AIM Development Company

What AIM Development Company does

AIM Development Company is a privately held, founder-owned real estate development and construction firm headquartered in Provo, Utah, specializing in multi-family residential, branded hospitality, and senior living projects across the inter-mountain west and beyond. The company delivers end-to-end services spanning market analysis and feasibility, debt and equity procurement, real estate acquisition, entitlements, design oversight, asset management, estimating, bidding, and construction management, with partner Brett Jones holding a General Building B100 license that allows AIM Construction to internalize construction operations. Sub-brands include the VALO build-for-rent townhome rental communities, Legacy Cottages (55+ apartments), and Legacy Village (Independent Living, Assisted Living, and Memory Care senior living), alongside co-developer LP investments in third-party-led deals.

The business operates on a relationship-based, owner-led model: one or both co-founders (cousins Tyler Miles and Brad Miles, each with $500M+ in cumulative development experience) run point on every deal, supported by a small team of 1-10 including a Director of Business Development and Land Acquisition. AIM monetizes through professional services fees on its own developments, construction management fees via AIM Construction, and limited-participant equity participation in sponsor-led deals. Geographic reach spans at least eleven states — Utah, Idaho, Arizona, Colorado, Nevada, Hawaii, Ohio, Oklahoma, Washington, Minnesota, and New Mexico — with repeat co-development relationships anchoring the pipeline alongside Western States Lodging, Garn Development, and Colmena Group.

Name

AIM Development Company

Legal name

AIM Development Company

Website

https://aimdevco.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

AIM Development Company is a Provo, Utah-based real estate development and construction firm founded by cousins Tyler and Brad Miles, delivering full-service multi-family, hospitality, and senior living projects for institutional investors and co-development partners across the U.S. western region.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (531210)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Investors, Nec (6799)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC), Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)

Keywords

• Real estate development
• Construction management
• Multi-family development
• Hospitality development
• Senior living development

Headquarters

HQ city

Heber City

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, Infrastructure, Others

Revenue model

1. Development Services: Full-service real estate development including market analysis, feasibility studies, debt and equity procurement, entitlements, design, asset management, estimating, bidding, and construction management.
2. Construction Management: Oversight and management of construction operations through partner Brett Jones who holds a General Building B100 license.
3. Limited Partner Investments: The owners invest as limited partners with other sponsor partners in various real estate asset classes including multi-family, retail, ground-leases, hotels, industrial, and senior living.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

AIM Development Company provides full-service real estate development across multi-family, hospitality, and senior living asset classes, covering market analysis and feasibility, debt and equity procurement, real estate acquisition, entitlements, design, asset management, estimating, bidding, and construction management. The firm also operates a construction management practice (led by a licensed partner) and selectively invests as a limited partner alongside sponsor partners across multiple real estate asset classes.

Product overview

AIM Development Company operates as a real estate development and construction firm offering four core service lines: Multi-Family Development, Hospitality Development, Senior Living Development, and Construction Management. The company maintains two notable sub-brands within its multi-family portfolio: the VALO series of build-for-rent townhome communities and the Legacy Cottages 55+ apartment brand. Additionally, AIM offers real estate investment services where the owners invest as limited partners alongside other sponsors. The portfolio includes completed, developing, and investing projects across multiple asset types throughout the inter-mountain west region.

Differentiator

Problem solved

Functional benefit

Brands

• VALO: Townhome rental communities in 'build-for-rent' communities targeting residents seeking alternatives to traditional apartments. Multiple locations in Utah and Idaho.
• Legacy Cottages
• Legacy Village
• AIM Construction

Products and services

• Multi-Family Development Comprehensive multi-family development services covering townhomes for rent, age-restricted apartments, and traditional apartments from raw land through the design and entitlement phase, to the construction phase, and eventually the operational phase.
• Hospitality Development Hotel and hospitality development services encompassing design, financing, and construction management for hotel brands including Marriott, Hilton, and IHG properties.
• Senior Living Development Development of senior living assets including Independent Living, Assisted Living, and Memory Care facilities, with expertise in taking projects from concept through construction to operations.
• Construction Management Construction management services overseen by partner Brett Jones, who holds a General Building B100 license and brings over 16 years of experience in residential and commercial construction estimating, scheduling, and contracting.

Named customers7 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Western States LodgingcoreStrategic or Co-development PartnerLong-term strategic partner for hospitality and senior living developments. Multiple projects developed together including Home2 Suites locations in Salt Lake City, Richland WA, and Scottsdale AZ, Embassy Suites South Jordan, Hampton Inn West Valley, and senior living Legacy Village properties.
• Garn DevelopmentcoreStrategic or Co-development PartnerCo-development partner for major projects including Residence Inn Kapolei, Hawaii (183 guest rooms) and Legacy Village of St. George (255 units).
• Colmena GroupcoreStrategic or Co-development PartnerCo-development partner for senior living projects including Legacy Village of Salt River (Scottsdale, AZ), Legacy Village of Castle Pines (CO), Legacy House of Avondale (AZ), Legacy House of Park Lane (Farmington, UT), Legacy Village of Sugar House (Salt Lake City), and Legacy House of Centennial Hills (Las Vegas).
• Western States LodgingcoreStrategic or Co-development PartnerEVEN Hotels by IHG and Staybridge Suites by IHG development in Rochester, MN with 250 total guest rooms.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• PEG Companies: Multi-family, build-for-rent, and hospitality developer in the Southwest and Mountain West; comparable asset mix and high-touch developer approach to AIM, including branded hotel and BFR product lines.
• Woodbury Corporation: Utah-headquartered real estate developer active in multi-family, hospitality, and senior living across the Intermountain West; closest geographic and asset-class match to AIM, and a benchmark for small-shop regional developer scalability.
• Western States Lodging: Hospitality and senior living co-development partner; shares multiple joint projects with AIM (Home2 Suites, Embassy Suites, Legacy Village properties) and operates in the same branded-hotel development niche.
• Dominium: Larger but architecturally similar multi-family and affordable housing developer; comparable in end-to-end development services spanning acquisition through operations.
• Gardner Capital: Multi-family and senior living developer with projects across multiple states; comparable in vertical specialization on residential and senior housing development.
• Garn Development: Real estate development firm and AIM's repeat co-development partner (e.g., Residence Inn Kapolei, Legacy Village of St. George); directly comparable in asset classes and project types.
• Colmena Group: Senior living owner-operator and developer co-developing multiple Legacy Village properties with AIM; directly comparable in senior living development focus and partnership-driven deal model.

Broad incumbents

• Bridge Investment Group: Vertically integrated real estate investment manager with deep senior living and multi-family exposure; comparable asset mix and sponsor/co-develop structure, though at materially larger scale.
• The NRP Group: Multi-family, senior living, and build-to-rent developer operating nationally; broader scale and capital base than AIM but overlapping asset classes and full-service development model.

Regional players

• Kraus-Anderson Real Estate: Midwest-based developer and builder active in multi-family, hospitality, and senior living; comparable full-service model and asset mix, though primarily competing in Upper Midwest markets where AIM also has projects (e.g., Minnesota).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/AIM-Development-Company-100068353981873
• LinkedInlinkedin.com/company/aim-development-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 AIM Development Company