What River Caddis Development does

River Caddis Development is the private real estate development division of River Caddis Group, a privately held firm headquartered at 4215 Legacy Parkway, Lansing, Michigan. The company executes multifamily residences, mixed-use developments, commercial properties, infrastructure projects, and student housing projects across six U.S. states: Michigan, Texas, Ohio, Florida, Iowa, and Idaho. Its client base includes institutional investors, municipalities, and educational institutions, with engagements structured as public-private partnerships and direct development deals. Notable named projects include Union at ISU (Ames, IA), East End (Midland, MI), Peerless at Grand Haven (Grand Haven, MI), Jules on 3rd (Boise, ID), Campus Village at College Station, Domain at Waco, Domain at Cleveland, Trowbridge Village, and Lake Lansing Place.

The company's core service offering is end-to-end real estate development with internal capability spanning site selection, entitlement, financing, construction oversight, and long-term asset management. No proprietary technology platform or software product is disclosed; differentiation rests on integrated in-house expertise across development, brokerage, law, leasing, finance, and property management, supplemented by partner networks in finance, legal, engineering, construction management, and brokerage. The portfolio is segmented across branded student housing projects (Union at ISU, Campus Village at College Station, Domain at Waco, Domain at Cleveland), market-rate multifamily and mixed-use (Peerless at Grand Haven, Jules on 3rd, Trowbridge Village), and commercial mixed-use (East End, Lake Lansing Place). Co-founders William Demmer (Chairman, also CEO of Demmer Corporation) and Kevin McGraw (CEO, former senior partner at a Lansing law firm) anchor the leadership team.

River Caddis Development generates revenue through development fees, property sales, and long-term asset ownership. Pricing is project-specific and quote-based rather than tiered, and no standardized pricing is publicly disclosed. The go-to-market is direct enterprise field sales, with deal sourcing through relationships with municipalities, institutional investors, and development partners. The company operates as one of three divisions within River Caddis Group, alongside River Caddis Management (owner representation and program management) and River Caddis Communities (affordable and mixed-income housing), enabling cross-divisional deal flow. No revenue figures, funding rounds, or public market activity are disclosed; the firm is privately held with no stock exchange listings.

Name

River Caddis Development

Legal name

River Caddis Development, LLC

Website

https://rivercaddis.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

River Caddis Development is the private real estate development division of River Caddis Group, executing multifamily, mixed-use, commercial, student housing, and infrastructure projects across six US states for institutional investors, municipalities, and educational institutions.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Land Brokerage (Raw Land & Development Sites) (FSAEAJAD)

Keywords

• Real estate development
• Mixed-use developments
• Student housing development
• Multifamily residences
• Commercial real estate

Headquarters

HQ city

East Lansing

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Real Estate Development Services: The company generates revenue through real estate development services including property development, mixed-use developments, multifamily residences, commercial properties, and infrastructure projects. Revenue is derived from development fees, property sales, and long-term asset ownership across public and private sector projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

River Caddis Development is the private development division of River Caddis Group, executing real estate development across multifamily residences, mixed-use developments, commercial properties, student housing, and infrastructure projects. The firm manages projects from site selection through completion, supported by in-house expertise in development, brokerage, law, leasing, finance, and property management. It serves both public and private sector clients across Michigan, Texas, Ohio, Florida, Iowa, and Idaho.

Product overview

River Caddis Development is the private development division of River Caddis Group, a real estate development and advisory firm operating nationally. The company operates as a single integrated product line within its parent group, which also includes River Caddis Management (property/owner representation) and River Caddis Communities (affordable/mixed-income housing). River Caddis Development itself focuses on development, brokerage, law, leasing, finance, and property management across multifamily, mixed-use, commercial, and infrastructure projects. Its portfolio spans branded project names including Union at ISU (student housing), East End (commercial mixed use), Peerless at Grand Haven (market rate multi-family), Jules on 3rd (market rate mixed use/public private partnership), Campus Village at College Station (student housing), Domain at Waco (student housing), Trowbridge Village (mixed use), Domain at Cleveland (student housing/adaptive reuse), and Lake Lansing Place (commercial mixed use).

Differentiator

Problem solved

Functional benefit

Brands

• River Caddis Development: The private development division of River Caddis Group, focusing on multifamily residences, mixed-use developments, commercial properties, and infrastructure projects.
• River Caddis Management
• River Caddis Communities

Products and services

• Real Estate Development Services End-to-end real estate development services including multifamily residences, mixed-use developments, commercial properties, student housing, and infrastructure projects, delivered for institutional investors, municipalities, and private developers across the U.S.
• Real Estate Brokerage and Leasing Services Brokerage, leasing, and tenant relations management services for proprietary real estate assets and third-party clients, including industrial, office, and retail leasing support.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• Finance PartnerscoreOthersThe company works with partners from the finance field to optimize financial performance and manage risks across development projects. These partnerships support project financing, investment structuring, and capital raising activities.
• Law PartnerscoreImplementation/ SI/ Consulting PartnerCollaborates with legal professionals to navigate complex zoning, regulatory, and corporate matters in real estate development projects across multiple states.
• Engineering PartnerscoreImplementation/ SI/ Consulting PartnerPartnerships with engineering firms for site due diligence, civil site design, surveying, geotechnical, and environmental investigations.
• Construction Management PartnerscoreImplementation/ SI/ Consulting PartnerCollaboration with construction management firms to oversee pre-project development and project construction activities.
• Real Estate Brokerage PartnerscoreChannel Partner/ Reseller/ DistributorPartnerships with real estate brokerage professionals for property leasing, sales, and management services across the portfolio.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Pennrose: Developer and operator of multifamily rental housing including market-rate and affordable communities, with offices across multiple states. Closely comparable to River Caddis's mixed-income, multifamily-focused Communities division.
• The NRP Group: Cleveland-based multifamily and mixed-use developer with a comparable geographic footprint and product mix, including affordable and market-rate housing across multiple states - matching River Caddis's mixed portfolio of market-rate and affordable developments.
• The Preiss Company: Private student housing developer and operator with a national portfolio including off-campus developments for major universities - directly comparable to River Caddis's Union at ISU, Campus Village at College Station, and Domain at Waco student projects.
• McCormack Baron Salazar: National developer focused on mixed-income and affordable housing, with expertise in complex public-private partnerships and Brownfield-style urban revitalization - directly comparable to River Caddis's Communities division and PPP expertise.
• Landmark Properties: Athens, GA-based developer specializing in purpose-built student housing communities across multiple states. Highly comparable business model and product type to River Caddis's student housing pipeline.
• Continental Development: Mid-size private real estate developer of mixed-use, multifamily, retail, and office properties. Comparable in scale, geographic reach, and product mix to River Caddis Development's portfolio.
• CA Ventures (Capital Plus Affiliates): Real estate development platform with significant student housing and multifamily development operations across multiple U.S. states. Similar vertical breadth and student housing specialization as River Caddis.

Broad incumbents

• Clark Enterprises: Privately-held diversified holding company with real estate development operations including mixed-use and multifamily projects. Comparable private-company structure with multi-generational family ownership operating across real estate verticals.
• Greystar Real Estate Partners: Largest U.S. student housing and multifamily operator/developer. Overlaps directly with River Caddis's student housing and multifamily development pipeline but operates at materially larger scale with institutional capital backing.

Others

• The Hinman Company: Real estate development and consulting firm mentioned as CFO Michael Driver's prior employer. Closely comparable real estate services firm in business model and Midwestern footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/RiverCaddis
• Facebookfacebook.com/rivercaddis
• Instagraminstagram.com/river_caddis

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 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 River Caddis Development