What Zare Development does

Zare Development is a privately held, founder-led real estate development firm founded in 2010 by Amir Zare and headquartered in Miami, Florida, with a second office in Vienna, Virginia supporting the Washington DC metro. The firm acquires underutilized properties in desirable urban neighborhoods and operates a full development lifecycle covering acquisition, entitlement, design, construction management, and sale. To date, it has delivered 18 projects totaling 78 residences and more than $22M in deployed investment across Washington DC and South Florida markets.

The firm's core business is structured around four service offerings: condominium conversions (acquiring small multifamily properties and reselling them as individually titled units), luxury residential (renovation, expansion, and ground-up construction of modern luxury residences), value-add investments (identifying properties with redevelopment or expansion potential), and ground-up and renovation (full redevelopment including demolition, new construction, and major structural improvements). Project budgets range from approximately $250K for small fix-and-flip or buy-and-hold rental deals to $2.4M for larger ground-up condominium projects such as 1307 Longfellow St NW in 16th Street Heights. The firm serves three primary customer segments: capital partners and investors (joint venture development and capital partnerships), landowners (property sales or joint development of underutilized assets), and end-user buyers (purchasers of finished luxury residences).

The revenue model is project-based and transactional, with revenue generated from property appreciation and development margin on the sale of finished residences. The firm pursues a direct sales and relationship-based go-to-market with no intermediaries, resellers, or marketplace channels. Pricing is project-specific and non-standardized. The company is independently operated and founder-owned, with no disclosed institutional investors, private equity backing, or parent company structure, and operates with a reported headcount of 1-10 employees.

Name

Zare Development

Legal name

Zare Development

Website

https://zaredevelopment.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Zare Development is a privately held, founder-led real estate development firm that acquires underutilized properties in Miami, Washington DC, and South Florida and transforms them into luxury residences and condominiums through full-lifecycle development, serving capital partners, landowners, and end buyers.

Ownership category

akta.pro rank

Product category

Real Estate Development

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)

Keywords

• Residential real estate development
• Condominium conversion services
• Value-add property investment
• Ground-up construction
• Luxury urban housing

Headquarters

HQ city

Vienna

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development and Sale: Acquires underutilized properties, manages full development lifecycle (acquisition, entitlement, design, construction, and sale), and sells finished residences at market value. Revenue generated from property appreciation and development margin.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Zare Development acquires underutilized residential properties in desirable urban neighborhoods across Miami, Washington DC, and South Florida, then manages the full development lifecycle — acquisition, entitlement, design, construction, and sale — to deliver finished luxury residences, condominium conversions, value-add renovations, and ground-up multi-family projects. Revenue is generated by selling the completed residences at market value or sharing development margin with capital partners on joint venture projects.

Product overview

Zare Development is a Miami-based real estate development company operating across Miami, Washington DC, and South Florida. The company offers four core service offerings: Condominium Conversions, Luxury Residential, Value-Add Investments, and Ground-Up & Renovation. Their portfolio consists of individual real estate development projects including boutique condominiums, ground-up multi-family buildings, and single-family residential properties. The company manages the full development lifecycle from acquisition through design, construction, and sale, with projects ranging from fix-and-flip single-family homes to large-scale ground-up developments with budgets from $250K to $2.4M.

Differentiator

Problem solved

Functional benefit

Products and services

• Condominium Conversions

Quantifiable outcome

• 78 residences developed across 18 projects
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Others

• PulteGroup:

Direct peers

• MRP Realty: DC-area developer with significant residential and mixed-use infill pipeline, including condo and apartment projects in neighborhoods overlapping with Zare's footprint. Closely aligned urban DC strategy.
• Douglas Development Corporation: One of DC's largest private real estate developers, focused on acquiring underutilized urban properties and repositioning them, often into residential. Comparable acquisition-and-redevelop playbook in the same DC submarkets.
• Crescent Heights: Miami-based luxury condominium developer with a national urban high-rise focus. Comparable in Miami-headquartered luxury condo strategy and urban infill positioning.
• The Related Group: Miami-headquartered condo and luxury residential developer, directly comparable in product (urban luxury condos, value-add acquisitions) and headquartered in Zare's primary market of South Florida.
• EYA Development: Washington DC-area boutique residential developer known for urban infill townhomes and condominium conversions in similar supply-constrained neighborhoods to Zare (e.g., Petworth, Brentwood). Highly comparable in scale, strategy, and product type.
• Roadside Development: DC-based real estate developer focused on mixed-use and residential infill in the same urban neighborhoods Zare operates in, including H Street, NoMa, and Petworth corridors. Comparable boutique scale and urban infill approach.

Broad incumbents

• Toll Brothers: National luxury homebuilder with a city-living urban infill condo division. Comparable on luxury residential product but operates at much greater scale and across many more geographies than Zare.
• Tri Pointe Homes: National homebuilder with a portfolio that includes urban infill and attached residential product. Broader and larger than Zare but shares the focus on for-sale residential in supply-constrained urban markets.

Emerging players

• LCOR: Real estate developer active in Mid-Atlantic and East Coast urban markets, including multifamily and mixed-use residential. Comparable mid-size developer profile and overlapping Mid-Atlantic geographic focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Zare Development