Stone Beam Development
Chicago, IL 11–50 employees 5 principals
Last updated
About Stone Beam Development
Stone Beam Development is a real estate operator headquartered in Chicago, IL. Stone Beam Development operates in Chicago, Illinois and Davenport-Moline-Rock Island, Iowa-Illinois. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Ground-up.
Stone Beam Development is a specialized real estate development and property preservation firm co-led by Chief Executive Officers Joseph V. Walsh and Kent R. Frayn. The company is dedicated to addressing the critical shortage of affordable multi-family and senior housing, focusing on the revitalization and long-term stewardship of income-based residential communities across the American Midwest. The enterprise specializes in the acquisition, comprehensive rehabilitation, and ongoing management of affordable housing assets. Its operational strategy centers on forging strategic partnerships with federal, state, and local housing authorities, institutional investors, non-profit organizations, and financial lenders. By combining meticulous financial underwriting with sustainable green construction practices, the organization enhances the structural and energy performance of each asset while safeguarding long-term affordability for low-income families and elderly residents. The firm's regional portfolio encompasses over 10 thriving communities and more than 890 restored apartment units spanning four Midwestern states. Notable properties under its operational umbrella include historic urban transformations and residential campuses such as Alice Nettell Tower, Cougill Apartments, Lincoln Towers, and Wellington Creek. Through these initiatives, the company continues to champion ethical property development that balances social responsibility with durable asset performance.
Principals at Stone Beam Development
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5 principals on file
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Stone Beam Development's project portfolio
3 projects on file · Multifamily (3)
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Markets and themes
Markets Stone Beam Development operates in
Investment themes at Stone Beam Development
Capabilities
- Construction Management
- Custom Homes
- Economic Development
- Public-private partnerships
- Site Development
- Sustainability
- Transit-oriented development
- Urban infill
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Frequently asked questions about Stone Beam Development
- What does Stone Beam Development do?
- Stone Beam Development is a specialized real estate development and property preservation firm co-led by Chief Executive Officers Joseph V.
- Where is Stone Beam Development based?
- Stone Beam Development is headquartered in Chicago, IL.
- What markets does Stone Beam Development operate in?
- Stone Beam Development is active in Chicago, Illinois and Davenport-Moline-Rock Island, Iowa-Illinois.
- How many employees does Stone Beam Development have?
- Stone Beam Development has 11–50 employees.