year hold periods
Commercial–Residential Mixed-Use
Mixed-use developments represent sophisticated real estate investments that combine residential units with retail, office, or service-based commercial spaces. These properties generate diversified income streams from multiple tenant types, reducing overall portfolio risk while capturing value from evolving urban and suburban live-work-play trends. Houston's expanding urban corridors and redeveloping industrial districts present compelling opportunities for mixed-use projects that serve growing neighborhoods with limited retail and service infrastructure.
The strategic integration of commercial and residential uses creates natural foot traffic that benefits retail tenants while providing convenience amenities that residential tenants value. This symbiotic relationship supports higher occupancy rates and stronger tenant retention across both components. Ground-floor retail or service uses also command premium valuations compared to residential-only properties, as institutional buyers recognize the stability and diversification benefits of mixed-income streams.
Multiple income streams from diversified tenant mix
Higher foot traffic drives retail tenant performance and stability
Enhanced asset valuation through income diversification
Ideal for transitioning industrial and urban corridors
SDG targets mixed-use opportunities in Houston's transforming neighborhoods where residential density is increasing but retail and service offerings remain underdeveloped. These locations often benefit from improving infrastructure, proximity to major employment centers, and demographic shifts toward younger, urban-oriented households. Our development approach emphasizes appropriate scale for neighborhood context, ensuring projects enhance rather than overwhelm existing community character while delivering attractive returns.
The flexible nature of mixed-use properties also provides strategic advantages during market cycles. Residential and commercial leasing markets rarely move in perfect correlation, allowing property performance to remain more stable through varying economic conditions. This resilience, combined with the scarcity value of well-located mixed-use sites, supports strong long-term appreciation potential alongside steady cash flow generation.
8-10%
Target Cap Rates
Premium yields reflecting income diversification and enhanced asset quality
Industrial Flex & Mixed Industrial-Residential
Industrial flex properties—combining warehouse, light industrial, and office configurations—represent one of Houston's most compelling investment opportunities. The asset class maintains among the lowest vacancy rates in the commercial real estate sector, driven by sustained demand from e-commerce fulfillment, last-mile logistics operations, light manufacturing, and service-based businesses requiring combined office and warehouse functionality. Houston's strategic position as a logistics hub and its favorable business climate continue attracting industrial users across diverse sectors.
Small-bay warehouse configurations (typically 2,000-10,000 square feet) serve a broad tenant base including contractors, distributors, professional services, and emerging businesses requiring flexible space. These properties generate strong rent growth as supply remains constrained relative to demand, particularly in infill locations with convenient highway access. The durability of tenant demand—rooted in essential business operations rather than discretionary spending—provides stability through varying economic cycles.
Small-Bay Warehouse + Office Configurations
Flexible 2,000-10,000 SF units serve diverse tenant base from contractors to professional services
Light Industrial & Logistics-Oriented
E-commerce, last-mile delivery, and distribution operations drive sustained demand growth
Lowest-Vacancy Asset Class
Consistent sub-5% vacancy rates reflect structural supply-demand imbalances favoring landlords
Strong Rent Growth & Durable Demand
Essential business operations create sticky tenant base with limited sensitivity to economic cycles
SDG increasingly develops mixed industrial-residential projects that pair industrial flex buildings with nearby workforce housing. This integrated approach capitalizes on growing demand from businesses seeking locations near their employee base while providing convenient housing for industrial sector workers. These combined developments often achieve superior land utilization and create complementary demand patterns that enhance overall project performance. The strategy particularly suits Houston's expanding suburban corridors where land costs support both uses and employers actively seek workforce-proximate facilities.
8.5-12%
Target Cap Rates
Superior yields reflecting strong fundamentals and durable tenant demand
4-6%
Annual Rent Growth
Projected rental rate increases driven by constrained supply and strong absorption
Why Invest With SDG
Integrated Developer & General Contractor
Full control of cost, quality, and schedule—reducing risk and improving returns. Our vertical integration eliminates markup between development and construction, while ensuring seamless coordination throughout project lifecycles. This approach consistently delivers projects on time and within budget, protecting investor capital and maximizing returns.
Market-Driven Site Selection
Focus on job-growth corridors near major employers, infrastructure, and population expansion. Our site selection process employs rigorous demographic analysis, employment accessibility studies, and infrastructure evaluation to identify locations positioned for sustained demand growth and long-term appreciation.
Repeatable, Cost-Efficient Designs
Standardized plans enable predictable budgets and faster delivery. Our refined design library reduces architectural costs, accelerates permitting timelines, and ensures construction efficiency through proven building methodologies. This systematic approach translates directly to enhanced investor returns through reduced soft costs and compressed development timelines.
Flexible Investment Structures
  • Joint Ventures (JV) for shared equity and decision-making
  • Equity Partnerships with preferred return structures
  • Build-to-Rent (BTR) for long-term cash flow
  • Build-to-Sell (BTS) for accelerated capital returns
  • Hybrid Hold-and-Sell Strategies optimizing timing and tax efficiency
Aligned Interests
SDG often co-invests alongside partners to ensure shared risk and shared upside. Our principals maintain equity positions in projects, demonstrating confidence in underwriting and ensuring management decisions prioritize long-term value creation over short-term expediency. This alignment creates true partnership rather than transactional relationships.
Typical Investor Return Profile
SDG's disciplined underwriting and efficient execution consistently deliver attractive risk-adjusted returns across our target asset classes. The following ranges reflect typical project performance, though actual returns vary based on specific project characteristics, market timing, leverage levels, and hold periods. Conservative assumptions and multiple exit scenarios inform all projections, ensuring realistic expectations and downside protection for investor capital.
These return profiles reflect mid-point estimates within typical ranges. Small multifamily and industrial flex properties generally offer the highest return potential due to favorable rent-to-cost ratios and strong market fundamentals, while larger multifamily projects provide more moderate returns balanced by lower execution risk and institutional exit liquidity.
Duplex / Triplex / Fourplex
15-25% ROI | 7-9% cap
High returns driven by efficient construction, strong rent-to-cost ratios, and fast absorption in growing submarkets
Multi-Townhomes
18-25% ROI
Attractive returns from repeatable designs, workforce demand, and flexible exit strategies including BTR and BTS options
Multifamily
6.25-7% cap + equity growth
Institutional-quality assets with steady cash flow, NOI growth, and strong long-term appreciation potential
Mixed-Use Commercial Residential
8-10% cap
Premium returns from diversified income streams, enhanced valuations, and scarcity value in transitioning corridors
Industrial Flex
8.5-12% cap
Superior yields reflecting Houston's lowest-vacancy asset class with durable tenant demand and strong rent growth

Note: All return ranges are illustrative and vary by specific project characteristics, market conditions, leverage levels, and hold periods. Past performance does not guarantee future results. Investors should review detailed offering materials for project-specific underwriting assumptions and risk factors.
Current Investment Opportunities
SDG maintains an active pipeline of investment opportunities across our target asset classes. Qualified investors gain access to carefully underwritten projects in various stages—from land acquisition and entitlement through construction and stabilization. Our deal flow reflects disciplined site selection in Houston's highest-growth corridors, where demographic trends, employment expansion, and infrastructure investment support sustained demand for quality real estate assets.
01
Small Multifamily Build-to-Rent Communities
Duplex, triplex, and fourplex developments in emerging growth submarkets with strong workforce demand
02
Multi-Townhome Developments
6-40+ unit communities targeting young professionals and workforce renters seeking spacious, modern housing
03
Workforce Multifamily Projects
60-150 unit garden-style and mid-rise developments near major employment centers and transit corridors
01
Commercial-Residential Mixed-Use Sites
Transformational projects combining retail, office, and residential uses in urban and suburban transition zones
02
Industrial Flex Parks
Small-bay warehouse developments serving logistics, light industrial, and service-based business tenants
03
Land Acquisition and Subdivision Projects
Strategic land banking and entitlement plays in path-of-growth locations with multiple development exit strategies
Qualified investors may request access to active and upcoming deals. Our investment team provides detailed offering materials, market analysis, and underwriting documentation for each opportunity. We welcome discussions with accredited investors, family offices, and institutional partners seeking to deploy capital into Houston's dynamic real estate market.
SDG's selective approach to project acquisition ensures each investment meets rigorous return thresholds while maintaining appropriate risk profiles. Our pipeline balances near-term cash-flowing assets with longer-term value-creation opportunities, providing investors flexibility to match investment objectives with suitable project types, hold periods, and return profiles.
Partner With Stevost Development Group
Build With Confidence. Invest With Purpose.
Stevost Development Group invites qualified investors to explore partnership opportunities in Houston's dynamic real estate market. Whether you're an accredited individual investor, family office, or institutional partner, we provide transparent access to high-quality investment opportunities backed by proven execution capabilities and aligned interests.
Our team brings decades of combined experience in real estate development, construction management, and investment structuring. This expertise, combined with our vertical integration and market knowledge, positions SDG to deliver consistent, attractive risk-adjusted returns across market cycles. We value long-term relationships built on trust, transparency, and shared success.
Call Us
281-707-9194
Speak directly with our investment team
Email Us
info@stevost.com
Request investment materials and discuss opportunities
Visit Us
2600 S Gessner Rd, Suite 240
Houston, TX 77063
Learn More
Explore our portfolio and investment approach

Investment Disclaimer: All real estate investments involve risk, including possible loss of principal. Past performance does not guarantee future results. Investment opportunities are available only to accredited investors as defined under federal securities regulations. Prospective investors should carefully review all offering materials and consult with financial, tax, and legal advisors before making investment decisions.