Multifamily, build‑to‑rent, and lot development in the Carolinas

More than 30 years of sourcing, entitling, capitalizing, building, and selling communities from Asheville to Charleston, most of them right here in Charlotte.

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Where we’ve built

35.2270°N · 80.8430°W

Plotted to scale. Hover or tap a city to see the projects there. Also Pittsburgh and the Colorado Front Range.

What Maverick does

An independent development company focused on the Carolinas, working with landowners, brokers, builders, and capital partners.

Multifamily and build-to-rent

Garden, wrap, podium, active adult, and BTR townhome communities, from site selection through lease-up.

Lot development

Land for national builders including David Weekley Homes, Ryan Homes, Pulte, and D.R. Horton.

Development consulting

Site acquisition, entitlements, and design management for owners, such as a Charleston self-storage development for Hoyer Investment Company.

Selected projects

Projects I led or co-led at Catalyst Capital Partners, SunCap Property Group, Stiles, and Cortland. Cost is total project cost.

Grove 98

Wake Forest, NC
Stiles Corporation
Complete

A Wegmans-anchored mixed-use center on a 79-acre assemblage, combining a 135,500 SF Wegmans, 232 multifamily units, and 113,500 SF of shops and outparcels.

As Market President, I won Wegmans for this site over a competing location, structured the 79-acre land contract, raised the equity and debt, and led design, entitlements, construction, and leasing through completion.

Anchor: 135,500 SF Wegmans
Residential: 232 multifamily units
Retail: 113,500 SF shops and outparcels
Site: 79-acre assemblage
Cost: $158.3M
Est. value: ~$210.0M

Garden, wrap, and build-to-rent

Surface-parked and wrap communities of three to five stories, and BTR townhome communities.

Project	Location	Product	Cost	Value	Status
Ashby Twin LakesSunCap	Cary, NC	230 units, 4-story wrap	$62.0M	~$75.0M	Complete
The Ashby at South Hills VillageSunCap	Pittsburgh, PA	300 units, transit-oriented wrap; design-build in 15 months	$50.0M	~$80.0M	Complete
Hominy at RiverBlueCatalyst	Asheville, NC	262 units, 4-story	$61.5M	~$74.6M	Lease-up
Chorus at RiverBlueCatalyst	Asheville, NC	153 active adult (55+) units	$37.8M	~$48.0M	Lease-up
Vander at the VillageCatalyst	Asheville, NC	281 apartments and BTR townhomes; Opportunity Zone	$78.0M	~$88.0M	Under construction
Bowery WestCatalyst JV	Charlotte, NC	213 townhomes and garden apartments; Opportunity Zone	$47.9M	~$60.7M	Lease-up
The Wayford at Innovation Park, Ph. 1Catalyst	Charlotte, NC	210 BTR townhomes	$60.1M	~$79.1M	Lease-up
The Wayford at Innovation Park, Ph. 2 and 3Catalyst	Charlotte, NC	250 apartments and 70 BTR townhomes	$89.7M	~$119.8M	Entitled
The Wayford at ConcordCatalyst	Concord, NC	150 BTR townhomes	$29.7M	~$39.7M	Complete
The Wayford at Pringle TownsCatalyst	Charlotte, NC	102 BTR townhomes, sourced with Pulte	$34.0M	~$40.8M	Lease-up
Womble FarmsCatalyst	Chapel Hill, NC	250 units plus medical office outparcel	$67.7M	~$82.8M	Entitled

Urban multifamily and mixed-use

Project	Location	Product	Cost	Value	Status
The Carolinian GlenwoodStiles	Raleigh, NC	186 units, 5-story podium	$53.3M	$75.0M	Sold to Camden
The CollectiveCatalyst	Charlotte, NC (NoDa)	250 units and 16,415 SF retail/office	$56.2M	$72.05M	Sold
MasonCatalyst	Charlotte, NC	302 units, 5-story	$69.5M	~$80.0M	Lease-up
The Exchange at Rock HillCatalyst JV	Rock Hill, SC	229 units and 26,000+ SF commercial	$49.0M	~$65.0M	Complete
Markley + MainSunCap	Greenville, SC	278 units, 5/6-story split wrap	$99.0M	~$110.0M	Under construction
Draper PlaceSunCap	Charlotte, NC	47 luxury units and 8 for-sale townhomes over podium	$27.0M	~$40.0M	Stabilized
1401 East BlvdSunCap	Charlotte, NC	197 units and 2,600 SF Starbucks, 7-story	~$99.0M	—	Designed
Latta PlaceSunCap	Charlotte, NC	28 luxury BTR townhomes	~$18.0M	—	Entitled
Camden ExchangeCatalyst JV with Stiles	Charlotte, NC (South End)	314 units, 29-story tower with office and retail	$238.0M	—	Predevelopment

Retail and office

At Stiles I sourced each site, structured the land contract, raised equity and debt, and oversaw design through disposition. All complete.

Project	Location	Product	Cost
Publix Ballantyne	Charlotte, NC	56,445 SF Publix and 30,000 SF shops	$33.4M
Publix Southline	Charlotte, NC	55,000 SF Publix with structured parking	$32.0M
Mint Hill Commons	Mint Hill, NC	56,445 SF Publix and 30,000 SF shops	$31.7M
Publix Cotswold	Charlotte, NC	49,533 SF Publix ground lease, shops, structured parking	$28.2M
Point Hope Publix	Charleston, SC	45,600 SF Publix and 30,000 SF shops	$24.1M
300 West Summit Ave	Charlotte, NC	64,000 SF Class A office, sold to Colliers	$40.5M

Value-add acquisitions

At Cortland, as part of roughly $600M of Mountain Region acquisitions and development.

Project	Location	Product	Renovation
Grand River Canyon	Colorado Springs, CO	589 units, 23 buildings	$8.8M
Cortland Lone Tree	Lone Tree, CO	429 units, 4-story wrap	$8.6M
Cortland Covington Ridge	Thornton, CO	216 units	$5.5M

Experience

More than 30 years leading development and investment for national developers, homebuilders, and investment firms, on both sides of the owner–contractor table.

Sourcing and acquisition

Relationship-driven deal flow with brokers, landowners, and municipalities. LOIs, purchase and sale agreements, and land assemblages up to 79 acres.

Entitlements

Rezonings and municipal approvals across the Carolinas, from infill urban sites to master-planned communities.

Capital

Joint venture equity, construction and permanent debt, and investment committee leadership, with equity raised from institutions, family offices, and high-net-worth investors.

Design and construction

GC preconstruction agreements and GMPs, weekly owner-architect-contractor meetings, and design-build delivered on schedule.

Lease-up and exit

Stabilization, permanent financing, and dispositions, including sales to Camden and Colliers.

Public-private and workforce

Transit-oriented ground leases with public agencies and tax-exempt bond / 4% LIHTC and workforce set-aside structures.

Credentials

Education

B.S. Business Administration, Kenan-Flagler Business School, UNC Chapel Hill

Licenses and affiliations

Licensed real estate broker in North and South Carolina. NMHC, NAIOP, ULI, ICSC. CCIM candidate.

Community

Board member, Charlotte YMCA. Coach, Let Me Run. Volunteer, Thompson Child & Family Focus and The Harvest Center.

Have a site or a deal?

Landowners, brokers, builders, and capital partners: send me a note and I’ll get back to you.

David Lee Managing Director dlee@maverickdevelop.com
1710 Abbey Place, #100
Charlotte, NC 28209