Rudeen Development

What Rudeen Development does

Rudeen Development, LLC is a privately held real estate developer founded in December 1986 by Kevin Rudeen and headquartered in Liberty Lake, Washington. The company develops residential apartment complexes, condominiums, office/warehouse, and retail buildings — and to a lesser extent industrial parks and residential subdivisions — primarily in Washington State and Idaho, with past activity in Nevada. Project scale ranges from 15-unit duplex clusters (Buckeye Villas) to 396-unit multi-phase apartment complexes (The Amelia Apartments in Post Falls, Idaho), with current 2021-2022 construction underway at The Amelia, Apartments Twenty-Six, The Marjorie at Aspen Park, and Knox Lane III office/warehouse in Liberty Lake.

The business is vertically integrated with affiliated Rudeen Management Company, Inc. (separately incorporated in July 1998 under Kevin Rudeen's sole ownership), which manages most completed multifamily properties and handles leasing through property-specific websites. Revenue mechanics combine one-time development and sale events on build-to-sell or stabilized assets with recurring property management fees and rental income on retained units held by the affiliate. GTM is direct: a basic company website showcases the portfolio, per-property websites drive tenant leasing, and inbound phone/contact-form inquiries handle commercial and development deal flow.

The company is founder-controlled (Kevin Rudeen holds 99% of Rudeen Development LLC as Managing Member and is sole shareholder of the management affiliate), with a small leadership team consisting of CFO Kirk Kappen (University of Washington, 1994; with the company since 1996), Controller Scott Lartz, and Construction Coordinator Chris Wilhelm. The company has no external institutional investors, no public listing, no AI/technology stack, no API offerings, and no disclosed revenue or funding history.

Name

Rudeen Development

Legal name

Rudeen Development, LLC

Website

https://rudeendev.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Rudeen Development is a private Pacific Northwest real estate developer founded in 1986 that builds and manages residential apartment complexes (15 to 396 units) and office/warehouse properties across Washington and Idaho, with ongoing projects in Post Falls, Spokane, and Liberty Lake.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Rental and Leasing Services (532), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

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

akta.pro secondary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Residential property development
• Commercial real estate development
• Apartment complex construction
• Multi-family housing development
• Pacific Northwest real estate

Headquarters

HQ city

Liberty Lake

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: The company develops residential apartment complexes and commercial properties across Washington and Idaho, generating revenue through property sales and ongoing management fees. Projects include multi-family apartments ranging from 15 units to 396 units, as well as office/warehouse and retail buildings.

Distribution channels1 record

Marketing channels3 records

Core offering

Rudeen Development, LLC is a real estate development company that develops residential apartment complexes and commercial properties across Washington and Idaho. Its portfolio includes multi-family apartment projects ranging from 15-unit duplexes to 396-unit multi-phase complexes, as well as office/warehouse and retail buildings. Completed and ongoing projects are managed in conjunction with its affiliated entity, Rudeen Management Company, Inc., providing tenants with leasing and ongoing property management services.

Product overview

Rudeen Development is a real estate development company offering apartment complexes, condominiums, commercial buildings, industrial parks, and residential subdivisions. Their portfolio includes both current construction projects (Knox Lane III office/warehouse, Apartments Twenty-Six, The Marjorie at Aspen Park, The Amelia Apartments) and completed developments across Washington and Idaho states. Projects range from 15-unit duplexes to 396-unit multi-phase apartment complexes. Managed in conjunction with Rudeen Management Company Inc.

Differentiator

Problem solved

Functional benefit

Products and services

• Apartments Twenty-Six A 270-unit, two-phase multi-family apartment development on Expo Parkway in Post Falls, Idaho, currently under construction with first phase begun summer 2022 and managed by Rudeen Management Company, Inc.
• The Marjorie at Aspen Park A 226-unit, two-phase multi-family apartment development on Spotted Road in Spokane, Washington, currently under construction with first phase begun summer 2022.
• The Amelia Apartments A 396-unit, two-phase multi-family apartment development on Expo Parkway in Post Falls, Idaho, with construction begun fall 2021 and first 216 units expected to come online for rentals in Q1 2023.
• Knox Lane III A four-building office/warehouse commercial project at 24230 E. Knox Lane in Liberty Lake, Washington; first two buildings fully leased, third building in design for 2023 construction, managed by Rudeen Management Company, Inc.
• Knox Lane II A two-building office/warehouse commercial project at 24250 E. Knox Ln., Liberty Lake, Washington, comprising a 17,800 sq ft Building A (constructed 2019) and an 11,970 sq ft Building B (constructed 2022).
• Molter Business Suites A 32,000 sq ft Class A office building at 2207 N Molter Rd., Liberty Lake, Washington, purchased and remodeled in 2020 to provide commercial office space.
• Beau West Apartments A 204-unit, two-phase multi-family apartment development at 7410 S Hayford Rd., Spokane, Washington, with phase 1 completed fall 2020 and phase 2 completed fall 2021.
• Crown Pointe Apartments A 264-unit, two-phase multi-family apartment development at 8060 N Crown Pointe St., Post Falls, Idaho, with phase 1 completed summer 2020 and phase 2 completed Q1 2022.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Hager Realty ServicesminorChannel Partner/ Reseller/ DistributorRealty services partner featured on the company's contact page. Nature of relationship not fully detailed but appears to be a real estate services connection.
• Rudeen Management Company Inc.coreOthersRelated entity established in July 1998 alongside Rudeen Development LLC. Kevin Rudeen is President and sole shareholder. This company manages most of the property development projects listed on the website.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Lennar Corporation: One of the largest US homebuilders with significant Pacific Northwest operations. Comparable target market (entry-level to move-up residential) and active subdivision development, though at much larger scale and broader geographic footprint.
• Trammell Crow Residential: National multifamily developer building Class A apartment communities across major US markets including Pacific Northwest. Comparable on apartment development, project scale, and institutional-quality execution.
• Toll Brothers: National luxury homebuilder with Washington state operations. Comparable on for-sale residential development though at substantially higher price points and broader geographic base.
• Mill Creek Residential: National multifamily developer with properties in the Spokane and Pacific Northwest markets. Comparable on Class A apartment community development and renter demographic.
• Wood Partners: National multifamily developer with active PNW projects including apartments in Spokane and Boise markets. Directly comparable on multi-family apartment development, project size (often 200-400 units), and target renter demographic.
• D.R. Horton: Largest US homebuilder by volume with active operations in Washington and Idaho. Comparable multi-family and single-family residential development focus, though at substantially greater scale and capital base.

Regional players

• Greenstone Homes: Pacific Northwest homebuilder headquartered in the Puget Sound region developing residential communities across Washington. Comparable to Rudeen's residential development focus and regional PNW operating base.
• Hayden Enterprises: Pacific Northwest homebuilder operating in Washington, Oregon, Idaho, and Montana. Comparable regional focus on residential development in secondary markets similar to Rudeen's Spokane and Coeur d'Alene operations.
• Pahlisch Homes: Pacific Northwest homebuilder with operations in Washington, Oregon, and Idaho developing single-family and multi-family residential communities. Comparable regional footprint and product mix to Rudeen Development's residential apartment and subdivision work.

Emerging players

• RMT Holdings: Spokane-area real estate development and investment firm active in multifamily and commercial properties. Comparable regional Pacific Northwest operations and product mix spanning residential and commercial.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Rudeen Development