GMD Development
Dallas, TX 11–50 employees 6 principals
Last updated
About GMD Development
GMD Development is a real estate operator headquartered in Dallas, TX. GMD Development operates in Bozeman, Montana and Seattle, Washington. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Core.
**GMD Development** (legally GMD Development LLC) is a Seattle, Washington-based private real estate development and investment firm specializing in affordable housing. Founded in 2011 by President and Owner Gregory M. Dunfield, the company operates with 15 years of firm history alongside executive leadership including Partner Steve Dymoke and Partner Emily Thompson. The firm maintains a specialized team of 2 to 10 professionals across real estate development, financial structuring, predevelopment accounting, and asset management. The enterprise focuses its real estate model on ground-up new construction and the acquisition/preservation of multi-family affordable housing communities. Its operational structure covers site acquisition, financial feasibility modeling, public-private capital structuring, sustainable building design, and long-term asset management. The firm’s developments target low- and moderate-income individuals, working families, and seniors earning 50% to 60% of Area Median Income (AMI), utilizing capital mechanisms including Low-Income Housing Tax Credits (LIHTC), tax-exempt private activity bonds, HUD programs, and Federal Home Loan Bank (FHLB) grants. The organization maintains a geographical footprint spanning high-need submarkets throughout the Western United States, including Washington, Oregon, Idaho, Montana, Alaska, and California. Across their executive careers and operating history, GMD Development's leadership has initiated over 20 new developments and executed 40 property acquisitions representing more than 5,200 affordable housing units. Signature completed and pipeline projects include *Linden Flats* (170 units) and ~500 units in planning/construction in Seattle, WA; *Watershed* (145 units) in Renton, WA; *Larkspur Commons* (136 units) in Bozeman, MT; and *Trillium Landing* (49 units) in Juneau, AK.