What Affiliated Development does

Affiliated Development is a privately held real estate investment and development firm headquartered in Fort Lauderdale, Florida, that specializes in mixed-use, mixed-income multifamily housing delivered through public-private partnerships (PPPs) with municipal governments, Community Redevelopment Agencies (CRAs), and county/state agencies. Founded in 2015 by Jeff Burns (CEO) and Nick Rojo (President), the company has collaborated with 13 South Florida municipalities and deployed over $1.5 billion in development value across 12 communities, impacting roughly 4,500 households. Its portfolio spans named Class A projects such as The Six13, The Mid, The Bohemian, The Grand, The Spruce, The Tropic, The Pierce, The Era, The Dune, The Ray, and The Cove, with unit counts ranging from 200 to 415 and workforce housing components typically comprising 30–60% of units restricted to households earning 80–140% of Area Median Income.

The company's core technology is its PPP execution stack: in-house architecture and interior design through the A+R brand (built on an 18+ year partnership with award-winning firm RINKA), proprietary entitlement and incentive structuring around Florida's Live Local Act and CRA RFP processes, and a repeatable capital stack combining construction debt from BankUnited, Bank of Montreal, and Pacific Life Insurance with private equity from the Affiliated Housing Impact Fund vehicles (a $125M inaugural fund launched in 2020 and a $250M second fund with initial $50M close completed in December 2025). Revenue is generated through development fees, construction management fees, asset management fees on stabilized properties, rental income from residential and ground-floor retail tenants (e.g., SPOT Market at The Era), and fund management promote from the impact funds.

Name

Affiliated Development

Legal name

Affiliated Development, LLC

Website

https://affiliateddevelopment.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Affiliated Development is a Fort Lauderdale-based private real estate developer that builds mixed-income multifamily housing in South Florida through public-private partnerships with municipalities, capitalizing projects via construction debt and its $250M Affiliated Housing Impact Fund.

Ownership category

akta.pro rank

Product category

Real Estate Development (Workforce Multifamily Housing)

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (2361), Administration of Housing Programs, Urban Planning, and Community Development (925), New Single-Family Housing Construction (except For-Sale Builders) (236115)

SIC

General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Housing Development, Construction & Rehabilitation Programs (BPAIANAB), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Real estate development
• Workforce housing
• Public-private partnerships
• Multifamily housing
• Mixed-use development

Headquarters

HQ city

Fort Lauderdale

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Real Estate Development: Generates revenue through development fees, construction management, and asset management of completed multifamily properties. Revenue derived from market-rate rents, workforce housing rents, and commercial/retail space leases within mixed-use developments.
2. Asset Management: Ongoing asset management of completed multifamily developments, collecting rental income from residential and commercial tenants.
3. Fund Management: Managing the Affiliated Housing Impact Fund LP, raising capital from institutional investors, pension funds, and family offices to fund workforce housing projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Affiliated Development develops mixed-use multifamily apartment communities that combine market-rate units with workforce housing through public-private partnerships with municipalities in South Florida. The company sources land through municipal RFPs, structures financing using private equity, construction debt, and state/county/local incentives (including Florida's Live Local Act), and develops Class A apartments targeting the "missing middle" income band (households earning 80%-140% of Area Median Income). The firm also operates two investment fund vehicles that raise capital from institutional investors, municipal pension funds, family offices, and high net worth individuals to fund these workforce housing developments.

Product overview

Affiliated Development is a national real estate investment and development company headquartered in Fort Lauderdale, FL, that builds mixed-use multifamily developments targeting unmet demand and underserved areas. The company operates through a portfolio of named apartment community projects (The Six13, The Mid, The Bohemian, The Grand, The Spruce, The Tropic, The Pierce, The Era, The Dune, The Cove, The Ray) complemented by two investment fund vehicles (Affiliated Housing Impact Fund, LP and the newly launched $250M Affiliated Housing Impact Fund II). Projects combine market-rate apartments with workforce housing components and are capitalized through traditional debt financing, private equity, and public incentives from state, county, and local governments. The company has invested over $1.5 billion across 12 communities transforming underserved areas in South Florida.

Differentiator

Problem solved

Functional benefit

Brands

• A+R: In-house architecture and interior design division of Affiliated Development, created through partnership with design firm RINKA.
• Affiliated Housing Impact Fund, LP

Products and services

• The Six13 Mixed-use multifamily apartment community in Fort Lauderdale, FL, developed by Affiliated as part of its economic development strategy targeting underserved markets.
• The Mid 230-unit mixed-income apartment complex in Lake Worth Beach, FL, completed in January 2021, with a workforce housing component.
• The Bohemian 200-unit workforce housing apartment community in Lake Worth Beach, FL, featuring 44 workforce housing units alongside Class A amenities.
• The Grand 301-unit mixed-income apartment complex in West Palm Beach's Northwest Historic District, representing the single largest private investment in the district's history; completed April 2023.
• The Spruce 270-unit mixed-income apartment building in West Palm Beach with 117 workforce housing units; expected completion February 2026.
• The Tropic 223-unit, 18-story apartment tower in Hollywood, FL, with approximately half designated as workforce housing; completed February 2026.
• The Pierce 300-unit mixed-use development in Boynton Beach with 150 workforce housing units and 17,015 sq ft of commercial space.
• The Era 400-unit mixed-use development in Fort Lauderdale with 210+ workforce housing units and ground-floor retail; expected completion Q1 2027.
• The Dune 336-unit mixed-use development in Boynton Beach developed under Florida's Live Local Act, comprising 298 apartments and 38 townhomes with workforce housing.
• The Ray 415-unit apartment project in Sunrise, FL, with a workforce housing component; part of a $150M development.
• The Cove Upcoming mixed-use development in Fort Lauderdale, FL.
• Affiliated Housing Impact Fund, LP Investment vehicle for Affiliated Development projects that combines private equity with public incentives for workforce housing; investors include police, fire and general employee retirement systems in Florida; currently closed to new investors.
• Affiliated Housing Impact Fund II $250M fund for mixed-income multifamily projects across Florida, with initial $50M committed from municipal pension plans; second fund launched December 2025.

Quantifiable outcome

• Over 60% of renters in South Florida are cost-burdened (paying more than 30% of income on rent)
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and secondary.

• RINKAcoreStrategic or Co-development PartnerAward-winning architecture firm with 18+ year relationship with Affiliated. Affiliated's in-house design team A+R was conceived through this relationship, with RINKA professionals dedicated exclusively to Affiliated's projects.
• MSA ArchitectssecondaryStrategic or Co-development PartnerArchitecture firm designing The Tropic project in Hollywood and other Affiliated developments.
• Moss & AssociatessecondaryImplementation/ SI/ Consulting PartnerGeneral contractor for multiple Affiliated projects including The Tropic in Hollywood and The Bohemian in Lake Worth Beach.
• City of Boynton BeachcoreStrategic or Co-development PartnerPublic-private partnership for multiple workforce housing projects including The Pierce (236-300 units) and The Dune (336 units). City provides land, incentives, and regulatory support in exchange for workforce housing development.
• City of West Palm BeachcoreStrategic or Co-development PartnerMultiple PPPs including The Grand ($71M, 289-301 units) and The Spruce (270 units). City provided up to $15M in incentives including $9M grant and property tax refunds.
• Broward CountycoreStrategic or Co-development PartnerCounty provides workforce housing incentives including $5.5M for The Era project and $3.5M for The Tropic. Approved 50% property tax rebate for 30 years in exchange for workforce housing units.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• The NRP Group: National multifamily developer of affordable, workforce, and market-rate housing with significant Florida activity — comparable in mixed-income product strategy and institutional capital relationships.
• Wendover Housing Partners: Specialist developer of workforce and affordable multifamily housing across the Southeast, structuring PPPs and public financing — comparable in product type, target demographic, and capital-formation approach.
• Housing Trust Group: Miami-based developer of workforce and affordable multifamily housing in Florida, frequently partnering with municipalities and using LIHTC tax credits — overlapping directly with Affiliated's mixed-income PPP model.
• Atlantic Pacific Companies: Florida-headquartered multifamily developer specializing in affordable and workforce housing, with deep PPP experience using LIHTC and public financing — directly comparable in product, target segment, and capital stack to Affiliated.
• Bainbridge Companies: Multifamily developer focused on Class A apartments in the Southeast and Mid-Atlantic including Florida workforce and market-rate communities — directly comparable in product type and Florida exposure.
• RangeWater Real Estate: Multifamily developer and operator building Class A garden and mid-rise communities across the Sun Belt including Florida — comparable in product quality, target demographic, and Sun Belt geographic exposure.
• Pinnacle Housing Group: Real estate developer focused on mixed-income, affordable, and workforce housing developments using PPPs and tax-credit financing — comparable in product strategy, target demographic, and capital structure.

Broad incumbents

• The Related Group: Largest multifamily developer in Florida with broad product across luxury, market-rate, and affordable housing — overlaps with Affiliated's Florida multifamily focus but operates at much greater scale and broader price points.
• LMC (Lennar Multifamily Communities): Multifamily arm of Lennar building Class A apartments across high-growth U.S. markets including Florida — overlaps with Affiliated's market-rate/multifamily product but operates nationally at much larger scale.

Regional players

• Stiles Corporation: Fort Lauderdale-based commercial real estate developer with mixed-use, office, and multifamily projects in South Florida — overlaps geographically with Affiliated and competes for similar municipal partnerships.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/affiliatedcompanies

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Affiliated Development