RST Development
Virginia Beach, VA 11–50 employees 3 principals
Last updated by Dawn
About RST Development
RST Development is a real estate operator headquartered in Virginia Beach, VA. RST Development operates in Raleigh-Durham, North Carolina (Research Triangle Park - RTP) and Virginia Beach - Norfolk - Hampton Roads, Virginia. Its investment focus is on Affordable Housing and Multifamily - Ground-up.
RST Development is a real estate development firm headquartered in Virginia Beach, VA, with a secondary presence in Rockville, MD. The company is family-owned and operated and describes itself as community‑focused, specializing in multi‑family residential projects. LinkedIn lists its size as 11–50 employees, indicating a small but focused organization. RST Development has been active in the multi‑family segment, including market‑rate and affordable housing. In April 2020, it acquired the 320‑unit “Lodge at Croasdaile Farm” in Durham, NC, in a $65.9 million transaction, demonstrating capacity for substantial, garden‑style, three‑phase developments. The firm’s operations encompass development, ownership, and management of multi‑family real estate, with projects spanning residential and some commercial components in Mid‑Atlantic locations.
Principals at RST Development
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