US DEVELOPMENT Group

What US DEVELOPMENT Group does

US DEVELOPMENT Group (USDG) is a privately-held, multi-disciplinary real estate development and management firm founded circa 1994 and headquartered in Glendale, California, with a regional office in Seoul, South Korea. The firm operates across the full real estate lifecycle — strategic advisory, project execution and development management, and ongoing asset management — serving institutional investors, private investor groups, international resort developers, and property owners in the US and Korea. Its managed asset portfolio exceeds five million square feet spanning office, retail, and hospitality, with notable assets including Wilshire Bundy Plaza and Westwood Plaza in Los Angeles.

USDG's core service lines are development management (overseeing acquisition through completion of residential, hotel, resort, and mixed-use projects), asset management (day-to-day property operations, leasing, tenant improvements, and financial administration using Yardi software plus a proprietary weekly cash management system), and strategic advisory (acquisition due diligence, financing arrangement, and long-term market positioning). The firm does not develop speculatively on its own balance sheet at scale but functions as a fee-based development manager and strategic advisor, frequently partnering with equity holders and institutional capital providers.

USDG's revenue streams are professional services and managed services fees tied to project value, plus transaction fees on property sales. The firm's GTM motion is sales-led and relationship-driven, targeting high-net-worth individuals, institutional investors, and development partners through direct engagement, professional networks, and project launch events. The most active current mandates include Park Fifth (a ~2.5M sq ft mixed-use tower project in Downtown LA with 772 residential units and a five-star hotel in joint venture with LA Development Company LLC and Charter Holdings, Inc.) and Taeahn European Resort (an 852-room resort with Hilton Vacation Club in Korea).

Name

US DEVELOPMENT Group

Legal name

US DEVELOPMENT Group

Website

https://www.us-developmentgroup.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

US DEVELOPMENT Group is a private, multi-disciplinary real estate development, asset management, and strategic advisory firm serving institutional investors, property owners, and resort developers in the US (Los Angeles) and South Korea, with active mega-projects including Park Fifth and Taeahn European Resort.

Ownership category

akta.pro rank

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Development Management Fees: USDG serves as development manager for client projects, overseeing the entire development process from acquisition through completion. Fees are typically structured as a percentage of project costs or a fixed fee arrangement.
2. Asset Management: Day-to-day management of properties including leasing, tenant improvements, debt financing, and financial administration. USDG manages assets where they were involved in the original purchase for investor clients.
3. Strategic Advisory: Providing strategic and financial planning advisory services for individual projects, including acquisition due diligence, financing arrangements, and long-term market positioning.
4. Property Sales - Development Projects: Revenue from sales of residential units in development projects. Park Fifth project generated $313 million in sales from 316 reserved units at average price of $980 per square foot.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

USDG is a real estate development, asset management, and strategic advisory firm that develops, redevelops, and manages commercial, residential, mixed-use, hotel, and resort properties for its own account and on behalf of institutional and private investor clients. Its principals act as development manager overseeing acquisition, entitlement, financing, design coordination, construction oversight, and ongoing asset management, with projects spanning the United States (primarily Los Angeles) and South Korea.

Product overview

US DEVELOPMENT Group (USDG) is a multi-disciplinary real estate development and management company offering a comprehensive suite of services including Asset Management, Project Execution and Planning, and Strategic Advisory. The company operates across commercial, residential, and resort development sectors with projects in the United States (primarily Los Angeles, California) and South Korea (Busan and Taeahn regions). Key active projects include Park Fifth (Downtown Los Angeles mixed-use development), Taeahn European Resort (Hilton-affiliated resort in Korea), and Busan Haeundae Tour Resort. The company manages a portfolio of existing assets including office buildings, hotels, retail centers, and apartment complexes, utilizing Yardi software for internal property accounting and financial management.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Management Day-to-day management of real estate properties for investor clients, including accounting, financial reporting, property improvements, rent maximization, leasing, tenant management, and debt financing. USDG manages assets where it was involved in the original purchase, including office buildings, retail centers, and hotels in the greater Los Angeles area.
• Project Execution and Planning Development management services including architectural design coordination, construction management, and oversight of third-party consultants throughout the development process. Covers acquisition, entitlement, financing arrangement, construction oversight, and project completion for commercial, residential, mixed-use, hotel, and resort developments.
• Strategic Advisory Strategic and financial planning services for real estate projects including market analysis, acquisition support, due diligence, financing arrangements, and long-term market positioning. Includes arrangement of primary debt, mezzanine debt, and additional equity for client acquisitions.
• Real Estate Development Projects Development and redevelopment of commercial, residential, and mixed-use properties including office towers, condominiums, hotels, resorts, retail centers, and entertainment venues. Includes USDG's own-account projects and projects managed on behalf of investor clients.
• Park Fifth A 1,286,000 square foot mixed-use development in Downtown Los Angeles featuring 755 luxury residential units, a 212-room five-star Pan Pacific Hotel, 18,000 square feet of retail space, and two towers rising 76 and 43 stories. Designed by Kohn Pedersen Fox (KPF). 316 units were reserved in pre-sales at an average price of $980 per square foot, generating $313 million in sales within six months.
• Taeahn European Resort European-style resort development in Chungcheongnam-do, Korea featuring 852 rooms, theme parks including water park and media culture park, convention center, shopping mall, and golf courses, developed in partnership with Hilton Vacation Club. USDG provides development management and strategic advisory for the project.
• Busan Haeundae Tour Resort Large-scale resort development in Busan, Korea involving mega buildings, shopping centers, and comprehensive tourism infrastructure. USDG is involved in development management for the project.
• East-Busan Tourism Complex (Condominium Plan) Condominium development within the East-Busan tourist complex in Korea, featuring 2 and 3 block condominium planning with accessibility to international airports, ports, and KTX rail network.

Quantifiable outcome

• $313 million in sales from 316 reserved units within 6 months for Park Fifth project
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core and major.

• Kohn Pedersen Fox (KPF)coreTechnology or IntegrationInternationally recognized architectural firm with studios in New York and London. Serves as Park Fifth's design architect, bringing international perspective to local projects. Has won more than 200 awards and work has been widely exhibited with fourteen monographs published.
• Turner Construction CompanycoreImplementation/ SI/ Consulting PartnerLeading US builder ranked by various trade publications. During 2006, completed $8.6 billion of construction. Established in 1902 with nationwide network of offices. Built significant Los Angeles skyscrapers including US Bank Tower (tallest in western US), Southern California Gas Company Tower, Arco Towers, and Wells Fargo Center.
• Hirsch Bedner Associates (HBA)coreTechnology or IntegrationWorld leader in hospitality interior design. Heading Park Fifth's interior design. Chairman Michael Bedner and partner Howard Hirsch revolutionized hospitality design by creating an entirely new professional discipline. Largest and most experienced hospitality interior design firm globally.
• Chris Dikeakos Architects (CDA)coreTechnology or IntegrationAward-winning Vancouver-based architectural firm specializing in high-rise residential complexes. Serves as Park Fifth's Executive Architect with over 7,500 residential units completed or in process. First residential high-rises in Orange County and currently tallest residential high-rise in San Diego (The Electra).
• Vertical Properties, Inc.coreChannel Partner/ Reseller/ DistributorSpecializes in expert marketing, sales, and sales management for urban and resort condominium projects. Award-winning marketing expertise with principals having marketed over 20,000 new condominium units and resort properties valued at more than $5 billion.
• Beijing ConstructionmajorImplementation/ SI/ Consulting PartnerChina-based construction enterprise in negotiations to serve as General Contractor for Park Fifth project with a GMP (Guaranteed Maximum Price). To provide construction financing at 80% of total project cost at 200 basis points over Prime, plus construction loan guaranty. Sources primarily from Chinese manufacturers ensuring lowest possible construction costs.
• DLA Piper RudnickmajorImplementation/ SI/ Consulting PartnerUS law firm with 1,500 lawyers and offices in 23 cities. Core practices include corporate and finance, intellectual property, litigation, government affairs, real estate, and tax. Represents leading companies including multinational and Fortune 500 enterprises.
• Nabih Youssef & AssociatesmajorTechnology or IntegrationInternationally-recognized structural engineering firm with offices in Los Angeles, San Francisco, and Irvine. Significantly contributed to development of Earthquake Engineering Codes and Standards, seismic base isolation, and value-engineered strengthening concepts. Notable projects include LA City Hall, Our Lady of the Angels Cathedral, and J. Paul Getty Museum Villa.
• Flack + KurtzmajorTechnology or IntegrationMulti-faceted engineering firm with over 350 staff in offices in New York, San Francisco, Seattle, Las Vegas, Washington DC, London, and Paris. Known for imaginative thinking and innovation in mechanical, electrical, plumbing, fire protection, security, IT and architectural lighting design.
• Cadillac FairviewmajorStrategic or Co-development PartnerDevelopment partner on 6500 Wilshire Blvd project - a 1,000,000 square foot class A office tower in Los Angeles that rises 32 stories. General contractor was Turner Construction and Charles Luckman was the architect.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• The Related Companies: Large diversified US real estate developer and manager of mixed-use, residential, and hospitality projects (e.g., Hudson Yards, CityPlace). Comparable to USDG's mixed-use development and asset management model, but at vastly greater scale with institutional capital backing.
• Tishman Speyer: Global real estate developer and investment manager focused on office, residential, and mixed-use assets. Overlaps with USDG's office tower repositioning history (Beverly Hills) and luxury mixed-use developments like Park Fifth, but operates globally with institutional fund vehicles.
• Lincoln Property Company: Large national third-party property manager and developer. Comparable to USDG's third-party asset management arm and property management capabilities across office and residential.
• Greystar Real Estate Partners: Global leader in rental residential property management, development, and investment. Comparable to USDG's multifamily/condo operational backbone and large-scale asset management practice.

Direct peers

• CIM Group: Los Angeles-based real estate owner, operator, and developer focused on urban mixed-use, multifamily, and office in core US markets. Closest geographic and product overlap to USDG's Park Fifth-style downtown LA mixed-use strategy.
• Thomas Properties Group: LA-based full-service real estate investment, development, and management firm focused on office, residential, and mixed-use assets in California. Comparable to USDG in scale, LA concentration, and integrated development + asset management offering.
• Hackman Capital Partners: LA-focused real estate investment and management firm specializing in industrial, office, and creative office assets. Comparable to USDG's asset management franchise (5M+ sqft supervised by VP Winslett) and California operating model.
• Crescent Heights: US luxury high-rise residential condominium developer with major towers in Miami, LA, and other urban cores. Closely comparable to USDG's Park Fifth luxury condo product and HNW buyer targeting at $980/sqft.
• Douglas Emmett: LA and Honolulu focused REIT that owns and operates Class A office and multifamily properties. Comparable to USDG's office asset management business (Wilshire Bundy Plaza, Westwood Plaza) and LA operating concentration.

Regional players

• Rising Realty Partners: LA-based owner, operator, and developer of creative office and mixed-use assets. Comparable to USDG's Westside LA office repositioning track record (Manchester Center, Westwood Plaza).

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 US DEVELOPMENT Group