Urban Development + Partners
CrowdStreet was able to get us up and running in a couple of weeks and we didn’t have to do too much.
Tina McNearthney, Investor Communications Manager
UD+P is a vertically-integrated sponsor specializing in renovation and new construction in urban settings with a goal of enhancing the unique characteristics of each neighborhood and community. UD+P came to CrowdStreet looking to modernize their existing capital formation and investor management processes. CrowdStreet’s investment software provided UDP with a secure online portal featuring a transaction center, investor reporting and communication tools which significantly streamlined their investor management process.
UD+P’s Investor Communications Manager, Tina McNearthney explains the positive impact this has had on their investor management and overall investor satisfaction.
Steven Pontes, Avi Ben-Zaken, and Eric Cress founded Urban Development + Partners in 2006, leveraging their combined experience in real estate acquisition, construction, and management along with their shared interest in adaptive reuse projects. The partners also shared a vision for a sustainable business model—one in which the interests of management would be aligned with the interests of investors, tenants, the local community, and the environment. With those values in mind, over the past decade, UD+P has developed and acquired 28 properties—raising the bar for green building practices, ethical investing, customer service, and community outreach along the way. UD+P currently controls and manages over 390,000 sq ft of real estate across 16 properties. As a vertically integrated company, they shepherd each project through the full lifecycle: finance, design, construction, and management. Their expertise extends to a range of property types including adaptive reuse, mixed use, residential, and office.