NewCastle Development Group
Charlottesville, VA 2–10 employees 6 principals
Last updated
About NewCastle Development Group
NewCastle Development Group is a real estate operator headquartered in Charlottesville, VA. NewCastle Development Group operates in Charlottesville, Virginia, Raleigh-Durham, North Carolina (Research Triangle Park - RTP) and Roanoke, Virginia. Its investment focus is on Affordable Housing, Multifamily - Ground-up and Multifamily - Value-Add.
NewCastle Development Group, formerly Castle Development Partners, is a real estate development firm specializing in Class A multifamily rental communities in the Eastern United States. With over 30 years of experience, the principals have developed more than 6,000 apartment units and currently hold controlling interests in over 3,000 units. The company focuses on the development and acquisition of upscale apartment communities in the Mid-Atlantic region, specifically Virginia, North Carolina, and Maryland. Their business model emphasizes ground-up development and value-add acquisitions in high-barrier-to-entry markets with solid economic fundamentals.
Principals at NewCastle Development Group
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6 principals on file
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Recent activity at NewCastle Development Group
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NewCastle Development Group's project portfolio
4 projects on file · Multifamily (4)
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Markets and themes
Markets NewCastle Development Group operates in
- Charlottesville, Virginia
- Raleigh-Durham, North Carolina (Research Triangle Park - RTP)
- Roanoke, Virginia
- Virginia Beach - Norfolk - Hampton Roads, Virginia
- Washington DC
Investment themes at NewCastle Development Group
Capabilities
- Asset Management
- Construction Management
- Environmental Remediation
- High-Rise
- Mixed Use
- Public-private partnerships
- Site Development
- Urban infill
Operators similar to NewCastle Development Group
- Blackfin Real Estate InvestorsEstablished tierRoanoke, VirginiaVirginia Beach - Norfolk - Hampton Roads, Virginia+2 more marketsAffordable HousingMultifamily - Ground-up+2 more themes
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- Republic Family of CompaniesEstablished tierVirginia Beach - Norfolk - Hampton Roads, VirginiaRaleigh-Durham, North Carolina (Research Triangle Park - RTP)+1 more marketAffordable HousingMultifamily - Ground-up+2 more themes
- Brinshore DevelopmentEstablished tierVirginia Beach - Norfolk - Hampton Roads, VirginiaWashington DCAffordable HousingMultifamily - Ground-up+2 more themes
- Buligo CapitalEstablished tierVirginia Beach - Norfolk - Hampton Roads, VirginiaRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Multifamily - Ground-upWorkforce Housing+2 more themes
- Grubb PropertiesEstablished tierRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Washington DCAffordable HousingMultifamily - Ground-up+2 more themes
- Laramar GroupEstablished tierWashington DCRaleigh-Durham, North Carolina (Research Triangle Park - RTP)Multifamily - Value-AddAffordable Housing+2 more themes
- Divaris Real Estate Inc.Established tierVirginia Beach - Norfolk - Hampton Roads, VirginiaCharlottesville, Virginia+3 more marketsMultifamily - Ground-up
- Donohoe DevelopmentEstablished tierCharlottesville, VirginiaWashington DCAffordable HousingMultifamily - Ground-up+2 more themes
- Turner Impact CapitalEstablished tierWashington DCAffordable HousingMultifamily - Ground-up+2 more themes
Frequently asked questions about NewCastle Development Group
- What does NewCastle Development Group do?
- NewCastle Development Group, formerly Castle Development Partners, is a real estate development firm specializing in Class A multifamily rental communities in the Eastern United States.
- Where is NewCastle Development Group based?
- NewCastle Development Group is headquartered in Charlottesville, VA.
- What markets does NewCastle Development Group operate in?
- NewCastle Development Group is active in Charlottesville, Virginia, Raleigh-Durham, North Carolina (Research Triangle Park - RTP), Roanoke, Virginia, Virginia Beach - Norfolk - Hampton Roads, Virginia, and Washington DC.
- How many employees does NewCastle Development Group have?
- NewCastle Development Group has 2–10 employees.