Alden Development Group
Alden Development Group is a privately owned, family-office-backed real estate development and investment firm based in Birmingham, MI, overseeing over $500MM in active development and $1.5B+ in cumulative direct investments across multifamily, mixed-use, industrial, and hospitality assets throughout North America.
- Company typePrivate
- Founded2010
- HeadquartersBirmingham, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Alden Development Group does
Alden Development Group (ADG) is a privately owned real estate development and investment firm headquartered in Birmingham, Michigan, operating throughout North America. Founded on a foundation of family-office capital, the firm specializes in the full lifecycle of real estate — acquisition, entitlement, development, management, and financing — across asset classes including office, single-family residential, multifamily, mixed-use, commercial retail, aviation, industrial, and hospitality. ADG is currently overseeing new development projects totaling over $500MM and has maintained direct investments totaling over $1.5 billion across a diversified asset base for more than 40 years.
ADG's portfolio includes several notable Michigan-based projects: the Peabody mixed-use redevelopment in downtown Birmingham (acquired 2016), Brookside Residences (27 luxury residences, launched 2016), The Kingsley Hotel by DoubleTree Hilton in Bloomfield Hills (opened 2018, with on-site F&B concepts Zalman's and The Duke Bar), an Industrial Portfolio launched in 2022, and The Emerson in Farmington Hills (316 units, expected completion 2027). Beyond real estate, ADG operates as the independent venture capital and investment platform for a private family office, deploying capital into technology, hospitality, consumer products, and food and beverage ventures.
The firm is led by Chairman Gary Shiffman, CEO Matthew Shiffman, COO Luis Suarez, and CFO Tom Herbst, supported by a team with combined expertise exceeding 150 years. ADG's revenue model is multi-stream: real estate development (property sales, joint ventures, development fees), investment and asset management (property appreciation, rental income, asset management fees), and family office investment (transaction-based returns across non-real-estate sectors). Pricing is bespoke and not publicly disclosed; customer relationships are driven by direct capital relationships and reputation rather than marketing channels.
Alden Development Group firmographics
Firmographics- Name
- Alden Development Group
- Legal name
- Alden Development Group
- Website
- https://aldendevelopment.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Alden Development Group is a privately owned, family-office-backed real estate development and investment firm based in Birmingham, MI, overseeing over $500MM in active development and $1.5B+ in cumulative direct investments across multifamily, mixed-use, industrial, and hospitality assets throughout North America.
- Ownership category
- akta.pro rank
Alden Development Group industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Residential Property Managers (531311), Management of Companies and Enterprises (551)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)
- akta.pro secondary industries
- Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Alden Development Group is headquartered
LocationHeadquarters
- HQ city
- Birmingham
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Alden Development Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Others
Revenue model
- Real Estate Development: ADG develops new projects including luxury multifamily, mixed-use developments, and Class A office space. Currently overseeing new development projects totaling over $500MM. Revenue is generated through property sales, joint ventures, and development fees.
- Real Estate Investment and Asset Management: Active presence in direct investments totaling over $1.5 billion across office, single-family residential, multifamily, mixed-use, commercial retail, aviation, industrial, and hospitality properties. Generates returns through property appreciation, rental income, and asset management fees.
- Family Office Investment Platform: Operates as the independent venture capital and investment platform for a private family office, strategically investing across technology, hospitality, consumer products, food and beverage, and other high-growth business sectors.
Go-to-market motion1 record
Distribution channels1 record
Alden Development Group product offering
Product offeringCore offering
Alden Development Group is a privately owned real estate development and investment firm overseeing new development projects totaling over $500MM, including luxury multifamily, mixed-use developments, and Class A office space. The firm also maintains an active presence in direct investments totaling over $1.5 billion across office, single-family residential, multifamily, mixed-use, commercial retail, aviation, industrial, and hospitality properties, and operates as the independent venture capital and investment platform for a private family office.
Product overview
Alden Development Group is a privately owned real estate development and investment firm offering a comprehensive suite of services. The core offerings include Real Estate Development (luxury multifamily, mixed-use, Class A office projects totaling over $500MM), Real Estate Investment (direct investments exceeding $1.5 billion across diverse asset classes), Industrial/Commercial property management, and Family Office/Venture Capital investment. The portfolio includes notable projects such as Peabody (mixed-use redevelopment), The Emerson (luxury lofts with 316 units), The Kingsley Hotel by DoubleTree Hilton (boutique hospitality), and Brookside Residences (27 luxury residences). The firm operates throughout North America with a combined team expertise of over 150 years.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Active presence in direct investments totaling over $1.5 billion across diverse asset classes for more than 40 years
- +2 more outcomes
Companies that use Alden Development Group
Customer profileSegments4 records
Ideal customer profiles3 records
Alden Development Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Alden Development Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- DoubleTree HiltonminorADG developed and operates The Kingsley Hotel, which operates under the DoubleTree Hilton brand. This is a franchise/brand licensing arrangement where ADG owns and operates the property while DoubleTree Hilton provides the brand, reservations system, and operational standards.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Alden Development Group competitors and assessment
Company assessmentDirect peers
- Bedrock: Detroit-based real estate firm that develops, owns, and manages large-scale mixed-use, office, multifamily, and hotel projects across downtown cores. Highly comparable to ADG in combining urban mixed-use development, hospitality (e.g., hotels), and long-term family-controlled capital deployment, with overlapping geography in Michigan.
- Soave Enterprises: Detroit-based privately held diversified holding company with significant real estate development, property management, and investment operations across multiple asset classes. Comparable to ADG in family-owned structure, multi-asset real estate focus, and Michigan operational footprint.
- Redico: Michigan-based real estate investment and development company specializing in office, mixed-use, multifamily, and hospitality projects. Directly comparable to ADG in asset class mix (including hotel development) and Michigan concentration.
- Broder & Sachse Real Estate: Birmingham, MI-based real estate developer and investment firm developing and managing mixed-use, multifamily, and commercial properties. Comparable to ADG in Michigan headquarters, mixed-use/multifamily development focus, and privately held ownership structure.
- The Bainbridge Companies: Multifamily-focused real estate developer, investor, and manager operating across multiple US markets with luxury and Class A apartment communities. Comparable to ADG's luxury multifamily development and asset management capabilities at a national scale.
- Harbor Group International: Privately held real estate investment and management firm acquiring and operating multifamily, office, retail, and hotel properties across the US. Comparable to ADG in multi-sector direct investment approach and private ownership, with greater scale.
- The Georgetown Company: Private real estate investment and development firm focused on hospitality, office, and mixed-use assets. Comparable to ADG in operating branded hotels (e.g., Hilton partnerships), mixed-use development, and family-controlled private ownership.
- Lormax Stern: Michigan-based privately held real estate investment and development company with industrial, office, and mixed-use projects. Directly comparable to ADG in Michigan geography, multi-sector real estate focus, and family-owned private capital model.
Regional players
- Friedman Real Estate: Michigan-based full-service commercial real estate firm offering brokerage, property management, and investment services. Comparable in Michigan operating geography and diversified commercial real estate services, though broader in brokerage versus ADG's development focus.
- Village Green: Michigan-headquartered apartment management and development company with a national multifamily portfolio. Comparable to ADG in luxury/apartment operating expertise and Michigan roots, with primary overlap in residential property management.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Alden Development Group social profiles
Digital presenceAlden Development Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alden Development Group leadership team
Management profileNumber of profiles
Profiles6 records
Alden Development Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alden Development Group 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 Alden Development Group
What does Alden Development Group do?
Alden Development Group is a privately owned real estate development and investment firm overseeing new development projects totaling over $500MM, including luxury multifamily, mixed-use developments, and Class A office space. The firm also maintains an active presence in direct investments totaling over $1.5 billion across office, single-family residential, multifamily, mixed-use, commercial retail, aviation, industrial, and hospitality properties, and operates as the independent venture capital and investment platform for a private family office.
Is Alden Development Group a public or private company?
Alden Development Group is a private company. It is classified as family owned and is currently operating.
When was Alden Development Group founded?
Alden Development Group was founded in 2010. It employs 1 to 10 people.
Where is Alden Development Group based?
Alden Development Group is headquartered in Birmingham, United States, in the North America region.
How does Alden Development Group make money?
Three revenue lines are on record. Real Estate Development is the primary driver. The others are real Estate Investment and Asset Management and family Office Investment Platform.
Who are Alden Development Group's main competitors?
Direct peers on record are Bedrock, Soave Enterprises, Redico, Broder & Sachse Real Estate, The Bainbridge Companies, Harbor Group International, The Georgetown Company and Lormax Stern. Regional players are Friedman Real Estate and Village Green.
Does Alden Development Group have an API?
No public API is recorded for Alden Development Group.
What industry is Alden Development Group in?
Alden Development Group's product category is Real Estate Development. Its primary akta.pro industry code is FSAAADAI, Real Estate Management for Family Offices (Acquisition, Development, Property Ops), with a secondary code of FSAAADAH, Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest). Its NAICS code is 531120 and its SIC code is 6532.