L+M Development Partners
L+M Development Partners is a New York-based real estate firm founded in 1984 that develops, invests in, constructs, and manages large-scale housing projects, primarily serving NYC government and institutional joint-venture partners through public-private partnerships.
- Company typePrivate
- Founded1984
- HeadquartersLarchmont, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What L+M Development Partners does
L+M Development Partners is a privately-held New York-based real estate development firm founded in 1984. The company develops, invests in, constructs, and manages properties, with an operational focus on large-scale housing in the New York City metropolitan area. Its leadership comprises CEO Lisa Gomez and founder Ron Moelis (CEO & co-founder), supported by a 251-500 employee base. The firm's most prominent disclosed initiative is a 12-building, 2,035-apartment redevelopment in Brooklyn, executed as a joint venture with SMJ Development and in partnership with the NYC Department of Housing Preservation and Development; the project has entered the city's environmental and land-use review process.
The firm's business model centers on real estate development and ownership rather than a software or recurring-revenue model. Revenue mechanics are not publicly disclosed, consistent with a development model that depends on complex public-private partnerships, project-level equity returns, developer fees, and property management income. Pricing is non-standard and project-specific, tied to city procurement, subsidy, and land-disposition frameworks. Customer-facing counterparties are primarily government entities (NYC HPD) and institutional joint-venture partners (SMJ Development), rather than retail consumers.
L+M has also signaled strategic optionality through investment activity: in July 2025, the firm served as an anchor investor in Dextall's $15 million Series A, a construction-technology company integrating design software with off-site manufacturing, alongside Essence Development and Simpson Strong-Tie. This indicates an active corporate investment posture toward proptech and industrialized construction that could supplement its core development pipeline. No public listing, ticker, or ownership structure is disclosed, and the firm is categorized as private.
L+M Development Partners firmographics
Firmographics- Name
- L+M Development Partners
- Website
- https://lmdevpartners.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- L+M Development Partners is a New York-based real estate firm founded in 1984 that develops, invests in, constructs, and manages large-scale housing projects, primarily serving NYC government and institutional joint-venture partners through public-private partnerships.
- Ownership category
- akta.pro rank
L+M Development Partners industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Multifamily Housing Construction (except For-Sale Builders) (236116), Land Subdivision (23721), New Housing For-Sale Builders (236117)
- SIC
- Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)
Keywords
Where L+M Development Partners is headquartered
LocationHeadquarters
- HQ city
- Larchmont
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
L+M Development Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure
L+M Development Partners product offering
Product offeringCore offering
L+M Development Partners is a New York-based real estate development firm that develops, invests in, constructs, and manages large-scale residential and mixed-use properties. Its portfolio emphasizes multifamily and affordable housing delivered through public-private partnerships with municipal housing agencies, with a flagship 12-building Brooklyn redevelopment comprising 2,035 apartments pursued in partnership with SMJ Development and the NYC Department of Housing Preservation and Development. The firm also deploys capital into construction-technology and proptech ventures as part of its investment activities.
Product overview
L+M Development Partners is a real estate development company focused on large-scale housing projects in New York City. The company operates as a developer and investor rather than a technology product provider. Its primary known project is a 12-building redevelopment initiative in Brooklyn developed in partnership with SMJ Development and the city's Department of Housing Preservation and Development, creating 2,035 apartments. The company also participates in real estate technology investments, such as its role as an anchor investor in Dextall's Series A funding round.
Differentiator
Problem solved
Functional benefit
Products and services
- Brooklyn Multifamily Redevelopment (12-building, 2,035 apartments) Large-scale multifamily housing redevelopment in Brooklyn, NY, comprising 12 buildings and 2,035 apartments, pursued jointly by L+M Development Partners and SMJ Development with the NYC Department of Housing Preservation and Development. The project is moving through environmental and land use review.
- Real Estate Development Services Core development services including site acquisition, planning, financing, construction oversight, and delivery of multifamily and mixed-use real estate projects, primarily in New York City, for government and institutional partners.
- Property Investment and Asset Management Equity investment in and ongoing management of developed real estate assets, including anchor investments in construction-technology companies such as Dextall's $15 million Series A, alongside ongoing property management of L+M's owned and developed portfolio.
Companies that use L+M Development Partners
Customer profileIdeal customer profiles3 records
L+M Development Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
L+M Development Partners partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- SMJ DevelopmentflagshipL+M Development Partners and SMJ Development are joint development partners on a 12-building redevelopment project in Brooklyn, NY, creating 2,035 apartments in partnership with the NYC Department of Housing Preservation and Development. The project has entered the city's environmental and land use review process.
- NYC Department of Housing Preservation and DevelopmentcoreL+M Development Partners is working in partnership with the city's Department of Housing Preservation and Development on a major 12-building redevelopment project creating 2,035 apartments in Brooklyn, NY. The project is undergoing environmental and land use review.
Scale indicators1 record
Recent moves3 records
Expansion highlights3 records
L+M Development Partners competitors and assessment
Company assessmentBroad incumbents
- Tishman Speyer: Global real estate developer with a major NYC multifamily and mixed-use portfolio. Broader incumbent in the same space with overlapping capabilities but a more diversified geographic and asset-type mandate.
- Silverstein Properties: Established NYC developer of large-scale residential, office, and mixed-use projects. Comparable in NYC market presence and project scale, though more weighted to commercial development.
Direct peers
- The Durst Organization: Long-standing NYC developer focused on large residential, commercial, and mixed-use projects. Comparable to L+M in its New York-centric footprint and history of complex, multi-stakeholder developments.
- Jonathan Rose Companies: NYC-based developer of affordable, mixed-income, and market-rate multifamily housing. Comparable to L+M in multifamily focus and public-private partnership execution.
- Camber Property Group: NYC affordable and supportive housing developer that builds multi-building residential projects in partnership with city agencies. Comparable to L+M in mandate and public-partnership model.
- Monadnock Development: NYC affordable and supportive housing developer that frequently partners with NYC HPD on multi-building residential projects. Comparable to L+M's public-partnership, multifamily focus.
- Two Trees Management: Brooklyn-based developer known for large waterfront and mixed-income residential projects in NYC. Highly comparable to L+M for its Brooklyn focus and pipeline of multi-building residential redevelopments.
- BRP Companies: NYC-based multifamily developer with a major affordable and mixed-income housing pipeline, including large-scale partnerships with city agencies. Directly comparable in product and partner profile to L+M.
- Related Companies: One of the largest NYC-based real estate developers with deep public-private partnership experience on large-scale mixed-income and affordable housing. Directly comparable to L+M in scale, geography, and mandate type.
Others
- Dextall: Construction-tech company in which L+M is an anchor investor; integrates design software with off-site modular manufacturing. Adjacent ecosystem participant rather than a direct competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights4 records
Customer concentration
L+M Development Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
L+M Development Partners leadership team
Management profileNumber of profiles
Profiles2 records
L+M Development Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
L+M Development Partners M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about L+M Development Partners
What does L+M Development Partners do?
L+M Development Partners is a New York-based real estate development firm that develops, invests in, constructs, and manages large-scale residential and mixed-use properties. Its portfolio emphasizes multifamily and affordable housing delivered through public-private partnerships with municipal housing agencies, with a flagship 12-building Brooklyn redevelopment comprising 2,035 apartments pursued in partnership with SMJ Development and the NYC Department of Housing Preservation and Development. The firm also deploys capital into construction-technology and proptech ventures as part of its investment activities.
Is L+M Development Partners a public or private company?
L+M Development Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was L+M Development Partners founded?
L+M Development Partners was founded in 1984. It employs 251 to 500 people.
Where is L+M Development Partners based?
L+M Development Partners is headquartered in Larchmont, United States, in the North America region.
Who are L+M Development Partners's main competitors?
Broad incumbents on record are Tishman Speyer and Silverstein Properties. Direct peers are The Durst Organization, Jonathan Rose Companies, Camber Property Group, Monadnock Development, Two Trees Management, BRP Companies and Related Companies. Dextall is listed as an others.
Does L+M Development Partners have an API?
No public API is recorded for L+M Development Partners.
What industry is L+M Development Partners in?
L+M Development Partners's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAB, Multi-Family Residential Construction (Apartments, Condos, Townhomes). Its NAICS code is 236116 and its SIC code is 1531.