REV Development
REV Development is a privately held, Lincoln, Nebraska-based real estate developer specializing in mixed-use, hotel, and multifamily projects across Midwest communities. Founded circa 2014, the firm has delivered over $300M of development and holds a $250M pipeline, partnering with IHG and Marriott on branded hotels.
- Company typePrivate
- Founded2014
- HeadquartersLincoln, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What REV Development does
REV Development is a privately held, full-service real estate development firm founded circa 2014 in Lincoln, Nebraska, by Mike Works and Justin Hernandez. The company specializes in mixed-use redevelopments that integrate hotel, multifamily residential, and commercial retail components, primarily serving Midwest communities, local governments, and real estate investors. Its operating model covers the full project lifecycle — planning, entitlement and incentive procurement, design oversight of third-party architects and engineers, construction oversight, long-term property management, and project financing — delivered through a core team of 1–10 employees supported by strategic partnerships with construction management firms, property managers, real estate brokerages, and hotel brand partners including IHG (Hotel Indigo, Holiday Inn Express) and Marriott (Hampton Inn, Fairfield/TownePlace).
The company's revenue model is a blend of professional services fees (development, construction oversight), managed services (long-term property management), and transaction fees (brokerage), with project economics supplemented by co-development promoted interest. Pricing is negotiated on a project-by-project basis and is not publicly disclosed. The go-to-market motion is sales-led and relationship-driven, relying on direct engagement with community leaders, municipal stakeholders, and investor networks (the latter accessed in part via a JuniperSquare investor portal). Revenue is inherently project-based and episodic, with the size and timing of any given year tied to the construction and lease-up milestones of the active pipeline.
Over the past five years, principals have developed or co-developed over 15 hotels and a combined $300M of project value, with a current $250M pipeline spanning Nebraska (Lincoln, Omaha, North Platte, Norfolk, Columbus, Beatrice, Hastings, Fremont, Alliance, Chadron, Ogallala, York, Elkhorn, LaVista, Ralston), Colorado (Silverthorne), Kansas (Ottawa), and Iowa (Carter Lake). Named product lines include District 177 (North Platte mixed-use), Terminal/Traction Lofts (Lincoln historic renovation), Heartland Flats (multifamily portfolio), and Gold's Hampton Inn Downtown / Gold's South Tower (Lincoln mixed-use and high-rise). The company has no disclosed institutional investors, parent company, subsidiaries, AI/ML capabilities, patents, or public revenue figures.
REV Development firmographics
Firmographics- Name
- REV Development
- Legal name
- REV Development
- Website
- https://revdev.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- REV Development is a privately held, Lincoln, Nebraska-based real estate developer specializing in mixed-use, hotel, and multifamily projects across Midwest communities. Founded circa 2014, the firm has delivered over $300M of development and holds a $250M pipeline, partnering with IHG and Marriott on branded hotels.
- Ownership category
- akta.pro rank
REV Development industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Residential Building Construction (23611), Land Subdivision (23721)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industry
- Renovation, Remodeling & Tenant Improvements (General Contracting) (IMAFAAAE)
Keywords
Where REV Development is headquartered
LocationHeadquarters
- HQ city
- Lincoln
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
REV Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Development Services: Full-service development including planning, design oversight, construction oversight, and project management for mixed-use, hotel, multifamily, and commercial real estate projects.
- Property Management: Long-term management services for developed properties ensuring sustained viability of investments.
- Real Estate Brokerage: Brokerage services for commercial and residential real estate within developed properties.
- Construction Management: Construction and construction management services through strategic partnerships.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
REV Development product offering
Product offeringCore offering
REV Development is a full-service real estate development firm that delivers mixed-use redevelopments, branded hotels, and multifamily housing projects across Midwest communities. Services span planning, entitlement and incentive procurement, design oversight, construction management, long-term property management, and financing. The firm works directly with communities, local governments, and investors to tailor developments that meet local needs, leveraging specialized funding programs such as TIF, EEA, PACE, LB840, and Rural Workforce Housing Funds.
Product overview
REV Development is a full-service real estate development company specializing in mixed-use developments with hotel and multi-family components. The company's offerings include a portfolio of named real estate projects across multiple states, including District 177 (mixed-use retail redevelopment in North Platte, NE), Terminal/Traction Lofts (mixed-use commercial and luxury condo development in Lincoln, NE), Heartland Flats (multifamily residential portfolio across Nebraska), and various hotel developments under brands including Hotel Indigo, Hampton Inn, Holiday Inn Express & Suites, and Fairfield/TownePlace. The company also provides development services including planning, design, construction oversight, management, and financing. Over the past five years, principals have developed or co-developed over 15 hotels with a combined $300 million in development value.
Differentiator
Problem solved
Functional benefit
Products and services
- Development Services Full-service real estate development including planning, entitlement and incentive procurement, design oversight, construction oversight, long-term property management, and financing. Targeted at Midwest communities, local governments, and real estate investors seeking tailored mixed-use, hotel, multifamily, and commercial real estate solutions.
- Property Management Long-term management services for developed properties, delivered through strategic partnerships, ensuring sustained viability of real estate investments across REV Development's mixed-use, hotel, multifamily, and commercial portfolio.
- Real Estate Brokerage Brokerage services for commercial and residential real estate within REV Development's portfolio of developed properties, delivered through strategic partnerships.
- Construction Management Construction and construction management services for mixed-use, hotel, multifamily, and commercial real estate projects, delivered through strategic partnerships with construction management firms.
- Development Planning Services Planning-phase service that conceptualizes project plans based on community need, stakeholder inputs, and overall project goals as the first step of REV Development's full-service development offering.
- Development Finance Services Finance-phase service that secures and manages sources of project funding, including specialized incentive programs such as TIF, EEA, PACE, LB840, and Rural Workforce Housing Funds, as well as investor capital.
Quantifiable outcome
- $300 million in development completed over 5 years
- +2 more outcomes
Companies that use REV Development
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
REV Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
REV Development partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Construction Management PartnerscoreStrategic partnerships with construction management firms to oversee the construction phase from groundbreaking to final punch list. These partners are leveraged to assemble well-rounded project teams.
- Property Management PartnerscorePartnerships with property management companies to direct long-term management needs for developments, ensuring sustained viability of investments.
- Real Estate Brokerage PartnerscorePartnerships with real estate brokerages to provide brokerage services as part of the comprehensive development offering.
- Third-Party Architects and EngineerscorePartnerships with third-party architects and engineers supervised by REV Development to assemble design plans and overall project vision.
- IHG (InterContinental Hotels Group)corePartnership with IHG for Hotel Indigo boutique hotels in Silverthorne, CO and Omaha, NE. Also developing Holiday Inn Express properties under IHG brand.
- Marriott InternationalcorePartnership with Marriott for Hampton Inn, Fairfield/TownePlace dual brand, and other Marriott properties.
Scale indicators6 records
Recent moves6 records
Expansion highlights2 records
REV Development competitors and assessment
Company assessmentBroad incumbents
- Opus Group: Minneapolis-based national real estate developer with mixed-use, multifamily, and commercial experience. Comparable to REV in development approach and Midwest origin, but with significantly greater scale and capital access.
- Wood Partners: National multifamily developer with thousands of units delivered across multiple U.S. markets. Comparable to REV in multifamily development model but operates at significantly larger scale and broader geographic reach.
Direct peers
- Lanoha Real Estate: Lincoln, Nebraska-based developer specializing in residential communities, mixed-use, and commercial real estate. Closely comparable to REV in both headquarters geography and product focus on Nebraska and surrounding Midwest markets.
- Block & Company: Midwest-focused real estate developer and brokerage with mixed-use, hotel, and retail projects. Comparable to REV in product mix and geographic focus on secondary Midwest markets.
- Copaken Brooks: Kansas City-based full-service real estate company engaged in development, brokerage, and property management across the Midwest. Directly comparable to REV's full-service development model and Midwest geographic reach.
- Noddle Companies: Omaha-based real estate developer with a multi-decade track record in mixed-use, multifamily, and commercial projects across the Midwest. Directly comparable to REV in geography, product mix, and community-driven development model.
- Sherman Associates: Minneapolis-based real estate developer specializing in mixed-use, multifamily, and historic renovation projects. Comparable to REV in adaptive reuse emphasis and Midwest geographic footprint.
- Continental Properties: Midwest-headquartered multifamily and commercial developer with a national portfolio. Comparable to REV in multifamily development focus and Midwest operational roots.
- R&R Realty Group: West Des Moines, Iowa-based real estate investment and development firm with a portfolio spanning multifamily, commercial, and mixed-use properties. Comparable to REV in Midwest focus, asset class mix, and community-scale project size.
Others
- Marcus & Millichap: National real estate investment services firm focused on commercial property brokerage and capital markets. Related to REV as a real estate transaction intermediary in the same asset classes REV develops, though it does not develop properties itself.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
REV Development social profiles
Digital presenceREV Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
REV Development leadership team
Management profileNumber of profiles
Profiles2 records
REV Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
REV Development 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 REV Development
What does REV Development do?
REV Development is a full-service real estate development firm that delivers mixed-use redevelopments, branded hotels, and multifamily housing projects across Midwest communities. Services span planning, entitlement and incentive procurement, design oversight, construction management, long-term property management, and financing. The firm works directly with communities, local governments, and investors to tailor developments that meet local needs, leveraging specialized funding programs such as TIF, EEA, PACE, LB840, and Rural Workforce Housing Funds.
Is REV Development a public or private company?
REV Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was REV Development founded?
REV Development was founded in 2014. It employs 1 to 10 people.
Where is REV Development based?
REV Development is headquartered in Lincoln, United States, in the North America region.
How does REV Development make money?
Four revenue lines are on record. Development Services are the primary driver. The others are property Management, real Estate Brokerage and construction Management.
Who are REV Development's main competitors?
Broad incumbents on record are Opus Group and Wood Partners. Direct peers are Lanoha Real Estate, Block & Company, Copaken Brooks, Noddle Companies, Sherman Associates, Continental Properties and R&R Realty Group. Marcus & Millichap is listed as an others.
Does REV Development have an API?
No public API is recorded for REV Development.
What industry is REV Development in?
REV Development's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of IMAFAAAE, Renovation, Remodeling & Tenant Improvements (General Contracting). Its NAICS code is 23611 and its SIC code is 6552.