Hope Development & Realty

What Hope Development & Realty does

Hope Development & Realty is a privately held, vertically integrated real estate development firm operating under the legal entity Hope K. Farms, LLC and headquartered at 4500 Westown Pkwy, Suite 277, West Des Moines, Iowa. The company develops, owns, leases, sells, and manages residential, commercial, and land assets across the Des Moines metropolitan area, covering at least 11 Iowa cities including Grimes, Ankeny, Waukee, West Des Moines, Urbandale, Des Moines, Altoona, and Polk City. Its service scope spans the full real estate lifecycle — buying, selling, leasing, property management, planning, designing, and building — supported by an in-house team led by President & CEO Reza Kargarzadeh, Director of Engineering and Development Arash Razizadeh, Director of Real Estate Development Tim Day, and Real Estate Manager Amanda Harwell.

The product portfolio includes residential assets (Diamond Ridge Estates townhomes in Grimes, Holcomb Place apartments in Urbandale, and single-family homes for rent and sale across the metro), commercial retail centers (Hope Plaza II, a 21,238 SF center built in 2022, and Hope Plaza III, a 17,685 SF center delivered in 2025, both in Grimes), land subdivisions (Hope Meadows, Hope Landing, Hope Spring, Hope Horizon, Hope Crest, Hope Crossing, Hope Timber), and the flagship Hope Entertainment District, a 200-acre mixed-use master plan in Grimes anchored by the 50-acre Hy-Vee Multiplex synthetic turf sports complex. Revenue is generated through three streams: one-time property and land sales, recurring leasing of commercial suites and residential townhomes/apartments, and ongoing property management fees. Commercial suites are priced at $22–$30/SF/YR Triple Net and residential townhomes at $2,020–$2,170/month depending on section.

The company goes to market through a direct sales and leasing motion augmented by channel partnerships with global CRE brokers JLL and Cushman & Wakefield, plus regional broker Iowa Commercial Advisors, which list Hope assets on LoopNet, Apartments.com, and JLL's property platform. Distribution is single-country/domestic and concentrated in Central Iowa. No proprietary technology stack, AI/ML capabilities, patents, or external institutional investors are disclosed; ownership is founder-controlled with the CEO also leading an international plastic injection molding manufacturing enterprise.

Name

Hope Development & Realty

Legal name

Hope K. Farms, LLC

Website

https://hopedevelopment-realty.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Hope Development & Realty is a privately held, vertically integrated real estate developer in Central Iowa developing, leasing, selling, and managing residential, commercial, and land assets across the Des Moines metro area.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), New Housing For-Sale Builders (236117), Offices of Real Estate Agents and Brokers (531210), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

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

akta.pro secondary industries

Land & Development Site Brokerage (BPAJABAG), Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Commercial real estate development
• Residential property leasing
• Mixed-use community development
• Land development services
• Property management services

Headquarters

HQ city

West Des Moines

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Sales: Revenue from selling residential lots, single-family homes, and commercial properties/land parcels to end buyers.
2. Leasing: Revenue from leasing commercial retail/office suites and residential townhomes/apartments on a recurring basis.
3. Property Management: Property management services for residential and commercial portfolios, generating ongoing management fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Hope Development & Realty is a vertically integrated Central Iowa real estate firm that develops, leases, sells, and manages residential, commercial, and land properties across the Des Moines metro area. Its portfolio includes townhome and apartment communities, single-family homes, upscale retail centers, a 200-acre mixed-use entertainment district, and multiple entitled land developments. The company also offers buying/selling brokerage, leasing, property management, planning, designing, and building services.

Product overview

Hope Development & Realty offers a comprehensive real estate and development platform spanning residential, commercial, and land development. The portfolio includes residential offerings (Diamond Ridge Estates townhomes, Holcomb Place apartments, Single-Family Homes), commercial retail properties (Hope Plaza II and III), and major mixed-use developments (Hope Entertainment District). The company also manages multiple land development projects across the Des Moines metro area including Hope Meadows, Hope Landing, Hope Spring, Hope Horizon, Hope Crest, Hope Crossing, and Hope Timber.

Differentiator

Problem solved

Functional benefit

Products and services

• Diamond Ridge Estates Luxury townhome community in Grimes, IA with spacious three-bedroom units featuring open-concept layouts, quartz countertops, stainless steel appliances, attached two-car garages, and private patios; Section B luxury apartments planned for 2027.
• Holcomb Place Modern apartment community in Urbandale, IA offering spacious layouts with executive finishes and ground-level, middle, and top-level units with scenic views.
• Single-Family Homes Single-family residences for rent or purchase across 11 Iowa cities including Altoona, Ankeny, Des Moines, Grimes, Polk City, Urbandale, Waukee, and West Des Moines.
• Hope Plaza II Upscale 21,238 sq ft retail destination in Grimes, IA constructed in 2022, located off Highway 141 with prime visibility for retail and restaurant tenants. Leased at $22/SF/YR Triple Net.
• Hope Plaza III Upscale 17,685 sq ft retail destination in Grimes, IA constructed in 2025, located at the corner of NE Gateway Drive and Beaverbrooke Blvd within Hope Entertainment District. Leased at $30/SF/YR Triple Net.
• Hope Entertainment District 200-acre mixed-use development in Grimes, IA anchored by the Hy-Vee Multiplex (50-acre synthetic turf multisport complex); master plan includes luxury housing, hotels, retail, and commercial ventures.
• Hope Meadows Premier land development in Grimes, IA offering mixed residential and commercial lots along SW County Line Road.
• Hope Landing Land development in West Des Moines, IA.
• Hope Spring Land development in Waukee, IA.
• Hope Horizon Land development in Grimes, IA.
• Hope Crest Land development in Ankeny, IA at NW 118th Ave.
• Hope Crossing Land development in Ankeny, IA.
• Hope Timber Land development in Grimes, IA at 1400-1800 NW 2nd St.
• Property Management Services Ongoing management of residential (single-family and multi-family) and commercial real estate portfolios for owners and tenants.
• Real Estate Brokerage (Buying and Selling) Brokerage services supporting the purchase and sale of residential homes, commercial properties, and land parcels across Central Iowa.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Iowa Commercial AdvisorscoreChannel Partner/ Reseller/ DistributorIowa Commercial Advisors serves as a channel partner for commercial property listings. Hope Plaza III is listed on their LoopLink platform (looplink.iowacommercialadvisors.com) and their main website (iowacommercial.com). The company logo appears in the Valued Partnerships section of the About page.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ DistributorCushman & Wakefield is featured as a Valued Partner in the About page partnerships section. Hope Plaza listings are available through their commercial real estate platform, providing international brokerage reach for the company's commercial properties.
• JLL (Jones Lang LaSalle)coreChannel Partner/ Reseller/ DistributorJLL is listed as a Valued Partner. Hope Entertainment District land parcels and Hope Timber land are listed on JLL's property listing platform (property.jll.com), leveraging their global commercial real estate brokerage network.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Lennar Corporation: Top-three national homebuilder with active land development pipeline. Comparable build-to-sell community model but with nationwide scale and institutional capital.
• D.R. Horton: Largest U.S. homebuilder by volume with significant Iowa presence. Comparable single-family and townhome product but operates nationally at vastly greater scale.
• M/I Homes: Mid-sized national homebuilder with Midwest concentration including Midwest markets. Comparable for-sale residential focus with design-build integration.
• Greystar Real Estate Partners: Largest U.S. multifamily and student housing operator and developer. Comparable exposure to the Diamond Ridge Estates luxury apartment expansion and property management operations, but at vastly greater scale.
• PulteGroup: National homebuilder with First-Time Buyer, Move-Up, and Active Adult segments across the Midwest. Comparable for-sale residential focus and master-planned community development.

Direct peers

• Ryan Companies: Minneapolis-based regional real estate developer specializing in mixed-use, multifamily, and commercial projects across the Upper Midwest. Comparable scale and integrated development approach.
• Mortenson: Minneapolis-headquartered construction and real estate development firm with substantial Midwest residential, commercial, and mixed-use projects. Comparable regional Midwest platform and capital deployment profile.
• Opus Group: Minneapolis-based national developer of office, industrial, multifamily, and mixed-use real estate. Comparable vertically integrated design-build-develop model across Midwestern submarkets.
• Hubbell Realty Company: Long-standing Des Moines-area residential and commercial developer with similar vertically integrated build, sell, and lease operations in the Iowa market. Closest comparable by geography and product mix.

Others

• JLL (Jones Lang LaSalle): Global commercial real estate services and investment firm that is also a channel partner for Hope's commercial land listings. Adjacent infrastructure provider rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hope-realm-development

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 Hope Development & Realty