Latest News: La Cité Development Signs Agreement with NVR Ryan Homes

Company Profile

La Cité Development is an award-winning impact-forward real estate development corporation investing in strategic real estate ventures in the United States and abroad. An established and progressive leader in global markets, the predominant focus of La Cité’s interests is on residential and mixed-use properties spanning from rehab to new construction, with investment primarily being placed within the residential marketplace.

Our Approach

As a black-owned MBE firm, La Cité's corporate philosophy embraces investment in neighborhoods and communities that have been largely overlooked or neglected, and promotes development projects that contain affordable housing components in neighborhoods with an identified need for revitalization and the creation of modern housing stock and progressive infrastructure.

Featured Projects

Swimming pool in front of apartment building.

Center\West Cirro
Modern apartment building with retail space.

Center\West Avra
Aerial view of a multi-story apartment building.

Village Lofts

Uplifting Communities

With a 20-year track record of lifting up communities, we believe in creating distinct value through our commitment to improving quality of life and providing transformative change in the lives of local communities. Recognized by Urban Land Institute’s WaveMaker Awards and by Baltimore Business Journal’s Best in Real Estate Awards, La Cité Development has been honored by local governments, community organizations and the real estate industry for its ongoing commitment to community building and to developing sustainable practices.

Investment Strategy

Identify Growth

Investing in neighborhoods that are undervalued, in a current growth stage, and have complementary development projects in the surrounding areas.

Due Diligence

Exercising a thorough and exhaustive due diligence of all projects undertaken for development to ensure that the full feasibility and risk assessment of the project has been examined.

Low Interest Loans

Utilizing low interest rate loans.

Team Building

Utilizing a team of well seasoned architects, attorneys, and contractors who are capable and have an established track record of exceptional performance.

HPD / HUD

Minimizing acquisition costs for properties by investing in a portfolio that balances HPD, HUD, and government or city disposed housing stock with a select number of open market property acquisitions;

Cash Flow

Limiting cash flow risk by hiring exceptional property management companies to ensure the long term viability of the investment by maintaining a vacancy rate of less than 5%;

Tax Abatement

Taking advantage of city based tax abatement programs. These tax abatement programs will allow La Cité to take advantage of a 15 to 20 year tax exemption allowing the projects to cash flow more than anticipated;

Equity Stake

Taking a substantial equity position alongside investors in all development projects, meaning that La Cité Development and the company’s partners are directly participating in the risks and thereby ensuring that the utmost measures have been taken to deliver optimal investor returns.

La Cité Development Headquarters
475 PARK AVENUE SOUTH, 7th FLOOR
NEW YORK, NY 10016

[email protected]