United Group Development

About United Group Development

United Group Development is a real estate operator headquartered in Troy, NY. United Group Development operates in Chicago, Illinois. Its investment focus is on Multifamily - Ground-up, Multifamily - Value-Add and Single-Family Homes.

United Group Development (UGD) is a private commercial real estate development, investment, and asset management enterprise headquartered in Chicago, Illinois. Founded in 2009 by Chief Executive Officer Michael Dobrov, the company maintains 17 years of continuous operational history across regional and national real estate markets. The organization operates through an integrated commercial investment platform supported by a core team of under 25 real estate, finance, acquisition, and asset management professionals. The enterprise specializes in site acquisition, equity syndication, joint-venture structuring, ground-up development, and asset disposition. Operating an end-to-end execution framework, the firm manages debt placement, lease negotiations, capital allocation, and property repositioning across single-tenant and multi-tenant triple net (NNN) leased retail properties, urban infill sites, industrial distribution facilities, and multi-family residential communities. Geographically, the organization conducts investment and development activities nationwide, maintaining a strong focus across high-demand submarkets in the Greater Chicago area, Illinois, Wisconsin, and Northwest Indiana. Completing transactions exceeding $1 billion since 2014, its platform manages a portfolio encompassing over 2,500 residential units, 2 million square feet of industrial space, and major properties like the $57 million Terrace of Elk Grove Village complex.

Principals at United Group Development

Recent activity at United Group Development

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United Group Development's project portfolio

3 projects on file · Senior & Assisted Living (2), Student Housing (1)

Markets and themes

Markets United Group Development operates in

• Chicago, Illinois

Investment themes at United Group Development

• Multifamily - Ground-up
• Multifamily - Value-Add
• Single-Family Homes
• Standalone Retail
• Workforce Housing

Capabilities

• Asset Management
• Luxury

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• Coburn Partners
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• Capital City Real Estate
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• Catalyst Capital Partners
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Frequently asked questions about United Group Development

What does United Group Development do?

United Group Development (UGD) is a private commercial real estate development, investment, and asset management enterprise headquartered in Chicago, Illinois.

Where is United Group Development based?

United Group Development is headquartered in Troy, NY.

What markets does United Group Development operate in?

United Group Development is active in Chicago, Illinois.

How many employees does United Group Development have?

United Group Development has 51–200 employees.