Three Leaf Partners
Three Leaf Partners is a Milwaukee-based real estate developer founded in 2022 by NBA Champion Pat Connaughton, specializing in Class A multi-family residential communities across the Midwest through institutional partnerships with churches, schools, and municipalities that supply underutilized land.
- Company typePrivate
- Founded2022
- HeadquartersMilwaukee, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Three Leaf Partners does
Three Leaf Partners is a Milwaukee-based, privately held real estate development firm founded in 2022 by NBA Champion Pat Connaughton and Catalyst Construction CEO Matt Burow. The company develops Class A multi-family residential communities across the Midwest — primarily Wisconsin, Illinois, and Indiana — with an active pipeline of 7 projects totaling 1,276 units and a cumulative portfolio exceeding 2,000 completed and in-development units. Project sizes range from 28 to 267 units, including senior living (Lumia), hospitality (Holiday Inn, 107 rooms), self-storage (Stoney Brook Storage, 554 units), and the 130-acre Merchant Village commercial business park in Slinger, WI.
The firm's model pairs professional athletes, business executives, and community partners in development ventures, with a stated "Impact Through Real Estate" mission. Rather than competing on financial returns alone, Three Leaf Partners builds long-term partnerships with churches, schools, and municipalities that own underutilized land, converting those parcels into Class A residential communities while generating sustained institutional revenue for the partner organizations (e.g., Wisconsin Lutheran High School enrollment growth from 720 to 930+ students following the Honey Creek Apartments partnership; Parkway Crossing with Immanuel Lutheran Church including a 4.8-acre park donation to Crystal Lake). Construction is executed through Catalyst Construction, co-founded by co-founder Matt Burow, providing integrated development-to-build execution, and property management is delivered via partners such as DSI Real Estate Group.
Revenue is generated through development fees, equity returns from joint ventures with private investors reached through a dedicated investor portal, and recurring property management fees. The firm employs 19 people and operates from a Milwaukee headquarters with a Madison regional office. Pricing is set per project at market rates for Class A multi-family, with no public per-unit pricing disclosed. As of 2026, the firm has accumulated multiple industry recognitions including a CoStar Impact Award, Milwaukee Mayor's Design Award, BizTimes Notable Leader recognition, and a Titan 100 Hall of Fame induction for its CIO.
Three Leaf Partners firmographics
Firmographics- Name
- Three Leaf Partners
- Legal name
- Three Leaf Partners
- Website
- https://threeleafdevelopment.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Three Leaf Partners is a Milwaukee-based real estate developer founded in 2022 by NBA Champion Pat Connaughton, specializing in Class A multi-family residential communities across the Midwest through institutional partnerships with churches, schools, and municipalities that supply underutilized land.
- Ownership category
- akta.pro rank
Three Leaf Partners industry classification
Industry- Product category
- Multi-family Real Estate Development
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Three Leaf Partners is headquartered
LocationHeadquarters
- HQ city
- Milwaukee
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Three Leaf Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Multi-family Real Estate Development: Three Leaf Partners develops multi-family residential communities for lease/sale to residents. Revenue is generated through development fees, equity returns from joint ventures, and long-term property management or disposition. The firm structures opportunities where investors receive financial returns alongside positive community impact. Development projects span 28–267 unit communities across Wisconsin, Illinois, and Indiana.
- Property Management Services: Through subsidiary and partner entities (DSI Real Estate Group), Three Leaf Partners provides property management for its developed communities, generating recurring management fee revenue.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Three Leaf Partners product offering
Product offeringCore offering
Three Leaf Partners develops Class A multi-family residential communities, mixed-use properties, and commercial/industrial real estate across the Midwest, primarily in Wisconsin and Illinois. The firm partners with churches, schools, and municipalities to monetize underutilized institutional land into housing and commercial projects. It also operates a 130-acre business park (Merchant Village) and selected hospitality and self-storage properties.
Product overview
Three Leaf Partners is a Milwaukee-based commercial real estate development firm founded in 2022 by NBA Champion Pat Connaughton and Catalyst Construction CEO Matt Burow. The company operates as a real estate development firm with a portfolio of multi-family residential developments and commercial/industrial properties across the Midwest. The product portfolio consists of: multi-family residential communities (Timberveil Residences, Midpoint Meadows, Westrock Residences, The Revv, Vista Village, Taxco, The Daniels, Lumia Senior, Honey Creek, The Fitz, Parkway Crossing, Oaks on Maria, Theater Terrace, The Atwater, Irish Quarter) ranging from 28 to 267 units; commercial developments including Merchant Village business park (130 acres) and various industrial/commercial properties (820 Wisconsin St, Interpane Ln, Sunwood Dr, Roemer Rd, Stonebridge Rd); self-storage facilities (Stoney Brook Storage); and hospitality properties (Holiday Inn). The company also provides investor services through a private investor portal. Three Leaf Partners focuses on mission-driven, partnership-based development that brings together athletes, business executives, and community partners to create communities with lasting impact.
Differentiator
Problem solved
Functional benefit
Products and services
- Timberveil Residences
- Midpoint Meadows
- Westrock Residences
- The Revv
- Parkway Crossing
- Vista Village
- Taxco
- The Daniels
- Lumia Senior
- Honey Creek
- The Fitz
- Merchant Village
- Stoney Brook Storage
- Holiday Inn
- Investor Portal
- Property Management Services
Quantifiable outcome
- Supported Wisconsin Lutheran High School enrollment growth from 720 to 930+ students
- +3 more outcomes
Companies that use Three Leaf Partners
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles4 records
Three Leaf Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Three Leaf Partners partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- City of Crystal LakeminorThree Leaf Partners is donating a 4.8-acre public park to the City of Crystal Lake as part of the Parkway Crossing development, expanding public green space in the community.
- DSI Real Estate GroupcoreThree Leaf Partners entered a strategic joint venture with DSI Real Estate Group for the Midpoint Meadows project in Madison, WI. DSI serves as both equity partner and property manager, bringing professional property management expertise to the 228-unit Class A community. This is the first Madison market entry for Three Leaf Partners.
- Immanuel Lutheran Church and SchoolcoreLand partnership with Immanuel Lutheran Church and School in Crystal Lake, IL to develop 220-unit Parkway Crossing on 23.8 acres of underutilized church-owned land. Three Leaf Partners is also donating a 4.8-acre public park to the City of Crystal Lake as part of the deal. The partnership serves as a vehicle for long-term institutional sustainability.
- Veridian HomesminorMidpoint Meadows is located within the 135-acre Midpoint Meadows master-planned neighborhood designed by Veridian Homes in Madison, WI. Three Leaf Partners is developing within the master-planned district designed by Veridian.
- Allegis Corp.minorMinneapolis-based hardware manufacturer expanding at Three Leaf's Merchant Village campus in Slinger, WI. Allegis Corp. is building a 90,000-square-foot production, warehouse, and office facility as part of the 130-acre Merchant Village business park.
- Saint Bernards CongregationcoreThree Leaf Partners is redeveloping the former Saint Bernards Congregation site in Wauwatosa, WI into 153-unit Vista Village. The redevelopment sustains the church's mission for generations by transforming underutilized land into vibrant housing, with a welcoming public plaza connecting to an existing pocket park.
- DeMichele CompanycoreDeMichele Company collaborated with Three Leaf Partners and Saint Mark's Episcopal Church on The Fitz development in Milwaukee's East Side. DeMichele Company shaped the partnership solution that allowed the church to advance its vision for a new parish hall while introducing high-quality housing.
- Catalyst ConstructioncoreCatalyst Construction is co-founded by Matt Burow (Co-Founder of Three Leaf Partners). Catalyst Construction serves as the in-house general contractor and construction partner for many Three Leaf Partners developments, providing integrated development and construction execution.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Three Leaf Partners competitors and assessment
Company assessmentEmerging players
- McCourt Partners: Mid-sized real estate developer focused on multi-family and mixed-use projects in select U.S. markets. Comparable scale, asset-class focus, and direct-development business model.
- Core Spaces: Student and multi-family developer with a young, mission-driven operating culture. Comparable as a next-generation developer that competes for institutional JV capital and pursues amenity-rich Class A product.
Direct peers
- Greystar Real Estate Partners: World's largest multi-family developer, owner, and operator with a vertically integrated development-through-property-management model. Comparable to Three Leaf's combined ground-up development + DSI property management stack, but at vastly larger scale.
- L+M Development Partners: Mission-driven multi-family developer pairing institutional and community partners in impact-oriented development. Highly comparable operating philosophy to Three Leaf's "Impact Through Real Estate" model and partnership-driven deal sourcing.
- Wangard Partners: Wisconsin-based real estate developer with a multi-family and mixed-use portfolio across the Midwest. Most directly comparable by region, asset class, and scale, making it the closest head-to-head competitor for institutional land deals and tenant demand.
Broad incumbents
- JLL (Jones Lang LaSalle): Global full-service real estate firm with significant multi-family investment sales, debt placement, and development advisory practices. Comparable in multi-family capital markets activity but operates at much broader scope and scale than Three Leaf's focused Midwest development model.
- Toll Brothers Apartment Living: Multi-family build-to-rent subsidiary of national homebuilder Toll Brothers. Comparable in Class A garden-style and mid-rise multi-family product, but with a national platform and significantly larger balance sheet.
- Hines: Global real estate developer with a substantial multi-family footprint and a mission-driven subsidiary (Hines A&HC). Comparable in multi-family product and social-impact orientation but at materially larger scale and geographic breadth.
Regional players
- Veridian Homes: Wisconsin-based homebuilder designing the 135-acre Midpoint Meadows master-planned neighborhood in which Three Leaf is developing 228 units. A regional peer by geography and product overlap (Midpoint is the only for-rent portion within Veridian's master plan).
Others
- Catalyst Construction: Milwaukee-area general contractor co-founded by Matt Burow, Three Leaf's co-founder. Serves as in-house construction partner across many Three Leaf developments; an ecosystem participant with deep operational overlap rather than a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights8 records
Customer concentration
Three Leaf Partners social profiles
Digital presenceThree Leaf Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Three Leaf Partners leadership team
Management profileNumber of profiles
Profiles11 records
Three Leaf Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Three Leaf Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Three Leaf Partners
What does Three Leaf Partners do?
Three Leaf Partners develops Class A multi-family residential communities, mixed-use properties, and commercial/industrial real estate across the Midwest, primarily in Wisconsin and Illinois. The firm partners with churches, schools, and municipalities to monetize underutilized institutional land into housing and commercial projects. It also operates a 130-acre business park (Merchant Village) and selected hospitality and self-storage properties.
Is Three Leaf Partners a public or private company?
Three Leaf Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Three Leaf Partners founded?
Three Leaf Partners was founded in 2022. It employs 1 to 10 people.
Where is Three Leaf Partners based?
Three Leaf Partners is headquartered in Milwaukee, United States, in the North America region.
How does Three Leaf Partners make money?
Two revenue lines are on record. Multi-family Real Estate Development is the primary driver. The others are property Management Services.
Who are Three Leaf Partners's main competitors?
Emerging players on record are McCourt Partners and Core Spaces. Direct peers are Greystar Real Estate Partners, L+M Development Partners and Wangard Partners. Broad incumbents are JLL (Jones Lang LaSalle), Toll Brothers Apartment Living and Hines. Veridian Homes is listed as a regional player. Catalyst Construction is listed as an others.
Does Three Leaf Partners have an API?
No public API is recorded for Three Leaf Partners.
What industry is Three Leaf Partners in?
Three Leaf Partners's product category is Multi-family Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its SIC code is 6552.