What Development Ventures Group does

Development Ventures Group (DEVEN) is a privately held US real estate developer and owner founded in 1989 and headquartered across Orlando, Florida and New York City. The company develops, invests in, and actively manages three core product lines: purpose-built student housing in supply-constrained university markets, branded hospitality developments, and mixed-use urban projects that combine high-end office, retail, and lifestyle components. Notable completed and pipeline projects include The Celeste Hotel (a Tribute Portfolio by Marriott at the University of Central Florida), The Henry (a high-rise student housing asset in Downtown Tampa's Arts District), The Trilith Hotel, UnionWest at Creative Village, and a 265-unit student housing development near Baylor University in partnership with Parallel Form.

DEVEN operates as a wholly owned subsidiary of Kajima USA within Kajima Corporation, a Japanese global real estate and construction conglomerate with 180+ years of history and $25 billion in annual revenue. The Kajima parent provides balance-sheet support, corporate stability, and access to institutional-grade development expertise. The company generates revenue through development fees, equity investment returns, and ongoing property management of owned assets across the US, targeting institutional investors, universities, municipalities, and community partners as counterparties. Pricing is negotiated project-by-project with no publicly disclosed rate cards, and the company distributes primarily through enterprise/field sales rather than digital or channel-based marketing.

Name

Development Ventures Group

Legal name

DEVEN Group

Website

https://devengroup.us

Company type

Private

Founded year

1989

Operating status

Operating

Short description

Development Ventures Group (DEVEN) is a US-based real estate developer and Kajima USA subsidiary founded in 1989 that develops, invests in, and manages student housing, hospitality, and mixed-use projects nationwide, serving institutional investors, universities, and community partners.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), Residential Building Construction (23611)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Urban Planning & Master Planning (BPAHAKAD)

Keywords

• Real estate development
• Student housing
• Mixed-use development
• Hospitality development
• Commercial real estate

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Others

Revenue model

1. Real Estate Development and Property Management: DEVEN develops, invests in, and manages high-quality real estate properties across student housing, hospitality, and mixed-use sectors. Revenue is generated through development fees, investment returns, and property management of owned assets, delivering exceptional risk-adjusted returns for investors and owners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

DEVEN develops, invests in, and manages high-quality real estate properties across student housing, hospitality, mixed-use, and commercial real estate sectors in the United States. The company actively manages the entire development process from concept to completion, transforming complex challenges into thriving real estate assets that deliver exceptional risk-adjusted returns for institutional investors, universities, and community partners.

Product overview

DEVEN is a real estate development platform offering three core product lines: Student Housing Development, Mixed-Use Development, and Hospitality Development. The company operates as a unified development platform with specialized sub-products including The Trilith Hotel, The Celeste Hotel (Marriott Tribute Portfolio), The Henry student housing, and UnionWest at Creative Village. Projects are developed, invested in, and managed through the company's end-to-end development process from concept to completion.

Differentiator

Problem solved

Functional benefit

Products and services

• Student Housing Development

Quantifiable outcome

• $2 Billion+ in completed real estate developments across the United States since 2000
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Parallel FormcoreStrategic or Co-development Partner · 9 December 2025Development Ventures Group and Parallel Form formed a strategic partnership to collaborate on student housing projects across the United States. The partnership begins with a 265-unit development near Baylor University in Waco, Texas, with ground-breaking scheduled for April 2026. This collaboration represents a core strategic initiative for expanding student housing development activity.
• Ustler DevelopmentcoreStrategic or Co-development PartnerDEVEN partnered with Ustler Development and Halstatt Real Estate Partners to develop and co-invest in UnionWest at Creative Village, a mixed-use student housing high-rise, the first phase of a master-planned community.
• Halstatt Real Estate PartnerscoreStrategic or Co-development PartnerDEVEN partnered with Ustler Development and Halstatt Real Estate Partners to develop and co-invest in UnionWest at Creative Village, a mixed-use student housing high-rise, the first phase of a master-planned community.
• Kajima USAcoreOthersDEVEN is a subsidiary of Kajima USA and Kajima Corporation, a global real estate and construction firm with over 180 years of expertise and $25 billion in annual revenue. Kajima provides financial backing, industry expertise, and corporate stability to DEVEN's operations.

Scale indicators7 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Greystar Real Estate Partners: Greystar is the largest operator, developer, and manager of student housing in the United States, with a vertically integrated platform spanning development, property management, and investment management. It directly competes with DEVEN for university-adjacent student housing development mandates and institutional capital.
• Capstone Development Partners: Capstone is a dedicated student housing developer focused on public-private partnerships with universities. Its on-campus and university-adjacent development model closely mirrors DEVEN's purpose-built student housing product targeting supply-constrained university markets.
• Harrison Street: Harrison Street is an alternative real estate investment manager with a dedicated student housing and education vertical that develops and acquires properties near major universities. It competes with DEVEN for institutional co-investment capital and high-quality student housing assets.
• Balfour Beatty Campus Solutions: Balfour Beatty Campus Solutions is a developer of on-campus student housing via public-private partnerships with universities across the U.S. It is directly comparable to DEVEN's student housing development platform and pursues similar institutional mandates.
• Landmark Properties: Landmark is a national student housing developer and manager with a large pipeline of purpose-built student communities near flagship universities. Its amenity-rich product and university-focused development approach directly parallel DEVEN's student housing strategy.
• American Campus Communities: American Campus Communities (now owned by Blackstone) is one of the largest owners, developers, and managers of student housing properties in the U.S., with deep relationships with universities. It is a direct competitor to DEVEN for institutional-scale student housing mandates.
• The Preiss Company: Preiss is a student housing acquisition, development, and management firm focused on off-campus properties near major universities. Its target markets, tenant base, and amenity-driven product closely overlap with DEVEN's student housing focus.
• Place Properties: Place Properties is a purpose-built student housing developer and operator with a long track record near flagship Southeastern universities. Its regional but multi-product student housing model is comparable to DEVEN's university-targeted development strategy.
• Campus Apartments: Campus Apartments develops, owns, and manages student housing communities in close proximity to universities through public-private partnerships and direct development. It is a direct peer in the institutional student housing development segment.

Broad incumbents

• The Related Companies: Related is a large, diversified real estate developer with significant mixed-use, affordable housing, and hospitality activity. While broader in scope than DEVEN, it competes for institutional mixed-use and mixed-income development mandates in urban markets where DEVEN also operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Development Ventures Group