Urban Moment Development (UMD)

About Urban Moment Development (UMD)

Urban Moment Development (UMD) is a real estate operator. Urban Moment Development (UMD) operates in Austin, Texas, Dallas, Texas and Houston, Texas. Its investment focus is on Multifamily - Ground-up, Single-Family Homes and Single-family rental.

Urban Moment Development (UMD) is a real estate development firm founded in 2003 in Tucson, AZ, restructuring in 2016 to focus on horizontal build‑for‑rent communities under its YardHomes® and Urbana® brands. Since relocating key operations to Austin, TX in 2017 and moving its headquarters there in 2020, UMD has partnered with institutional private equity to scale in Central and North Texas markets, including Austin, Round Rock, San Antonio, Dallas/Fort Worth and DFW suburbs, with recent expansion into Raleigh, NC for a 240‑home community near Wake Forest. UMD’s active portfolio includes multiple YardHomes® communities ranging in unit count from 163 to 301 units (e.g. 248 units at Juniper Pointe, 247 at Meadow Lake, 293 at Cottonwood Creek) and Urbana® communities of 144–151 units. The firm offers one‑, two‑ and three‑bedroom detached rental homes with private backyards, typically sized between 635 ft² and 1,391 ft².

Principals at Urban Moment Development (UMD)