Renovare Development

About Renovare Development

Renovare Development is a real estate operator headquartered in Ypsilanti, MI. Renovare Development operates in Ann Arbor, Michigan and Detroit, Michigan. Its investment focus is on Affordable Housing, Hospitality and LIHTC.

Renovare Development LLC is a woman-owned, social impact real estate development company based in Detroit, Michigan. It was founded in May 2019 by Shannon Morgan and Jill Ferrari. The founders together have over 50 years of combined experience in real estate development, including work in brownfield redevelopment, affordable housing, workforce housing, mixed-use housing, and community commercial spaces. Renovare has completed over 20,000 housing units through its founders’ prior and current work. The company focuses primarily on transformational mixed-use projects in urban neighborhoods and rural main streets. Its project types include mixed-income multifamily housing, workforce housing, attainable single-family housing, commercial spaces intended for local community needs, and projects located in Opportunity Zones. Financially, Renovare leverages federal, state, and local incentives, tax credits (e.g. Low-Income Housing Tax Credits), tax increment financing, and grants to support its development pipeline.

Principals at Renovare Development

Recent activity at Renovare Development

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Renovare Development's project portfolio

No projects on file for Renovare Development yet.

Markets and themes

Markets Renovare Development operates in

• Ann Arbor, Michigan
• Detroit, Michigan

Investment themes at Renovare Development

• Affordable Housing
• Hospitality
• LIHTC
• Multifamily - Ground-up
• Single-Family Homes
• Workforce Housing

Capabilities

• Economic Development
• Sustainability
• Urban infill

Operators similar to Renovare Development

• Edgemere Development
  Emerging tierAffordable HousingMultifamily - Ground-up+3 more themes
• Alliance Development Services, Inc.
  Emerging tierAffordable HousingHospitality+3 more themes
• Trinity Development Partners (Florida)
  Emerging tierSingle-Family HomesAffordable Housing+3 more themes
• Galena Equity Partners
  Emerging tierAffordable HousingHospitality+3 more themes
• Columbia Ventures
  Emerging tierAffordable HousingMultifamily - Ground-up+2 more themes
• Palermo Realty & Development
  Emerging tierAffordable HousingMultifamily - Ground-up+2 more themes
• Select Properties, Inc.
  Emerging tierAffordable HousingHospitality+2 more themes
• Deeley Freed
  Emerging tierAffordable HousingHospitality+2 more themes
• Heller Pacific, Inc.
  Emerging tierHospitalityMultifamily - Ground-up+2 more themes
• Impact Development Group
  Emerging tierAffordable HousingMultifamily - Ground-up+2 more themes

Frequently asked questions about Renovare Development

What does Renovare Development do?

Renovare Development LLC is a woman-owned, social impact real estate development company based in Detroit, Michigan.

Where is Renovare Development based?

Renovare Development is headquartered in Ypsilanti, MI.

What markets does Renovare Development operate in?

Renovare Development is active in Ann Arbor, Michigan and Detroit, Michigan.

How many employees does Renovare Development have?

Renovare Development has 2–10 employees.