What DAC Developments does

DAC Developments is a privately held, vertically integrated real estate development firm headquartered in Chicago, Illinois, founded in 2016 by Daniel Rezko and Adam Rezko. The firm develops luxury multifamily, hospitality, and mixed-use projects across the Chicago metropolitan area and Nashville, Tennessee, with a stated portfolio exceeding $1 billion in total development value across delivered and pipeline projects. Its product surface spans 18-unit boutique multifamily buildings up to a planned 53-story, 867,662-square-foot hotel-and-condo tower in Nashville's SoBro district, including coliving, branded residences, and Marriott Tribute-flagged hotels.

The firm operates no software product; its "technology" is its in-house development platform spanning land acquisition, financing, entitlement, design, construction, leasing, and long-term asset management. Revenue is realized through property sales, construction completions, and stabilized asset management of delivered projects, with project-specific pricing that is not publicly disclosed. DAC's go-to-market is dual-channel: direct sales of condo units and hotel management agreements with hospitality operators at the asset level, and project-level institutional capital partnerships with LPs such as Greystone, Ullico, BridgeCity Capital, Waterton, Starwood Property Trust, and Bank OZK for development financing.

The team is lean (1–10 employees) and founder-controlled, with senior leadership including a CFO with 20+ years of cross-border real estate experience at JLL and Qatar Diar, a former Chicago deputy commissioner overseeing $600M+ of municipal programs, a 25-year Turner Construction veteran, and a general counsel with 35+ years of real estate transactions. Customers served include residential end-users in growing urban and suburban Chicago submarkets, hospitality guests, and institutional capital partners seeking real estate development exposure in the Midwest and Sun Belt.

Name

DAC Developments

Legal name

DAC Developments

Website

https://dacdevelopments.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

DAC Developments is a Chicago-based, vertically integrated real estate developer founded in 2016 that builds luxury multifamily, hospitality, and mixed-use projects across the Chicago metro and Nashville for residential end-users, hospitality operators, and institutional capital partners.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development Sales: DAC Developments generates revenue through the development and sale of multifamily, hospitality, and mixed-use real estate projects. Revenue is realized through property sales, construction completions, and long-term asset management of delivered projects.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

DAC Developments is a vertically integrated real estate development firm that acquires land, arranges financing, and develops luxury multifamily residences, coliving suites, branded residential condominiums, mixed-use towers, and full-service hotels across Chicago and Nashville. The firm manages every phase of development in-house, from land acquisition through construction, leasing, and long-term asset management, and partners with institutional capital providers, hospitality operators, and brand partners to deliver projects.

Product overview

DAC Developments is a vertically integrated real estate development firm operating a portfolio of distinct residential and hospitality developments across Chicago and Nashville. The company operates no unified software product but develops physical real estate assets including multifamily apartment communities, hospitality properties (hotels), coliving residences, and mixed-use towers. The development portfolio includes completed projects (The 8o8, The Welkin, Uptown 500, 2405 W Hutchinson, 1509 N Western), projects under construction (626 On The Park, 1217 Washington, East Bank Apartments), and projects in planning (319 Peabody, 424 S Wabash, 5th & Pine). Projects range from 18-unit buildings to 53-story towers, with development value exceeding $1 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• 319 Peabody A 53-story luxury hotel-and-residence tower in Nashville's SoBro district featuring 405 hotel keys and 104 branded residential condominiums, totaling 867,662 square feet. Upon completion it would become one of Nashville's tallest buildings.
• The 8o8 A 22-story mixed-use tower in Chicago's River North featuring 278 luxury residences, coliving suites, ground-floor retail, and creative office space.
• 424 S Wabash A 24-story Marriott Tribute hotel in Chicago's Loop with 340 keys and 203,624 square feet, positioned near Lake Michigan and Millennium Park.
• 626 On The Park An 18-story tower in Chicago's South Loop that blends traditional residences with curated coliving suites, featuring 368 units in 204,542 square feet.
• The Welkin A 212-unit residential community in downtown Des Plaines, Illinois, with 378,525 square feet offering design and amenities comparable to city properties.
• Uptown 500 A 321-unit residential community in Wheeling, Illinois with 292,858 square feet and top-tier amenities, establishing a new benchmark for suburban living in the northwest suburbs.
• 1217 Washington A 19-story tower in Chicago's West Loop featuring 287 residential units with 280,700 square feet, offering design-forward residences and amenities in the Restaurant Row area.
• East Bank Apartments A 258-unit development in Aurora, Illinois with 343,421 square feet, representing the first ground-up development in downtown Aurora in over two decades through a public-private partnership.
• 5th & Pine A three-phase mixed-use development in Michigan City, Indiana featuring 263 residential units and 11,155 square feet of retail space, anchoring the revitalization of downtown Michigan City.
• 2405 W Hutchinson A 48-unit residential building in Chicago's Lincoln Square neighborhood with 63,940 square feet, featuring condo-caliber finishes and ground-floor retail.
• 1509 N Western An 18-unit mixed-use building in Wicker Park, Chicago, representing DAC Developments' first project that launched the firm's development pipeline.

Quantifiable outcome

• $1B+ in total development value delivered across portfolio
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered minor and core.

• Johnson ControlsminorStrategic or Co-development PartnerBuilding technology and controls partner providing systems integration for development projects.
• Pappageorge Haymes PartnerscoreStrategic or Co-development PartnerArchitecture firm serving as lead architect for multiple DAC projects including The 8o8, 424 S Wabash, 319 Peabody, East Bank Apartments, and 5th & Pine.
• Focus ConstructioncoreImplementation/ SI/ Consulting PartnerGeneral contractor for The 8o8 project in River North, Chicago.
• Clark ConstructioncoreImplementation/ SI/ Consulting PartnerMajor construction firm engaged as general contractor for 319 Peabody Nashville tower and 626 On The Park South Loop project.
• Aimbridge HospitalitycoreStrategic or Co-development PartnerLeading hospitality management company providing hotel operations expertise for 319 Peabody and 424 S Wabash hotel developments.
• Marriott Tribute PortfoliocoreStrategic or Co-development PartnerMarriott brand partnership for 424 S Wabash, a 24-story Marriott Tribute hotel development in Chicago Loop with 340 keys.
• ENC ConstructioncoreImplementation/ SI/ Consulting PartnerConstruction partner for 424 S Wabash hotel tower in Chicago Loop and 5th & Pine mixed-use development in Michigan City.
• SuperHost HospitalityminorStrategic or Co-development PartnerHospitality management partner for 424 S Wabash project providing guest services and operations support.
• ESG ArchitectscoreStrategic or Co-development PartnerArchitectural firm for The Welkin, a 212-unit residential community in Des Plaines, Illinois.
• John James ConstructionminorImplementation/ SI/ Consulting PartnerGeneral contractor for 2405 W Hutchinson, a 48-unit multifamily residence in Lincoln Square, Chicago.
• Trellis GroupcoreStrategic or Co-development PartnerDevelopment partner for East Bank Apartments, a public-private partnership with the City of Aurora, Illinois.
• Antunovich AssociatescoreStrategic or Co-development PartnerArchitecture firm for 626 On The Park, an 18-story coliving tower in Chicago's South Loop.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• JDL Development: Chicago-based private real estate developer focused on luxury multifamily, mixed-use, and condominium projects in high-growth urban neighborhoods. Highly comparable to DAC in scale, product type, and target market.
• CA Ventures: Chicago-headquartered private real estate investment and development firm active in multifamily, student housing, and mixed-use developments across the U.S. Closely comparable in business model, footprint, and multifamily focus to DAC.
• The John Buck Company: Chicago-based privately held real estate developer of Class A office, multifamily, and mixed-use towers in urban core locations. Comparable to DAC in product mix, Chicago focus, and project scale.
• Magellan Development Group: Chicago-based developer of master-planned, mixed-use, and high-rise residential communities (e.g., Lakeshore East, Aqua Tower). Directly comparable to DAC in Chicago high-rise residential and mixed-use development.
• Sterling Bay: Chicago-focused real estate developer specializing in large-scale mixed-use, office, and multifamily projects. Comparable in product type, Chicago concentration, and institutional-capital-driven model.
• Crescent Heights: National developer of high-rise luxury residential and mixed-use towers in major U.S. cities. Comparable in product (luxury high-rise for-sale and rental residences) and brand-led development approach.

Broad incumbents

• Related Companies: National, large-scale developer of luxury mixed-use, multifamily, and branded residential projects including mixed-income and affordable housing. Operates at meaningfully greater scale and geographic breadth than DAC, with overlapping product categories.
• Trammell Crow Company: One of the largest U.S. commercial real estate developers, active in multifamily, office, and mixed-use product across major markets. Overlaps with DAC in multifamily development but operates at vastly larger scale and capital base.
• Lendlease: Global real estate and construction group active in large mixed-use and urban regeneration projects, including multifamily. Comparable in mixed-use urban development and hospitality-adjacent product, but operates at much larger scale.
• Brookfield Properties: Major global real estate developer and operator of office, multifamily, retail, and mixed-use assets. Overlaps with DAC in multifamily/luxury residential and mixed-use product categories, with substantially greater scale and diversification.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Xx.com/DacDevelopments
• Facebookfacebook.com/DAC-Developments-101794825810674
• LinkedInlinkedin.com/company/dac-developments

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

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 DAC Developments