What Eastwind Development does

Eastwind Development is a privately held multifamily real estate acquisition and development firm founded in 2007 by John "Jack" Weir and headquartered in Palm Beach Gardens, Florida, with a regional office in Orlando. The company acquires, develops, and constructs garden and mid-rise apartment communities across Florida and the broader Southeast U.S., with a delivered portfolio of 24 communities comprising more than 4,100 units and an active pipeline of over 1,000 units in construction or pre-development. Product lines span market rate, workforce/housing tax credit, build-to-rent (BTR), and active adult (55+) segments, branded through reusable series such as The Aston and The Pointe alongside standalone properties.

The underlying technology is traditional real estate development and construction management rather than software or platform-based: site acquisition, entitlement, design oversight, financing structuring (including housing tax credits and tax-exempt bonds), construction management, and post-stabilization asset management and disposition. Senior leaders bring differentiated prior experience — Weir from Creative Choice Homes (6,000+ prior units), SVP of Finance Steve Potting with $5B+ in CRE financings at M&T and PNC, and VP of Construction Don Prachel with 5,000+ units delivered at LECESSE Construction Services.

Eastwind makes money through a one-time revenue model tied to multifamily transactions: development fees, property sales to institutional buyers (REITs, private equity, insurance), and ongoing asset management for retained or fee-managed communities. Go-to-market is enterprise field sales: completed communities are marketed directly to institutional investors via the executive team, with no public pricing or standardized fee structure disclosed. Customer segments are hybrid, with primary end-user demand from market rate renters and additional segments serving workforce employees, families seeking rental single-family homes, and retirees seeking maintenance-free 55+ living.

Name

Eastwind Development

Legal name

Eastwind Development

Website

https://eastwinddevelopment.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Eastwind Development is a Palm Beach Gardens, Florida-based multifamily real estate acquisition and development firm that has delivered 24 communities with over 4,100 units across Florida and the Southeast U.S., serving institutional investors, REITs, and private equity buyers.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Development

NAICS

Rental and Leasing Services (532)

SIC

General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

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

akta.pro secondary industry

New Construction & Builder Sales (BPAJAAAB)

Keywords

• Multifamily real estate development
• Apartment community development
• Build-to-rent housing
• Workforce housing development
• Multifamily acquisitions

Headquarters

HQ city

Palm Beach Gardens

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Multifamily Community Development: Develops garden and mid-rise multifamily communities for sale or long-term ownership. Revenue generated through development fees, property sales, and ongoing asset management. Focuses on Market Rate, Workforce, Build-to-Rent (BTR), and Active Adult communities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Eastwind Development acquires, develops, and operates multifamily rental communities across Florida and the Southeast U.S. Product types include market rate, workforce, build-to-rent (BTR), and active adult (55+) garden and mid-rise apartment communities. Revenue is generated through development fees, property sales to institutional buyers, and long-term asset management of completed communities.

Product overview

Eastwind Development is a multifamily acquisition and development company that operates as a single unified business rather than a platform-plus-modules architecture. Their portfolio consists of named multifamily communities across Florida and the Southeast U.S., including market rate, workforce, build-to-rent (BTR), and active adult apartment communities. Key product lines include The Aston series (The Aston at Longleaf, The Aston at Uptown, The Aston at Town Center), The Pointe series (The Pointe at Lakewood Ranch, The Pointe at Siena Ridge), and standalone properties (Solera at City Centre, The District Flats, San Mateo Crossing, Ventura Pointe, High Ridge Landing, Tomoka Pointe, Madison Pointe, Monterey Pointe, Sonoma Pointe, Riverwalk Pointe at Mangrove Bay, Bridgewater at Lake Osborne, Dakota at Abacoa, Evernia Place, Little Torch Cottages, Tarpon Harbor, The Crossing at Palm Aire). The company has successfully developed 24 multifamily communities comprising over 4,100 units and has several additional communities in various stages of construction or pre-development.

Differentiator

Problem solved

Functional benefit

Products and services

• The Aston at Longleaf 264-unit multifamily community in Melbourne, FL, currently in pre-development phase, expected to be completed in 2028.
• The Aston at Uptown 261-unit multifamily community in Altamonte Springs, FL, in lease-up phase, expected to be completed in 2025.
• The Aston at Town Center 278-unit multifamily community in Jacksonville, FL, completed in 2024, in lease-up phase.
• The Crossing at Palm Aire 315-unit multifamily community in Sarasota, FL, completed in 2023.
• The Pointe at Lakewood Ranch 160-unit multifamily community located in Lakewood Ranch, FL.
• Tomoka Pointe 276-unit multifamily community located in Daytona Beach, FL.
• Madison Pointe 240-unit multifamily community located in Daytona Beach, FL, completed in 2020.
• The District Flats 178-unit market/workforce multifamily community in West Palm Beach, FL, completed in 2021.
• San Mateo Crossing 352-unit multifamily community in Kissimmee, FL, completed in 2019 and sold.
• Ventura Pointe 206-unit multifamily community in Pembroke Pines, FL, completed in 2018.
• High Ridge Landing 184-unit multifamily community in Boynton Beach, FL, completed in 2017.
• Tarpon Harbor 106-unit multifamily community located in Marathon, FL.
• Monterey Pointe 150-unit active adult (55+) multifamily community in Kissimmee, FL.
• Sonoma Pointe 216-unit multifamily community in Kissimmee, FL, completed in 2016.
• Riverwalk Pointe at Mangrove Bay 104-unit multifamily community in Jupiter, FL, completed in 2015.
• Bridgewater at Lake Osborne 108-unit multifamily community in Lantana, FL, completed in 2014.
• Dakota at Abacoa 190-unit multifamily community in Jupiter, FL, completed in 2013.
• Evernia Place 85-unit active adult multifamily community in West Palm Beach, FL.
• Little Torch Cottages 48-unit multifamily community located in Little Torch Key, FL.
• The Pointe at Siena Ridge 163-unit multifamily community located in Davenport, FL.
• Solera at City Centre 136-unit multifamily community located in Palm Beach Gardens, FL.

Quantifiable outcome

• 4,100+ units delivered across 24 communities
• +2 more outcomes

Segments4 records

Ideal customer profiles4 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 and minor.

• LECESSE Construction ServicescoreImplementation/ SI/ Consulting PartnerDon Prachel served as Project Executive for LECESSE Construction Services prior to joining Eastwind, managing construction from conceptual design to project completion across multifamily and senior living sectors.
• Housing Leadership Council of Palm Beach CountyminorOthersCEO John 'Jack' Weir serves as Chairman of the Board of the Housing Leadership Council of Palm Beach County.
• Creative Choice Homes, Inc.coreStrategic or Co-development PartnerCEO Jack Weir previously served as COO of Creative Choice Homes, Inc. and was directly responsible for financing, closing, and development of over 40 multifamily communities involving over 6,000 units.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Mill Creek Residential: Multifamily developer with strong Florida/Southeast presence developing market-rate, BTR, and active-adult communities for institutional disposition; directly comparable in product segments, geography, and buyer profile.
• Crescent Communities: Southeast U.S. multifamily developer (including Florida) developing garden-style and mid-rise rental communities for sale to institutional investors; directly comparable product and geography.
• The Related Group: Major Florida-based multifamily developer with deep South Florida presence developing market-rate and workforce rental communities; comparable product type and Florida market focus.
• Berkshire Residential Investments: Multifamily investment and development firm active across U.S. Sun Belt markets, developing and acquiring garden and mid-rise rental communities; comparable institutional buyer/partner profile.
• GID Investment Advisers: Vertically integrated multifamily developer, owner, and operator with Florida/Southeast exposure; comparable in development-to-disposition model and institutional capital sourcing.
• RangeWater Real Estate: Sun Belt-focused multifamily developer and BTR operator headquartered regionally; comparable in target geography, product mix, and disposition-led model.
• Wood Partners: National multifamily developer active in Florida and the Southeast developing garden-style and mid-rise communities and selling to institutional buyers; directly comparable business model, product type, and GTM motion to Eastwind.
• American Landmark (Electra America): Multifamily investment and development firm focused on U.S. Sun Belt markets including Florida; comparable in regional focus, product type, and institutional capital model.
• Bainbridge Companies: Florida-headquartered multifamily developer, builder, and manager developing garden and mid-rise communities across the Southeast; highly comparable in geography, product, and institutional disposition model.

Broad incumbents

• Lincoln Property Company: Nationally scaled multifamily developer, owner, and manager with significant Florida and Southeast development activity; broader platform but directly competing on the same product type in the same submarkets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eastwinddevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Eastwind Development