PH Development

About PH Development

PH Development is a real estate operator headquartered in Bellevue, WA. PH Development operates in Portland, Oregon. Its investment focus is on Hotel-to-Residential, Multifamily - Ground-up and Multifamily - Value-Add.

PH Development is a dynamic multifamily real estate firm founded in 2021 by Phil Hoban, specializing in high-growth, undersupplied submarkets across the Pacific Northwest. Operating primarily along the Interstate 5 corridor from Bellingham to Vancouver, Washington, the company addresses critical housing shortages through opportunistic multifamily syndications and flexible joint venture capital models. Currently managing over $85 million in active real estate, the firm's diverse portfolio encompasses strategic asset renovations, modern mixed-use properties, and innovative townhome communities such as California Flats and Parallel 49. Led by founder Phil Hoban—an Economics and Entrepreneurship graduate from Santa Clara University whose background includes eight years of direct development, construction, and leasing management experience, alongside pivotal leadership roles at MainStreet Property Group—PH Development combines local market expertise with disciplined financial execution. Recognized as a 425 Business 30 Under 30 honoree in 2022, Hoban guides the firm in capturing value and delivering essential residential infrastructure in dynamic regional markets.

Principals at PH Development